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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 Sterling. These amounts exclude the change in funds held on behalf of clients as described above. The operating cash flows depend on the timing of receipts and payments related to revenues, incentive compensation, other operating expenses and income taxes. | 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 the basis of dividend scales contemplated at the time the policies were issued. Additional provisions have been made for policyholder dividends in excess of the original scale, which have been declared by the Board of Directors. | 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 equity security has been lower than the acquisition cost. In Sampo Group, the impairment is | 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 for environmental liability has widened since 1980, there has been no final judgment which would result in the wholesale transfer of environmental liability from insureds to insurers and reinsurers. In management's opinion, none of these cases, individually or collectively, is likely to result in judgments for amounts which, net of loss and loss adjustment expense liabilities previously established and reinsurance recoverables which management believes are probable of realization, would have a material effect on the financial position of the Company. However, there is no assurance that such losses will not materially affect the Company's results of operations for any period. | 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 blocks of policies during 1996 resulted in an increase in net investment income of $18.4 million in 1996. The percentage earned on average cash and investments was 7.8% in 1996 and 7.9% in 1995. | 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, 2005 and 2004, the Company owned 73,500 and 115,400 equity financial forwards, respectively. Equity financial forwards market values are included in financial forwards in the preceding table. At December 31, 2005 and 2004, the Company owned 1,420,650 and 1,144,700 equity options, respectively. Equity options market values are included in options in the preceding table. The notional amount related to equity options for 2004 has been removed from the above table to conform to 2005 presentation. | 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 expiration. See Note 12 of the "Notes to Consolidated Financial Statements" in the Company's 1998 Annual Report to Shareholders for additional information on the Company's lease commitments. | 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 master fund. The master fund utilizes this invested capital, and in certain cases other debt financing, to purchase various classes of assets on behalf of its investors. Specialized industry accounting for investment companies calls for the feeder fund to reflect its investment in the master fund as a single net asset equal to its proportionate share of the net assets of the master fund, regardless of its level of interest in the master fund. In cases where the Company consolidates the feeder fund, it retains the feeder fund’s net asset presentation and reports the consolidated feeder fund’s proportionate share of the net assets of the master fund in “Other long-term investments,” with any unaffiliated investors’ minority interest in the feeder fund reported in “Other liabilities.” As of December 31, 2007 and 2006 respectively, the consolidated feeder funds’ investments in these master funds, reflected on this net asset basis, totaled $839 million and $225 million. The minority interest in the consolidated feeder funds was $59 million and $0 million as of December 31, 2007 and 2006, respectively, and the master funds had gross assets of $11.0 billion and $8.5 billion, respectively, and gross liabilities of $10.0 billion and $8.2 billion, respectively, which are not included on the Company’s balance sheet. | 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 the assets, liabilities and operations of SSRM into discontinued operations for all periods presented in the consolidated financial statements. Additionally, the sale of SSRM resulted in the elimination of the Company's Asset Management segment. The remaining asset management business, which is insignificant, has been reclassified into Corporate & Other. The Company's discontinued operations for the year ended December 31, 2004 also includes expenses of approximately $20 million, net of income taxes, related to the sale of SSRM. See also Note 18. | 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&G plc Directors’ remuneration report as set out in the M&G plc 2019 Annual Report. These details were not known by Prudential plc prior to the finalisation of this report. | 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 issuance of reports to the Danish Tax Authority and other public authorities. Fee for services, other than audit work, includes general accounting advisory and participation in meetings with the Danish FSA. The Group has an internal audit department which carries out most of the audit work. | 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% acquisition of IPA, both of which were allocated to goodwill. During the year ended December 31, 2007 the Company reduced its valuation allowance by $3,000 representing a decrease of deferred tax on unrealized losses allocated to equity. | 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 may result in assessments against the Company. The Company was assessed $258,000 and $203,000, for the years ended December 31, 2002 and 2001, respectively. During 2002 the Company recovered $180,000 of the 2001 assessment and is entitled to recover all of these assessments as permitted by the state of Florida through policy surcharges in 2003. For the years ended December 31, 2000 and 1999, no amounts were assessed against the Company. | 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 will run through 2005, each carefully monitored and with monthly reviews. | 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 marketing agreement with Minnesota Life Insurance Company (“Minnesota Life”) for individual disability products. | 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 36.0% based on the loss ratio of the business produced. During 2007, TRM produced $83.7 million of premium and earned $26.8 million in direct commission revenue from CPIC. The maximum potential reduction to direct commission revenue is $4.1 million. | 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 actual or estimated claims, after estimated recoveries, on policies accounted for as financial guarantee insurance contracts is reported as case basis reserves within “Loss and loss adjustment expense reserves” on the Company’s consolidated balance sheet. With respect to insured derivatives, we have not adjusted the expected contractual payments included in the preceding table by the impact of possible early settlements of such contracts at lower amounts. Insured derivatives are recorded at fair value and reported within “Derivative liabilities” on the Company’s consolidated balance sheet. Surplus notes, VIE notes, investment agreements, MTNs, securities sold under agreements to repurchase, short-term debt and long-term debt include principal and interest and exclude premiums or discounts. Liabilities issued at discounts reflect principal due at maturity. Interest payments on floating rate obligations are estimated using applicable forward rates. Principal and interest on callable obligations or obligations that allow investors to withdraw funds prior to legal maturity are based on the expected call or withdrawal dates of such obligations. Liabilities denominated in foreign currencies are presented in U.S. dollars using applicable exchange rates as of December 31, 2009. | 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 derivatives to mitigate exposure to interest rate volatility. | 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 regulation of wealth management products, which had been among the main growth drivers in the past. In emerging Asia, excluding China, life premiums increased by 7% in 2019. Growth in the Middle East and Africa remained weak, while Latin America grew 4% after a decline the year before. | 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 follows: | 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, $1.42 billion, and $792 million, respectively. | 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 of fair value specialists, and increased extent of effort related to evaluating indicators of impairment, including the utilization and dayrate assumptions used in the probability-weighted cash flow analyses. | 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 amortization of the block was offset by the increase in deferred expenses related to sales of our fixed indexed annuities. The table below presents deferred policy acquisition cost by product. | 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 options to hedge the equity return component of FIA products. These options do not qualify for hedge accounting treatment, and net gains (losses) from the options are recorded in net realized investment gains (losses). Because the interest earned on the Company’s FIA product is included as a component of interest credited, it is more meaningful to evaluate results inclusive of the results of this hedging program. | 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 to the group’s and the parent company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the annual report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. | 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 of our commercial paper under review for possible future downgrade, which it subsequently removed without change. Also on October 31, 2002, Standard & Poor's Ratings Services placed its "A-" rating of our senior debt on CreditWatch with negative implications, which it subsequently removed without change. On August 31, 2003, Standard & Poor's revised its outlook on our senior debt from stable to negative. A further downgrade in the credit ratings of our senior debt and commercial paper would increase our borrowing costs and reduce our financial flexibility. | 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 taxes (benefits), are excluded from income and credited or charged directly to a separate component of stockholders' equity. If any unrealized losses on bond or common stocks are deemed other than temporary, such unrealized losses are recognized as realized losses. | 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 ratios consider, among other things, rate increases and changes in terms and conditions that have been observed in the market. Any estimates and assumptions made as part of the reserving process could prove to be inaccurate due to several factors, including the fact that limited historical information has been reported to us through December 31, 2005. Reinsurance operations by their nature add further complexity to the reserving process in that there is an inherent additional lag in the timing and reporting of a loss event to a reinsurer from an insured or ceding company through a broker. As actual loss information has been reported to us, we have developed our own loss experience and our reserving methods include other actuarial techniques. In 2005, our insurance operations began to give a relatively small amount of weight to their own experience. As a result, our insurance operations reduced loss selections for some lines, in particular those written on a claims-made basis and for which they now have a reasonable level of credible data. Over time, such techniques will be given more weight in our reserving process based on the continuing maturation of our Loss Reserves. It is possible that claims in respect of events that have occurred could exceed our Loss Reserves and have a material adverse effect on our results of operations in a future period or our financial condition in general. | 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 reserves primarily relate to massive injury lifetime medical claims; the ceded estimates for these claims are adjusted when there is a change to the direct reserve estimate. The remainder of the ceded reserves is reviewed by our actuaries annually. | 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 values of the underlying contracts. The stated amount and estimated fair value of the Company's liability under annuity contracts in the accumulation phase totaled $4.815 billion and $4.596 billion as of December 31, 1995 ($1.081 billion and $1.039 billion as of December 31, 1994). | 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 in one of the four categories of financial assets set out below: Financial assets measured at fair value through profit and loss These are instruments held for trading purposes or designated at fair value through profit or loss on initial recognition in accordance with the fair value option amendment to IAS 39 (published by the IASB in June 2005 and adopted by the European Union on November 15, 2005). | 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 written. The acquisition cost ratio decreased to negative 1.2% for the year ended December 31, 2006 from 2.5% for 2005 primarily as a result of changes in our U.S. distribution platform. Historically, our U.S. business was generated via surplus lines program administrator agreements and a reinsurance agreement with subsidiaries of AIG. Under these agreements, we paid additional commissions to the program administrators and cedent equal to 7.5% of the gross premiums written. These agreements were cancelled and the related gross premiums written were substantially earned by December 31, 2005. Gross premiums written from our U.S. offices are now underwritten by our own staff and, as a result, we do not incur the 7.5% override commission historically paid to subsidiaries of AIG. In addition, we now cede a portion of our U.S. business on a quota share basis under our property treaties. These cessions generate additional ceding commissions and have helped to further reduce acquisition costs on our U.S. business. | 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 and May 31, 2005 and names as defendants AIG, the members of AIG’s Retirement Board and the Administrative Boards of the plans at issue, and four present or former members of AIG’s Board of Directors. The factual allegations in the complaint are essentially identical to those in the securities actions described above. Plaintiffs allege that defendants violated duties under ERISA by allowing the plans to offer AIG stock as a permitted investment, when defendants allegedly knew it was not a prudent investment, and by failing to provide participants with accurate information about AIG stock. AIG’s motion to dismiss was denied by order dated December 12, 2006. Discovery will be consolidated with proceedings in the securities actions. | 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 volume in 2000 and expects product growth in 2002, as the economy improves and additional products are offered and updated. | 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 marine classes experienced a leveling in rates. Partially offsetting the overall increase were decreases in policy count in the drill rig class partly as a result of some one-time builder's risk policies written in 2002, which were not renewed in 2003. Builder's risk policies may have policy terms greater than one year and accordingly their premiums are earned over the related policy periods. In addition, we did not renew certain cargo policies in order to reduce concentrations of risk. However, commencing in the fourth quarter of 2003, gross premiums included approximately $6.5 million of cargo premiums from our agreement with Southern Marine & Aviation, a leading provider of insurance for bulk petroleum cargo shipments. Net premiums written decreased by 4% reflecting larger amounts of ceded reinsurance premium as a result of higher costs as well as the business mix within the various classes of ocean marine insurance. Net premiums earned grew by 18% in 2003 compared to 2002 reflecting premium rate increases as well as increased | 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 from $21.76 per share at December 31, 2010. | 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 and loss adjustment expense ratios included 6.2 point and 7.1 point benefits from net favorable prior year reserve development, respectively. The consolidated loss and loss adjustment expense ratio adjusted for catastrophe losses and prior year reserve development in 2009 was 0.7 points higher than the 2008 ratio on the same basis, primarily reflecting the impact of loss cost trends in the Business Insurance and Personal Insurance segments, partially offset by lower non-catastrophe weather-related losses across the Company's segments, and fewer large property losses in the Financial, Professional & International Insurance segment. | 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 described below. The Company continues to be subject to aggressive asbestos-related litigation. The conditions surrounding the final resolution of these claims and the related litigation continue to change. The Company is defending its asbestos- and environmental-related litigation vigorously and believes that it has meritorious defenses; however, the outcomes of these disputes are uncertain. In this regard, the Company employs dedicated specialists and aggressive resolution strategies to manage asbestos and environmental loss exposure, including settling litigation under appropriate circumstances. For a discussion of other information regarding the Company's asbestos and environmental exposure, see "Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations-Asbestos Claims and Litigation," "-Environmental Claims and Litigation" and "-Uncertainty Regarding Adequacy of Asbestos and Environmental Reserves." | 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 at brokers desiring to use the Company's warranty was introduced in mid-1995. This strategy has somewhat reduced the negative impact of the loss of members on other revenues, evidenced by the 1995 fourth quarter improvements in first year warranty contract sales, as compared to prior quarters. | 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 period from May 18 to December 31 in 2001. The consolidation of ILCO's operations for the period from May 18, 2001 to December 31, 2001 contributed approximately $19 million to policyholder benefits and expenses for the year ended December 31, 2001. At ILCO's insurance subsidiaries, the level of policyholder benefits and expenses was $32.5 million in the year 2000, $32.4 million in the year 2001 and $37.3 million in the year 2002. The increase from 2001 to 2002 is attributable to increases in death benefit claims. At Family Life, the level of policyholder benefits and expenses decreased from $13.5 million for the year 2000 to $10.1 million for the year 2001 and increased to $10.7 million for the year 2002, which decreases are attributable to decreases in death benefit claims as well as decreases in reserves due to higher than expected lapse rates in Family Life's traditional life business. | 204 | 10K |
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