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4733 | 811 | The increase in our effective income tax rate for 2012 was due to the favorable resolution of various tax matters in 2011, which lowered the 2011 effective income tax rate. | 30 | 10K |
4901 | 1,027 | The table excludes liabilities of $11.1 million related to uncertainty in tax settlements as the Company is unable to reasonably estimate the timing and amount of related future payments. | 29 | 10K |
1454 | 361 | Net realized investment gains, net of income taxes, were $4.4 million during the 2000 year, compared to net realized gains of $0.7 million for 1999. The gains were recognized pursuant to an investment policy designed to protect the total returns on the portfolio. | 43 | 10K |
2288 | 4,285 | The AFP defined contribution and profit sharing and defined benefit plans are available to all eligible employees of AFP. The benefits under these plans are based on years of service and employee compensation. AFP’s funding policy is to contribute to the plans an amount sufficient to meet the minimum funding requirements set forth in the Employee Retirement Income Security Act of 1974, plus any additional amounts determined to be appropriate from time to time. Contributions are intended to be sufficient to cover the costs of benefits earned for service to date and an estimate of those costs for future service. AFP contributed $2,035, $1,221 and $957 to the plans in 2003, 2002 and 2001, respectively. The invested assets of the plans consist of investments in various types and categories of stocks and bonds. At December 31, 2003 and 2002, the fair market value of plan assets was $8,852 and $6,732, respectively. Pension costs for the years 2003, 2002 and 2001 amounted to $1,905, $1,255 and $978, respectively. | 167 | 10K |
PhoenixGroupHoldingsPLC-AR_2014 | 3,101 | – Changes in assumptions in pricing and reserving for insurance business (particularly with regard to mortality and morbidity trends, gender pricing and lapse rates) | 24 | annual_report |
4496 | 443 | The decrease of $1,219 in interest expense related to the fact that we had the 11% merger-related notes payable during 2010 until we retired those notes in May of that year. We also had a $4,327 loan outstanding until February of 2010. We have not increased our debt since retiring the aforementioned obligations. | 53 | 10K |
NatixisSA-AR_2012 | 550 | Natixis’ business lines characteristics, and particularly without voting rights and with Natixis having the ability to consolidate the results of the Caisses d’Epargne in proportion to its investment in the capital. | 31 | annual_report |
AvivaPLC-AR_2014 | 3,652 | Cash and cash equivalents reconciles to the statement of financial position as follows: Restated1 | 14 | annual_report |
ch_zurich_insurance_group-AR_2008 | 264 | The Board consists entirely of Directors who are non-executive, independent of management, and who have never held an executive position in the Group. The Governance and Nominations Committee annually reviews the independence of the Board members and reports its fi ndings to the Board for fi nal determination. Board members are also subject to rules and regulations to avoid confl icts of interest and the use of inside information. A self-assessment of the full Board is carried out once a year. In 2008, the Board’s self-assessment was carried out on the basis of a comprehensive questionnaire. A detailed report was produced for and considered by the Board. | 107 | annual_report |
StorebrandASA-AR_2000 | 352 | Significant resources have been committed to establishing the bank's advisory concept. This has involved the development of a first-class system for giving financial advice and related support systems, training and education of financial advisers and refurbishment of the bank's financial centres. At the same time the decision has been taken to discontinue the franchise distribution concept in order to concentrate activities on the financial advisory concept. Further improvements were made to Storebrand Bank's Internet banking service in 2000, and this is now recognised as the leading Internet service in Norway. Additional resources have also been committed to automating production and processing customer applications. The product range was expanded in 2000 by introducing equity index bonds, credit cards and customer loyalty programs. | 121 | annual_report |
4699 | 1,850 | due to significantly higher profits in the annuity segment and higher underwriting profits in the property and casualty insurance segment. | 20 | 10K |
978 | 667 | AIGFP has entered into commitments to provide liquidity for certain tax-exempt variable rate demand notes issued by municipal entities. The agreements allow the holders, in certain circumstances, to tender the notes to the issuer at par value. In the event a remarketing agent of an issuer is unable to resell such tendered notes, AIGFP would be obligated to purchase the notes at par value. With respect to certain notes that have been issued, AIGFP has fulfilled its liquidity commitments by arranging bank liquidity facilities. These banks agree to purchase the notes that AIGFP is otherwise obligated to purchase in connection with a failed remarketing. It is the intention of AIGFP to arrange similar liquidity with respect to the $123 million aggregate amount of notes that are expected to be issued through 1999. | 132 | 10K |
ScorSE-AR_2011 | 3,959 | P&C Total Ceded gross written premiums (345) (391) (736) (286) (265) (551) (333) (245) (578) | 15 | annual_report |
1975 | 931 | Increases in selling, general and administrative expenses from acquisitions, depreciation and contributions, as discussed above, were partially offset by the adoption of Financial Accounting Standards Board Statement No. (“FAS”) 142, “Goodwill and Other Intangible Assets,” which eliminates goodwill amortization. A total of $35,693,000 ($26,299,000 after tax) and $35,031,000 ($25,708,000 after tax) of goodwill was amortized in 2001 and 2000, respectively. Excluding depreciation and amortization, selling, general and administrative expenses as a percentage of revenue were 3.0% for the twelve months ended December 31, 2002 as compared to 3.2% last year and 3.9% for the twelve months ended December 31, 2000. | 100 | 10K |
SwissReAG-AR_2015 | 3,674 | ILS are particularly well-suited to provide protection against peak risks – events that happen infrequently but tend to lead to high losses, for example earthquakes or windstorms. ILS are used for both risk and capital management purposes in the P&C and the L&H business. For reinsurers they are attractive because they free up scarce capital; for insurers and corporate clients they provide multiyear collateralised protection; and for investors they offer attractive diversification possibilities, as they are relatively uncorrelated with other asset classes. | 82 | annual_report |
LloydsBankingGroupPLC-AR_2016 | 1,773 | Changes No change to policy for existing Executive Directors. All future appointments as Executive Directors will attract a maximum allowance of 25 per cent of base salary. | 27 | annual_report |
NatixisSA-AR_2006 | 4,767 | Property, plant and equipment and intangible assets existing at December 31, 2003, have been maintained in the IFRS balance sheet at their historic cost under French GAAP, except for investment property held by insurance companies, which is valued at fair value through profi t and loss. Assets acquired after that date are measured at cost including transaction costs (transfer duties, fees, commissions and registration expenses). Borrowing costs are not capitalized. | 70 | annual_report |
3025 | 697 | Benefit from and Provision for Income Taxes. The reported benefit from income taxes was $5.7 million for 2005 compared to a reported provision for income taxes of $4.5 million for 2004. The effective tax rate was 19.4% in 2005 compared to 38.8% in 2004. The 2005 tax rate was impacted by permanent differences created by specific write-offs of intangibles of $17.4 million, which had no tax basis, and other non-deductible items. At December 31, 2005, we had Federal net operating loss carryforwards (“NOLs”) of $14.0 million which begin expiring in 2017. | 91 | 10K |
5053 | 1,204 | Net premiums and policy fees increased $252.5 million, or 48.6%, for the year ended December 31, 2014, as compared to the year ended December 31, 2013. The impact of the MONY acquisition increased $277.4 million in 2014 compared to 2013, which reflects four quarters in 2014 as compared to one quarter in 2013. In addition, a 2014 reinsurance recapture increased net premiums $9.0 million compared to 2013. This increase was partly offset by expected runoff. Net investment income increased $257.3 million, or 41.7%, for the year ended December 31, 2014, as compared to the year ended December 31, 2013, primarily due to the MONY acquisition, which was offset by expected runoff of other blocks of business. | 116 | 10K |
gb_prudential-AR_2004 | 1,159 | In December 2003, Urgent Issues Task Force Abstract 38 ‘Accounting for Employee Share Ownership Trusts’ (UITF 38) was issued. The main effect of UITF 38 is that the Company must present the cost of acquiring the shares held in such trusts as a deduction in determining shareholders’ funds. The Company has adopted the provisions of UITF 38 in its 2004 results. Further details are provided in note 4. | 68 | annual_report |
2723 | 1,008 | noncommission underwriting expenses. The 2004 personal lines combined ratio was slightly above the prior year’s level. Higher catastrophe losses and underwriting expenses offset the improvement in the homeowner and personal auto loss and loss expense ratios excluding catastrophe losses. | 39 | 10K |
ASRNederlandNV-AR_2014 | 2,454 | Variable pay is set each year on the basis of the scores on three components (i.e. an individual component, an entity-level component and a group component) in which context the performance on financial targets and customer satisfaction is measured (with the exception of control functions as mentioned in 6.4.1). This means that 40% to 60% of variable pay depends on non-financial criteria. The performance criteria provide no incentives for irresponsible risk-taking. | 71 | annual_report |
4310 | 4,074 | The Company also commits to lend funds under certain other mortgage loan commitments that will be held-for-investment. The amounts of these mortgage loan commitments were $3.8 billion and $2.2 billion at December 31, 2010 and 2009, respectively. | 37 | 10K |
SwissReAG-AR_2015 | 4,126 | In 2015, we launched our new employer brand “Let’s be smarter together”. We first addressed graduates, highlighting the culture and opportunities that come with our vision of “making the world more resilient”. | 32 | annual_report |
HelvetiaHoldingAG-AR_2018 | 2,971 | 2.2 Shareholdings On the reporting date, Helvetia Holding AG owned the following direct investment: Reported company capital Holding as of | 20 | annual_report |
3244 | 3,147 | Personal lines. Net written premiums for personal lines decreased by 12.0% to $800.6 million in 2006, compared to $910.2 million in 2005. The decrease was attributable to reduced writings at AutoOne due to significant declines in New York’s assigned risk pool, and in traditional personal lines, premium decreased due to an increasingly competitive auto market and also Massachusetts state-mandated rate decreases. With respect to the New York assigned risk pool, market trends indicate that assigned risk volumes are expected to decline to approximately $200 million in 2007, down from $240 million in 2006, $383 million in 2005 and $629 million in 2004. Assigned risk volumes in New Jersey are also expected to decline in 2007. Market trends indicate that the assigned risk pool in New Jersey is expected to decline to approximately $140 million in 2007, down from $175 million in 2006, $275 million in 2005 and $375 million in 2004. We expect a reduction in AutoOne’s premium volume reflective of these trends. | 163 | 10K |
HiscoxLtd-AR_2020 | 2,427 | The Company relies on dividend streams from its subsidiary companies to provide the cash flow required for distributions to be made to shareholders. The ability of the subsidiaries to pay dividends is subject to regulatory restrictions within the jurisdiction from which they operate. | 43 | annual_report |
fr_axa-AR_2007 | 737 | Basic fully diluted Basic fully diluted Basic fully diluted Basic fully diluted Basic fully diluted Basic fully diluted | 18 | annual_report |
4905 | 2,232 | Private passenger auto new business premiums written increased 7.3% in 2014, compared to 22.8% in 2013. New business policies written for private passenger auto increased 3.7% in 2014, compared to 19.5% in 2013, while the new business year-over-year average premium per policy for private passenger auto increased 3.6% at December 31, 2014, compared to 2.8% at December 31, 2013. | 59 | 10K |
4375 | 1,481 | The Company’s subsidiaries are, from time to time, named as defendants in various lawsuits incidental to their insurance operations. Legal actions relating to claims made in the ordinary course of seeking indemnification for a loss covered by the insurance policy are considered by the Company in establishing loss and LAE reserves. | 51 | 10K |
4637 | 4,736 | Represents changes in the fair values of certain derivative investments (including those associated with our consolidated VIEs), total return swaps (embedded derivatives that are theoretically included in our various modified coinsurance and coinsurance with funds withheld reinsurance arrangements that have contractual returns related to various assets and liabilities associated with these arrangements) and trading securities. | 55 | 10K |
3194 | 1,104 | For the year ended December 31, 2006, the Company recognized the following other-than-temporary impairments: | 14 | 10K |
1944 | 882 | Net unrealized gains and losses on investment securities and other invested assets classified as available-for-sale are reduced by deferred income taxes and adjustments to PVFP and deferred acquisition costs that would have resulted had such gains and losses been realized. Net unrealized gains and losses on available-for-sale investment securities and other invested assets reflected as a separate component of shareholders’ interest as of December 31, 2002, 2001, and 2000 are summarized as follows: | 73 | 10K |
4044 | 1,038 | The Company’s contractual obligations as of December 31, 2009 are summarized as follows: | 13 | 10K |
1583 | 408 | In March 2000, the FASB issued Interpretation No. 44, Accounting for Certain Transactions Involving Stock Compensation, an Interpretation of the Accounting Principles Board Opinion No. 25, which clarifies the application of APB Opinion No. 25 for some issues including: | 39 | 10K |
de_allianz-AR_2016 | 242 | A general description of the functions of the Board of Management, the Supervisory Board and their committees can be found in the Corporate Governance Report starting on page 14, and on our website at www.allianz.com/corporate-governance. | 35 | annual_report |
5517 | 1,850 | Our pension plan assets included 232,113 shares of the company’s common stock at both December 31, 2018 and 2017, which had a fair value of $18 million and $17 million at December 31, 2018 and 2017, respectively. The defined benefit pension plan did not purchase or sell any shares of our common stock during 2018 and 2017. The company paid less than $1 million in 2018 and $1 million in 2017 in cash dividends on our common stock to the pension plan. | 82 | 10K |
fr_axa-AR_1999 | 4,840 | Gross premiums and financial services revenues 31,354 12,088 3,443 1,005 7,694 3 55,587 | 13 | annual_report |
4857 | 805 | The following selected financial data has been derived from the Company’s Consolidated Financial Statements. The Statement of Operations data for the years ended December 31, 2014, 2013 and 2012 and the Balance Sheet data as of December 31, 2014 and 2013 have been derived from the Company’s Consolidated Financial Statements included elsewhere herein. The Statement of Operations data for the years ended December 31, 2011 and 2010 and the Balance Sheet data at December 31, 2012, 2011 and 2010 have been derived from the Company’s audited Consolidated Financial Statements not included herein. The selected financial data set forth below should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II, | 119 | 10K |
DirectLineInsuranceGroupPLC-AR_2017 | 888 | The Company Secretary designed and co-ordinated the process. This involved agreeing a structured questionnaire with the Chairman, SID and the Chairs of the Board’s Committees, distributing it to and interviewing the directors and stakeholders and preparing reports. The Board and each of its Committees reviewed and discussed the relevant reports. | 50 | annual_report |
5720 | 1,580 | As of December 31, 2019 and 2018, the Company had securities with a fair value of $181 million and $205 million, respectively, posted to derivative counterparties and these amounts are included within “Fixed-maturity securities held as available-for-sale, | 37 | 10K |
3886 | 1,216 | Future transactions and the timing of such transactions could cause an additional ownership change for Section 382 income tax purposes. Such transactions may include, but are not limited to, additional repurchases or issuances of common | 35 | 10K |
4220 | 782 | Shown below is a condensed schedule of cash flows for the years ended December 31, 2010, 2009 and 2008, that we use throughout our discussion of liquidity and capital resources ($ in millions). | 33 | 10K |
4890 | 997 | On December 19, 2008, Old Republic Insurance Company and Republic Insured Credit Services, Inc., ("Old Republic") filed suit against Countrywide Bank FSB, Countrywide Home Loans, Inc. ("Countrywide") and Bank of New York Mellon, BNY Mellon Trust of Delaware ("BNYM") in the Circuit Court, Cook County, Illinois (Old Republic Insurance Company, et al. v. Countrywide Bank FSB, et al.) seeking rescission of various credit indemnity policies issued to insure home equity loans and home equity lines of credit which Countrywide had securitized or held for its own account, a declaratory judgment and money damages based upon systemic material misrepresentations and fraud by Countrywide as to the credit characteristics of the loans or by the borrowers in their loan applications. Countrywide filed a counterclaim alleging a breach of contract, bad faith and seeking a declaratory judgment challenging the factual and procedural bases that Old Republic had relied upon to deny or rescind coverage for individual defaulted loans under those policies, as well as unspecified compensatory and punitive damages. The Court ruled that Countrywide does not have standing to counterclaim with respect to the policies insuring the securitized loans because those policies were issued to BNYM. In response, Countrywide and BNYM jointly filed a motion asking the Court to allow an amended counterclaim in which BNYM would raise substantially similar allegations as those raised by Countrywide and make substantially similar requests but with respect to the policies issued to BNYM. The Court dismissed their motion, with leave to re-plead the counterclaim. BNYM's subsequent attempt to re-plead was granted by the Court. | 258 | 10K |
SwissLifeHoldingAG-AR_2010 | 3,434 | Some of the shares allotted to the members of the Board of Directors in the period under review form part of their basic compensation, 80% of which was granted in cash and 20% in blocked Swiss Life Holding shares. The remaining shares were allotted at the beginning of 2011 as variable compensation amounting to 10% of the fixed compensation based on the good business results in the 2010 financial year. All shares are subject to a three-year blocking period. | 79 | annual_report |
AvivaPLC-AR_2012 | 2,346 | Attributable to: Equity shareholders of Aviva plc (3,942) 923 Non-controlling interests 132 (167) | 13 | annual_report |
NatixisSA-AR_2003 | 4,171 | As at 31 December 2003, CDC IXIS Capital Markets and its subsidiary CDC IXIS Securities employed 911 staff on permanent contracts, versus 933 a year earlier. This 2.4% reduction only concerned the Paris offices, whereas the number of employees in the branches held steady. In addition, the number of back-office personnel (employed by structures not included in the Company’s scope of consolidation) showed no increase and amounted to 199 employees on permanent contracts at the end of 2003. | 78 | annual_report |
AegonNV-AR_2010 | 1,357 | � The Compensation Committee reviews all circumstances in detail and documents its fi ndings. | 14 | annual_report |
5450 | 1,206 | Under the 2015 LTIP, as under the 2010 LTIP and omnibus plan, we grant stock options for shares with an exercise price equal to the fair market value of the shares at the date of grant (subject to adjustments for changes in our capitalization, including special dividends and other events as set forth in such plans). Options generally vest and become exercisable ratably over a five-year period and expire eight years after grant. | 73 | 10K |
BeazleyPLC-AR_2019 | 118 | Risk is dynamic so, for any insurer, change is constant and inevitable. However, in 2019 changes came faster than usual, both for Beazley and the broader insurance industry. | 28 | annual_report |
5652 | 1,543 | million and $123 million, respectively. The total income tax benefits recognized in the consolidated statements of comprehensive income for share-based compensation arrangements for the years ended December 31, 2018, 2017, and 2016 were $10 million, $22 million and $35 million, respectively. | 41 | 10K |
StandardLifeAberdeenPLC-AR_2011 | 1,666 | Actuarial losses on defined benefit pension schemes (20) - (20) - (20) | 12 | annual_report |
Sampoplc-AR_2011 | 2,423 | Total derivatives held for hedging 510 2 38 582 4 14 | 11 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2016 | 1,879 | II of the pension system (open pension funds) and successive scenarios concerning the banking system’s burden resulting from the revaluation of frank credits, which had a negative impact on the major Warsaw index WIG20 heavy weighted in banks. | 38 | annual_report |
HelvetiaHoldingAG-AR_2018 | 1,239 | At 82.7 %, Switzerland still boasts a very good net combined ratio (financial year 2017: 83.1 %). The following factors impacted the net combined ratio: Improved claims ratio (1.1 percentage points) – Good attritional claims development Increase in the cost ratio (0.7 percentage points) | 44 | annual_report |
gb_prudential-AR_2006 | 1,274 | The Commission intends to adopt proposals for a framework directive in mid-2007 which will contain high-level principles. | 17 | annual_report |
2789 | 692 | In March, the aircraft on one bond issue was returned to bondholders while other bond issues missed two consecutive debt payments. We determined there was a high probability of restructuring and possible bankruptcy filing. | 34 | 10K |
3715 | 842 | The following discussion refers to the consolidated financial statements of TRH as of December 31, 2008 and 2007 and for each of the three years in the period ended December 31, 2008, which are presented elsewhere herein. Financial data discussed below have been affected by certain transactions between TRH and related parties. (See Notes 7, 12, 14 and 16 of Notes to Consolidated Financial Statements.) | 65 | 10K |
SwissLifeHoldingAG-AR_2004 | 213 | Premium income in the non-life segment fell slightly in 2004 to CHF 1067 million (–1%). However, lower earnings were more than compensated for by lower costs in the insurance business and the 4% fall in operating expenses. This produced an operating result of CHF 46 million (CHF 23 million in 2003). | 51 | annual_report |
2868 | 1,112 | The projected discounted cash flow obligation for the postretirement plan was $33.4 million and $47.9 million at December 31, 2005 and 2004, respectively. | 23 | 10K |
4652 | 1,576 | Our international insurance operations primarily offer products denominated in local currency. However, several of our international insurance operations, most notably our Japanese operations, also offer products denominated in non-local currencies, primarily comprised of U.S. and Australian dollar-denominated products. The non-yen denominated insurance liabilities related to these products are supported by investments denominated in corresponding currencies, including a significant portion designated as available-for-sale. While | 63 | 10K |
5720 | 1,829 | As of December 31, 2019, MBIA Insurance Corporation’s statutory capital was $476 million, consisting of policyholders’ surplus of $282 million and contingency reserve of $194 million. As of December 31, 2018, MBIA Insurance Corporation had statutory capital of $555 million. | 40 | 10K |
AvivaPLC-AR_2011 | 3,979 | Risk mitigation techniques are used where and when deemed appropriate. These are utilised where possible to remove residual unwanted risks, as well as to bring or keep exposure limits within appetite, and include methods such as collateralisation and the purchase of credit protection such as credit default index swaps. Collateral held either takes the form of cash, disclosed in note 49 as a payable, or other financial assets, disclosed in note 25(d). Where a financial asset is recognised in the statement of financial position at fair value, that value reflects the credit enhancement as a result of the relevant collateral received. | 102 | annual_report |
5602 | 7,588 | (c) Fitch ratings may be modified by the addition of a plus or minus sign to show relative standing within the major rating categories. | 24 | 10K |
SwissReAG-AR_2016 | 1,237 | Strategic risk Overall responsibility for managing strategic risk lies with the Group Board of Directors, which establishes Swiss Re’s overall strategy. The Boards of Directors of legal entities are responsible for the strategic risk inherent in their specific strategy development and execution. Strategic risks are addressed by examining multi-year scenarios, considering the related risks, as well as monitoring the implementation of the chosen strategy year-by-year in terms of the annual business plan. | 72 | annual_report |
4300 | 928 | These provisions, as included in ASC Topic 320, were adopted by the Company on April 1, 2009. As a result of implementation, the Company recognized a cumulative effect of change in accounting principle of $151.7 after considering the effects of | 40 | 10K |
189 | 1,351 | Income tax expense was different from the amount computed by applying the federal income tax rate to income before federal income taxes for the following reasons: | 26 | 10K |
4497 | 1,359 | Cash provided by operating activities in 2011 was $1.4 billion, compared to $1.3 billion in 2010. Cash used in investing activities in 2011 increased $604 million compared to 2010. This increase was primarily due to capital expenditures related to the construction of Diamond Offshore’s three new drillships, as discussed below, as well as $186 million in proceeds received in relation to the sale of the Ocean Shield in 2010. | 69 | 10K |
NatixisSA-AR_2014 | 3,118 | Securitization 3.5 Securitization 3.5.1 MANAGEMENT OF RISKS RELATED TO SECURITIZATION TRANSACTIONS | 11 | annual_report |
HelvetiaHoldingAG-AR_2011 | 1,904 | The figures given above may not reconcile to the amounts reported in the balance sheet, as these represent non-discounted flows of funds. Allocation to the category “Callable at any time” is based on the counterparty’s right to cancel that is contained in the contracts. Most of these contracts, both life and non-life, can be terminated within one year at the latest. | 61 | annual_report |
5884 | 507 | •Retail segment earnings were $3.0 billion in 2020, an increase of $782 million, or 35.0%, compared to $2.2 billion in 2019 primarily resulting from the net favorable impact of a lower benefit ratio, partially offset by a higher operating cost ratio as more fully described below. | 46 | 10K |
5886 | 1,534 | The company receives statutory reserve credits for reinsurance treaties with EQ AZ Life Re to the extent EQ AZ Life Re holds assets in an irrevocable trust (the “EQ AZ Life Re Trust”). As of December 31, 2020, EQ AZ Life Re holds $2.1 billion of assets in the EQ AZ Life Re Trust and letters of credit of $2.2 billion that are guaranteed by Holdings. Under the reinsurance transactions, EQ AZ Life Re is permitted to transfer assets from the EQ AZ Life Re Trust under certain circumstances. The level of statutory reserves held by EQ AZ Life Re fluctuate based on market movements, mortality experience and policyholder behavior. Increasing reserve requirements may necessitate that additional assets be placed in trust and/or additional letters of credit be secured, which could adversely impact EQ AZ Life Re’s liquidity. | 138 | 10K |
5903 | 999 | For our International Businesses, as of December 31, 2020, we own and lease home offices located in Japan, Argentina, Brazil, Mexico, Malaysia and Taiwan. We also conduct our business in owned and leased properties, primarily field offices, located throughout these same countries. For PGIM’s international investment operations, as of December 31, 2020, we lease home offices located in Japan and Taiwan. We also lease principal properties and other branch and field offices in other countries where PGIM conducts business. | 79 | 10K |
fr_axa-AR_2012 | 4,189 | in US Subprime & Alt-A, and 1% in Non conforming RMBS. | 11 | annual_report |
3648 | 2,210 | Net cash provided by financing activities was $6.2 billion and $3.9 billion for the years ended December 31, 2008 and 2007, respectively. Accordingly, net cash provided by financing activities increased by $2.3 billion for the year ended December 31, 2008 as compared to the prior year. In 2008 the Company reduced securities lending activities in line with market conditions, which resulted in a decrease of $20.0 billion in the cash collateral received in connection with the securities lending program. Partially offsetting this decrease was a net increase of $15.8 billion in policyholder account balances, which primarily reflected the Company’s increased level of funding agreements with the FHLB of NY and with MetLife Short Term Funding LLC, an issuer of commercial paper (See “Extraordinary Market Conditions” and “Liquidity and Capital Sources - Global Funding Sources”). The Company also experienced a $6.9 billion increase in cash collateral received under derivatives transactions, primarily as a result of the improvement in estimated fair value of the derivatives. The cash collateral received under derivatives transactions is invested in cash, cash equivalents and other short-term investments, which partly explains the major increase in this category of liquid assets. The Company increased short-term debt by $2.0 billion in 2008 compared with a decrease of $0.8 billion in 2007, which primarily reflected new activity at MetLife Bank, which borrowed $1.0 billion from the Federal Reserve Bank of New York under the Term Auction Facility and entered into $0.7 billion of short-term borrowing from the FHLB of NY in order to fund mortgage origination activity acquired by the Company in 2008 and provide a cost effective substitute for cash collateral received in connection with securities lending. In 2008 the net cash paid related to collateral financing arrangements was $0.5 billion resulting from the incurrence of price returns, which compares to $4.9 billion of cash provided by collateral financing arrangement transactions completed in 2007, as market conditions in 2008 reduced the availability and attractiveness of such financing. In 2008, there was a net issuance of $0.7 billion of long-term debt and junior subordinated debentures, compared to a net issuance in 2007 of $1.1 billion. Finally, in order to strengthen its capital base, in 2008 the Company reduced its level of common stock repurchase activity by $0.5 billion compared with 2007 only repurchasing $1.3 billion of common stock in 2008 as compared to $1.8 billion in 2007 and issued $3.3 billion of stock compared with no issuance in 2007. The Company also paid dividends on the preferred stock and common stock of $0.7 billion which was comparable to the dividends paid in 2007. | 432 | 10K |
4416 | 1,830 | The fair values of the 8.0% Notes and the 2010 term loan facility (both as defined in Note 9) as of June 30, 2011 were approximately $1,222.0 million and $806.9 million, respectively, based upon stated market prices. The fair values of the 7.750% Senior Notes and the 10.375% Senior Discount Notes (both as defined in Note 9) were approximately $355.3 million and $493.2 million, respectively, based upon significant unobservable inputs including interest rates, maturity and credit ratings as of June 30, 2011. The fair values are subject to change as market conditions change. | 93 | 10K |
1925 | 399 | earnings potential. Some of the factors considered in evaluating whether a decline in fair value is other than temporary are: - The Company's ability and intent to retain the investment for a period of time sufficient to allow for an anticipated recovery in value; - The recoverability of principal and interest; - The duration and extent to which the fair value has been less than amortized cost for fixed income securities; - The financial condition, near-term and long-term prospects of the issuer, including relevant industry conditions and trends, and implications of rating agency actions and offering prices; and - The specific reasons that a security is in a significant unrealized loss position, including market conditions which could affect liquidity. | 119 | 10K |
PhoenixGroupHoldingsPLC-AR_2013 | 629 | For further details of the Level 1 risk categories Turn to note 39 of the IFRS consolidated financial statements 45 PHOENIX GROUP HOLDINGS ANNUAL REPORT AND ACCOUNTS 2013 | 28 | annual_report |
TopdanmarkAS-AR_2010 | 685 | PROFIT / (LOSS) FOR THE YEAR 1,692 1,271 (189) 1,446 1,168 | 11 | annual_report |
3814 | 857 | Homesite is reported as a component of other invested assets. Alleghany’s interest in Homesite is included in corporate activities for segment reporting purposes, and is accounted for under the equity-method of accounting. | 32 | 10K |
2115 | 384 | Our practice management segment earnings in 2002 decreased compared to 2001 primarily as a result of a decrease in client revenue combined with an increase in expenses. Client revenue decreases stem from a reduction in non-recurring consulting assignments; as medical practice income comes under increasing pressure due to reductions in the payer system, physicians have less discretionary funds available for consultant engagements. Expense decreases are due to the cessation of goodwill amortization due to the implementation of SFAS 142 beginning January 1, 2002, offset by expenses associated with the transition of client service for two of the former owners as they moved towards the expiration of their employment contracts at the end of 2002 and other transitional costs associated with the continued integration of the purchased companies. | 127 | 10K |
4198 | 982 | At December 31, 2010, furniture, fixtures and equipment includes $39,220 of capitalized costs related to equipment that has not yet been placed in-service. The Company expects to begin using the equipment in 2011 at which time it will begin depreciating the asset. | 42 | 10K |
Sampoplc-AR_2020 | 71 | Sampo’s share of Nordea’s net profit for 2020, excluding the accounting impacts of the sale of Nordea shares in | 19 | annual_report |
5958 | 1,923 | Homeowners loss ratio increased 2.5 points in 2020 compared to 2019, primarily due to higher catastrophe losses and increased claim severity, partially offset by favorable catastrophe reserve reestimates driven by subrogation settlements, increased premiums earned and improved claim frequency. | 39 | 10K |
5450 | 1,216 | The risk-free rate was determined based on U.S. treasury yields that most closely approximated the option’s expected life. The dividend yield for 2017 was determined based on the average annualized quarterly dividends paid during the most recent | 37 | 10K |
PhoenixGroupHoldingsPLC-AR_2020 | 1,380 | The Group continues to assess new inorganic growth opportunities and applies a clear set of criteria to assessing these opportunities. | 20 | annual_report |
RSAInsuranceGroupPLC-AR_2020 | 1,526 | The performance measures and targets used to inform the 2020 bonus awards are on pages 60 to 65. | 18 | annual_report |
5166 | 1,420 | We have a $200.0 million credit agreement which expires in November 2018, with an option to increase the facility to $300.0 million assuming no default and satisfaction of certain other conditions. The agreement also includes a $50 million sub-facility for standby letters of credit that can be used for general corporate purposes. Borrowings, if any, under the agreement are unsecured and incur interest at a rate per annum equal to, the higher of (a) the prime commercial lending rate of the administrative agent, (b) the Federal Funds Rate plus half of a percent, or (c) the one month Adjusted LIBOR plus one percent and any applicable margin. The agreement contains financial covenants including, but not limited to, maintaining at least a certain level of consolidated equity, maximum consolidated leverage ratios and requires certain of our subsidiaries to maintain a minimum RBC ratio. We had no borrowings under this agreement during 2015, 2014 and 2013. | 154 | 10K |
2186 | 1,113 | White Mountains’ corporate bond portfolio posted strong results in 2003, reflecting successful credit work and portfolio management. This portfolio’s duration was reduced from 4.8 to 4.2 years during 2003, while total fixed-income portfolio duration went from 3.5 to 2.8 years. While shrinking both the corporate bond portfolio’s size and duration, WM Advisors sought to upgrade the potential return of holdings relative to their default and downgrade risk. | 67 | 10K |
NatixisSA-AR_2011 | 8,450 | SGAR Supervision et gestion active des risques/Supervision and active management of risks | 12 | annual_report |
fr_axa-AR_2006 | 5,908 | Membership in a professional body: Mazars & Guérard is registered as a statutory auditor with the Compagnie Régionale des Commissaires aux Comptes de Paris. | 24 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020 | 1,325 | To make use of this exception under IFRS 4, it was necessary to document on the basis of the financial statements as at 31 December 2015 that most of the | 30 | annual_report |
2313 | 988 | 2003 COMPARED TO 2002 -- Revenues increased as a result of realized gains in 2003 as compared to realized losses in 2002. See the Investments section for further discussion of investment results and related realized capital gains and losses. Also contributing to the increased revenues were higher earned premiums and net investment income in the Investment Products segment as compared to the prior year. The increase in earned premiums in Investment Products is attributed to higher sales in the institutional investment products business specifically in the terminal funding and structured settlement businesses. Additionally, net investment income increased due to higher general account assets in the individual annuity business and growth in assets in the institutional investments business. Fee income in the Investment Products segment was higher in 2003 compared to a year ago, as a result of higher average account values, specifically in individual annuities and mutual fund businesses, due primarily to stronger variable annuity sales. The Individual Life segment reported an increase in revenues in 2003 compared to a year ago driven by increases in fees and cost of insurance as life insurance in-force grew and aged, and variable universal life account values increased 30% due primarily to the growth in the equity markets. In addition, Group Benefits experienced an increase in revenues driven by increases in net investment income and earned premiums in 2003 as compared to a year ago. Partially offsetting these increases were lower fee income and net investment income in the COLI segment. The decrease in COLI net investment income for 2003 was primarily due to lower average leveraged COLI account values as a result of surrender activity. In addition, COLI had lower fee income due in part to lower sales in 2003, as compared to the prior year. | 294 | 10K |
ScorSE-AR_2014 | 3,729 | At the end of 2009, SCOR decided to fully review all its Finance applications by launching a Group wide “one ledger” Program. The main objective of this Program is to simplify, through an innovative approach based around SAP, and vastly improve the Finance function for all SCOR entities. This program includes: one single chart of accounts (with minimum local specificities, aligned with existing source systems); one system for one IT solution; streamlined, integrated and standardized processes across the Group; limited and automatized mappings between systems; extended capabilities for Reporting (including drilldown from Financial to source system data); enhanced audit trail. | 106 | annual_report |
gb_prudential-AR_2012 | 653 | IFRS operating profi t is based on longer-term investment return assumptions rather than actual investment returns arising in the year. The difference between actual investment returns recorded in the income statement and longer-term returns is shown in the analysis of profi ts as short-term fl uctuations in investment returns. | 49 | annual_report |
StandardLifeAberdeenPLC-AR_2012 | 1,737 | The floating rate financial assets principally comprise cash and deposit balances which earn interest at rates which fluctuate according to money market rates. | 23 | annual_report |
5571 | 2,713 | The following tables present total fixed maturity securities AFS, based on estimated fair value, by sector classification and by NRSRO rating and the applicable NAIC designations from the NAIC published comparison of NRSRO ratings to NAIC designations, except for certain Structured Securities, which are presented using the revised NAIC methodologies as described above: | 53 | 10K |
NatwestGroupPLC-AR_2015 | 2,639 | Banking and Commercial Banking has driven increased client introductions and on-boarding. | 11 | annual_report |
AegonNV-AR_2016 | 2,223 | With regard to the oversight of the operation of the risk management framework and risk control systems, including supervising the enforcement of relevant legislation and regulations, the Audit Committee operates in close coordination with the Risk Committee as established by the Board. Certain committee members partake in both committees and a combined meeting of the Audit and Risk Committees is scheduled on an annual basis. | 65 | annual_report |
4375 | 1,484 | We operate in a regulatory environment where certain entities and organizations have the authority to require us to participate in assessments. Currently these entities and organizations include, but are not limited to, FIGA, Citizens, FHCF and JUA. | 37 | 10K |
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