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NNGroupNV-AR_2013 | 347 | Conclusions The majority of the closed-block SPVA portfolio is projected to run off relatively quickly. The focus is on prudently managing risks via hedging to release capital, as well as on cost and efficiency management. | 35 | annual_report |
SwissReAG-AR_2001 | 707 | The Group is typically exposed only once the aggregate credit losses in the portfolio (net of any recovery amount) exceed this retained first loss position. Each portfolio credit default swap can be tranched into layers of increasing credit quality, from “equity” (i.e. first loss position) to “Super-Senior” (i.e. with better than “AAA” quality). The Group has over 90% of its notional exposure assigned to the “Super-Senior” category. | 67 | annual_report |
4925 | 553 | Gross written premiums increased by 24.3% to $4,437.5 million in 2013 compared to $3,569.4 million in 2012, reflecting a $676.5 million, or 26.8%, increase in our reinsurance business and a $191.6 million, or 18.3%, increase in our insurance business. The increase in reinsurance premiums was mainly due to the impact of a Florida quota share reinsurance contract as well as new business, increased participations on existing business, and higher original rates on subject business. Excluding the year over year impact of the large Florida quota share reinsurance contract, gross written premiums increased 16.9% and reinsurance premiums increased 16.4%, compared to the prior year. The increase in insurance premiums was primarily due to the growth in California workers’ compensation, crop and non-standard auto business. Net written premiums increased by 25.2% to $2,117.4 million in 2013 compared to $1,691.6 million in 2012, which is consistent with the increase in gross written premiums. Premiums earned increased by 13.1% to $2,006.4 million in 2013, compared to $1,773.9 million in 2012. Unlike written premiums, premiums earned were minimally impacted by the Florida quota share reinsurance contract. The change in premiums earned was comparable to net written premiums, excluding the impact of the Florida quota share reinsurance contract. | 202 | 10K |
Sampoplc-AR_2005 | 141 | The total fees paid to the auditor for services rendered and invoiced were EUR 1,908,391. In addition, Ernst & Young Oy were paid fees for non-audit services rendered and invoiced totalling EUR 368,662. | 33 | annual_report |
AegonNV-AR_2005 | 838 | Sensitivity analysis of net income and shareholders’ equity to equity and real estate markets is presented in table 10 on page 60. | 22 | annual_report |
4673 | 574 | The National Programs Division’s total revenues in 2011 decreased $11.6 million, or 6.6% to $164.4 million from 2010. Profit-sharing contingent commissions and GSCs in 2011 decreased $8.0 million from 2010, of which $2.9 million related to our condominium program at Florida Intracoastal Underwriters, Limited Company (“FIU”), and $4.4 million related to Proctor. The decrease in FIU’s profit-sharing contingent commissions in 2011 was principally attributable to fact that in 2010, FIU received a higher amount of profit-sharing contingent commissions because they included a delayed 2009 payment. Proctor’s decreased profit-sharing contingent commissions were the direct result of the lower premiums generated by Proctor in 2010. Of the $3.4 million net decrease in core commissions and fees for National Programs: (i) an increase of approximately $1.1 million related to the core commissions and fees revenue from acquisitions that had no comparable revenues in the same period of 2010, and (ii) a net decrease of $4.5 million was primarily related to net lost business. Therefore, the National Programs Division’s negative growth rate for core organic commissions and fees revenue was (3.0)% for 2011. Of the $4.5 million of net lost business, $4.4 million related to Proctor, and was primarily the result of its loss of a large customer, $1.5 million related to our CalSurance® operations and $1.1 million related to FIU, all of which was partially offset by a $1.3 million increase related to our public entity business and a $1.2 million net aggregate increase attributable to the other programs in the Division. | 249 | 10K |
2756 | 600 | Included in the table above are $408.4 million and $410.1 million of fixed maturities and $3.5 million and $7.2 million of short-term investments classified by the Company as trading securities in 2005 and 2004, respectively. | 35 | 10K |
4893 | 1,885 | arrears at 3-month LIBOR plus a margin of 2.25%, which is subject to change depending upon our total outstanding debt to capitalization. This facility replaced the $20.0 million outstanding under our previous facility and the $22.2 million of promissory notes which were issued in conjunction with the repurchase of our shares in April 2013. | 54 | 10K |
3724 | 2,106 | We perform internal loss reserve studies for all product lines at least once a year; the timing of such studies varies throughout the year. Additionally, each quarter for most product lines, we review the emergence of actual losses relative to expectations. If warranted from findings in loss emergence tests, we will accelerate the timing of our product line reserve studies. Finally, loss reserve studies are performed annually by external third-parties and the findings are used to test the reasonability of our internal findings. | 83 | 10K |
NatixisSA-AR_2010 | 3,207 | Real estate funds are generally set up by NGAM, but it may only be manager of a portfolio of real estate assets under a portfolio management mandate entered into with a third party. Its role is strictly defi ned by the portfolio management agreement, which never provides it with effective control of the structure. | 54 | annual_report |
nl_ing_grp-AR_2013 | 6,016 | Risk governance, risk management and business model 5 Summarise the bank’s risk management organisation, processes and key functions 247 - 250 6 Bank's risk culture, related procedures and strategies 251 7 Key risks arising from business model, risk appetite and how risks are managed 250, 252 - 254 8 Use of stress testing within the bank’s risk governance and capital frameworks 254 - 258 | 64 | annual_report |
AegonNV-AR_2012 | 963 | Most (insurance) liabilities of Aegon the Netherlands are nominal and long-term. Based on their characteristics, a long-term liability-driven benchmark is derived. Scenarios and optimization analyses are conducted with respect to the asset classes fixed income, equities and real estate. Various subclasses, such as commodities, hedge funds and private equity, are also included in the analyses. The result is an optimal asset allocation representing different investment risk-return profiles. | 67 | annual_report |
de_allianz-AR_2017 | 75 | Information for Reports by the Board of Management to the Supervisory Board, the preparations for the Annual | 17 | annual_report |
4248 | 997 | In property classes, there can be additional uncertainty in loss estimation related to large catastrophe events. With wind events, such as hurricanes, the damage assessment process may take more than a year. The cost of rebuilding may increase due to supply shortages for construction materials and labor. In the case of earthquakes, the damage assessment process may take several years to discover structural weaknesses not initially detected in buildings. The uncertainty inherent in loss estimation is particularly pronounced for casualty coverages, such as umbrella liability, general and product liability, professional liability and automobile liability, where information, such as required medical treatment and costs for bodily injury claims, emerges over time. In the overall loss estimation process, provisions for economic inflation and changes in the social and legal environment are considered. | 130 | 10K |
RSAInsuranceGroupPLC-AR_2011 | 1,067 | Long Term Incentive Plan (LTIP) The Group’s long-term incentive plan (LTIP) was introduced in 2006 to drive sustainable, long-term returns and it covers Executive Directors, the Executive Team and Top 100. There are three main types of award that can be granted to participants and these are covered on page 63. LTIP awards are funded through a combination of new issue and market purchase shares. | 65 | annual_report |
2676 | 804 | Mr. Stonecipher and his wife, Shirley A. Stonecipher, own Stonecipher Aviation LLC ("SA") and Mr. and Mrs. Stonecipher together with Wilburn L. Smith, our National Marketing Director and formerly our President and one of our directors , own S & S Aviation LLC ("S&SA"). We had agreed to reimburse SA and S&SA for certain expenses pertaining to trips made by Company personnel for Company business purposes using aircraft owned by SA and S&SA. Such reimbursement represents the pro rata portion of direct operating expenses, such as fuel, maintenance, pilot fees and landing fees, incurred in connection with such aircraft based on the relative number of flights taken for Company business purposes versus the number of other flights during the applicable period. No reimbursement is made for depreciation, capital expenditures or improvements relating to such aircraft. During 2004, 2003 and 2002, we paid $329,000, $307,000 and $397,000, respectively, to SA and paid $561,000, $592,000 and $436,000 to S&SA during 2004, 2003 and 2002, respectively, as reimbursement for such transportation expenses. | 169 | 10K |
TopdanmarkAS-AR_2010 | 72 | Most of the insurance companies in the Danish market have given notice of price increases, taking effect in 2010 and 2011, particularly for house and contents polices due to recent years' growth in theft, fire and weather-related claims. Towards the end of the year several companies also increased prices in the SME market. A number of companies have also given notice of price increases on accident, agricultural and health policies and for new business in change of ownership insurance. | 79 | annual_report |
HannoverRueckSE-AR_2014 | 2,384 | Net book value at 31 December of the previous year 5,179 8 247,400 952,451 68,827 | 15 | annual_report |
1802 | 280 | In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial position of Ascent Assurance, Inc. and its subsidiaries at December 31, 2001 and December 31, 2000, and the results of their operations and their cash flows for the years ended December 31, 2001 and 2000 and nine months ended December 31, 1999 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedules listed in the accompanying index present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedules are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements and financial statement schedules based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. | 234 | 10K |
NatixisSA-AR_2012 | 1,630 | An expert in public sector authorities and regional economic development, Didier Patault brings his fi nancial management expertise and his thorough knowledge of the Caisse d’Epargne network to Natixis’ Board of Directors. | 32 | annual_report |
fr_axa-AR_2006 | 856 | 66% – 09/05/2004 100% – 09/05/2005 50% – 30/05/2004 75% – 30/05/2005 100% – 30/05/2006 66% – 27/02/2005 100% – 27/02/2006 66% – 14/03/2006 100% – 14/03/2007 66% – 14/03/2006 100% – 14/03/2007 66% – 02/04/2006 100% – 02/04/2007 66% – 26/03/2007 100% – 26/03/2008 66% – 14/04/2007 100% – 14/04/2008 66% – 29/03/2008 100% – 29/03/2008 66% – 29/03/2008 100% – 29/03/2008 66% – 06/06/2008 100% – 06/06/2008 66% – 27/06/2008 100% – 27/06/2008 66% – 01/07/2008 100% – 01/07/2008 66% – 28/07/2008 100% – 28/07/2008 66% – 21/09/2008 100% – 21/09/2008 66% – 31/03/2009 100% – 31/03/2010 66% – 31/03/2009 100% – 31/03/2010 66% – 25/09/2009 100% – 25/09/2010 | 111 | annual_report |
4787 | 588 | The following table contains the sector distribution of the Company’s corporate fixed maturity investment portfolio, calculated as a percentage of fixed maturities: | 22 | 10K |
PhoenixGroupHoldingsPLC-AR_2015 | 3,076 | 5 25/28 North Wall Quay, Dublin 1, Ireland. 6 Ugland House, Grand Cayman, Cayman Islands, KY1-1104. | 16 | annual_report |
4370 | 2,371 | Following is an overview of modeled losses for Chartis exposure associated with the more significant natural perils. The modeled results assume that all reinsurers fulfill their obligations to AIG in accordance with their terms. | 34 | 10K |
AegonNV-AR_2018 | 5,452 | with the projected unit credit method at the end of the reporting period) has been applied as when calculating the pension liability recognized within the statement of financial position. | 29 | annual_report |
4283 | 1,154 | In January 2009, we entered into forward starting pay fixed swaps with an aggregate notional amount of $800.0. The objective of these hedges was to eliminate the variability of cash flows in the interest payments on the debt securities issued in February 2009. These swaps were terminated in February 2009, and we paid a net $3.2, the net fair value at the time of termination. In addition, we recorded a loss of $2.1, net of tax, in other comprehensive income. Following the February 5, 2009 issuance of debt securities, the unamortized fair value of the forward starting pay fixed swaps included in accumulated other comprehensive income began amortizing into earnings, as an increase to interest expense. The hedged debt securities have maturity dates ranging from 2014 to 2036. | 128 | 10K |
422 | 388 | Management's discussion and analysis of financial condition and results of operations of the Company for the three years ended December 31, 1996 follows. In connection with, and because it desires to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company cautions readers regarding certain forward-looking statements contained in the following discussion and elsewhere in this report and in any other statements made by, or on behalf of, the Company, whether or not in future filings with the SEC. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results, or other developments. In particular, statements using verbs such as "expect," "anticipate," "believe," or words of similar import generally involve forward-looking statements. Without limiting the foregoing, forward-looking statements include statements which represent the Company's beliefs concerning future or projected levels of sales of the Company's products, investment spreads or yields, or the earnings or profitability of the Company's activities. | 164 | 10K |
SwissReAG-AR_2020 | 3,192 | Technology • Substitution of existing products and services with lower emissions options • Costs to transition to lower emissions technology | 20 | annual_report |
2666 | 658 | The provision for income tax expense attributable to income from continuing operations consists of the following (in thousands): | 18 | 10K |
4167 | 1,482 | impairment related to all other factors is reported in accumulated other changes in equity from nonowner sources. | 17 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 3,787 | Aberdeen Asia Pacific III Ex-Co-Investment, L.P.13 Limited partnership 0% Aberdeen Asia Pacific III, L.P.13 Limited partnership 0% Aberdeen ASIF Carry LP4 Limited partnership 25% Aberdeen Asset Investment Group Limited5 Ordinary shares 100% Aberdeen Asset Investments Limited5 Ordinary shares 100% Aberdeen Asset Management Cayman Limited13 Ordinary shares 100% Aberdeen Asset Management Denmark A/S14 Ordinary shares 100% Aberdeen Asset Management Finland Oy15 Ordinary shares 100% Aberdeen Asset Management Sweden AB16 Ordinary shares 100% Aberdeen Asset Management US GP Control LLC17 Limited liability company 100% Aberdeen Asset Managers (Luxembourg) S.a.r.l. 18 Ordinary shares 100% Aberdeen Asset Managers Limited4 Ordinary shares 100% Aberdeen Asset Middle East Limited19 Ordinary shares 100% Aberdeen Capital Management LLC20 Limited liability company 100% Aberdeen Capital Managers GP LLC21 Limited liability company 100% Aberdeen Claims Administration, Inc. 22 Ordinary shares 100% Aberdeen Co-Investment Mandate LP4 Limited partnership 0% Aberdeen Direct Property (Holding) Limited5 Ordinary shares 100% Aberdeen do Brasil Gestao de Recursos Ltda23 Limited liability company 100% Aberdeen Emerging Asia Fund, L.P.13 Limited partnership 0% Aberdeen Emerging Asia Pacific II (Offshore), L.P.13 Limited partnership 0% Aberdeen Emerging Asia Pacific III Ex-Co-Investments, L.P.13 Limited partnership 0% Aberdeen Emerging Capital Limited24 Ordinary shares 100% Aberdeen Energy & Resource Company IV, LLC25 Limited liability company 73% Aberdeen Energy & Resources Partners IV, L.P. 25 Limited partnership 1% Aberdeen European Infrastructure Carry GP Limited4 Ordinary shares 100% Aberdeen European Infrastructure Carry Limited4 Ordinary shares 100% Aberdeen European Infrastructure Co-Invest II LP5 Limited partnership 0% Aberdeen European Infrastructure GP II Limited5 Ordinary shares 100% Aberdeen European Infrastructure GP III Limited5 Ordinary shares 100% Aberdeen European Infrastructure GP Limited5 Ordinary shares 100% Aberdeen European Infrastructure Partners Carry II LP4 Limited partnership 25% Aberdeen European Infrastructure Partners Carry LP4 Limited partnership 25% Aberdeen European Infrastructure Partners II LP11 Limited partnership 3% Aberdeen European Infrastructure Partners III LP Limited partnership 1% Aberdeen European Infrastructure Partners LP4 Limited partnership 3% Aberdeen European Residential Opportunities Fund SCSp26 Limited partnership 1% Aberdeen France S.A.27 Ordinary shares 100% Aberdeen Fund Distributors LLC22 Limited liability company 100% Aberdeen Fund Management II Oy15 Ordinary shares 100% Aberdeen Fund Management Ireland Limited28 Ordinary shares 100% Aberdeen Fund Management Oy15 Ordinary shares 100% Aberdeen General Partner 1 Limited4 Ordinary shares 100% Aberdeen General Partner 2 Limited4 Ordinary shares 100% Aberdeen General Partner CAPELP Limited13 Ordinary shares 100% Aberdeen General Partner CGPLP Limited13 Ordinary shares 100% Aberdeen General Partner CMENAPELP Limited13 Ordinary shares 100% Aberdeen General Partner CPELP II Limited13 Ordinary shares 100% Aberdeen General Partner CPELP Limited13 Ordinary shares 100% Aberdeen Global Absolute Return Strategies Fund5 Ordinary shares 100% Aberdeen Global ex-Japan FoF's LP13 Limited partnership 6% Aberdeen Global ex-Japan GP Limited13 Ordinary shares 100% Aberdeen Global Infrastructure Carry GP Limited4 Ordinary shares 100% Aberdeen Global Infrastructure GP II Limited29 Ordinary shares 100% Aberdeen Global Infrastructure GP Limited29 Ordinary shares 100% Aberdeen Global Infrastructure Partners Carry LP4 Limited partnership 25% Aberdeen Global Infrastructure Partners II Carry LP4 Limited partnership 25% Aberdeen Global Infrastructure Partners II LP4 Limited partnership 0% | 493 | annual_report |
5697 | 755 | A mid-year Aggregate cover is purchased which consists of a $35 million annual limit after satisfaction of a $40 million annual aggregate deductible. Subject loss is $35 million excess of $5 million of each catastrophe. This cover was placed at 87.75% on July 1, 2019, and remains in place until June 30, 2020. | 53 | 10K |
5602 | 9,578 | We plan to adopt the standard retrospectively on its effective date of January 1, 2019. We do not expect the standard to have a material impact on our reported consolidated financial condition, results of operations, cash flows or required disclosures. | 40 | 10K |
41 | 354 | (a) See discussion in Note 3(a). (b) Including U.S. tax on foreign income. | 13 | 10K |
3243 | 1,739 | The Company commits to lend funds under bank credit facilities and bridge loans. The amounts of these unfunded commitments were $1.9 billion and $346 million at December 31, 2006 and 2005, respectively. The purpose of these commitments and any related fundings is to enhance the Company’s total return on its investment portfolio. There are no other obligations or liabilities arising from such arrangements that are reasonably likely to become material. | 70 | 10K |
StandardLifeAberdeenPLC-AR_2013 | 655 | Rights attached to shares Subject to applicable statutes, any resolution passed by the Company under the Companies Act 2006 and other shareholders’ rights, shares may be issued with such rights and restrictions as the Company may decide by ordinary resolution, or (if there is no such resolution or if it does not make specific provision) as the Board may decide. Subject to the Articles, the Companies Act 2006 and other shareholders’ rights, unissued shares are at the disposal of the Board. | 81 | annual_report |
3366 | 1,022 | The decrease in the pre-tax book yield of U.S. Mortgage Insurance Operations, Financial Guaranty and Corporate and Other in 2007 was due to interest rate decreases during the year. The increase in pre-tax book yield of International Operations in 2007 was primarily due to the rising interest rates in Australia. | 50 | 10K |
4390 | 975 | The Company utilizes one nationally recognized pricing service to estimate the majority of its available-for-sale investment portfolio’s fair value. The Company obtains one price per security and the processes and control procedures employed by the Company are designed to ensure the value is accurately recorded on an unadjusted basis. Through discussions with the pricing service, the Company gains an understanding of the methodologies used to price the different types of securities, that the data and the valuation methods utilized are appropriate and consistently applied, and that the assumptions are reasonable and representative of fair value. To validate the reasonableness of the valuations obtained from the pricing service, the Company compares to other fair value pricing information gathered from other independent pricing sources. At December 31, 2011, the Company did not adjust any of the prices received from the pricing service. | 140 | 10K |
5446 | 1,352 | The Company provides a variety of guarantees and indemnifications to its customers and others. The maximum potential amount of future payments represents the notional amounts that could become payable under the guarantees and indemnifications if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or other methods. These amounts may bear no relationship to the expected future payments, if any, for these guarantees and indemnifications. Any anticipated amounts payable are included in the Company’s Consolidated Financial Statements, and are recorded at fair value. | 91 | 10K |
SwissReAG-AR_1968 | 54 | To succeed these outgoing members the Board will no minate for election at this year's General Meeting, Mr. Max Troendle, former Ambassador and Swiss Commis sioner-General for the World Fair in Osaka in 1970, as well as Mr. Hans Ulrich, Professor Ordinarius for Manage ment Policy, Methodics of Business Management and Or ganization at the Graduate School, St. Gall. The Board is confident that with their wide knowledge and great ex perience these two gentlemen will prove valuable members. | 79 | annual_report |
3603 | 626 | At December 31, 2007, there were no fixed income securities or other investments that were non-income producing. | 17 | 10K |
4490 | 1,232 | None of the Company’s other subsidiaries or branch operations are under an examination in any of the jurisdictions in which they operate, but they generally remain subject to examination for tax years 2007-2011. As of December 31, 2011 and 2010, the Company had no uncertain tax positions. | 47 | 10K |
de_allianz-AR_2013 | 1,659 | Expenses from fully consolidated private equity investments 32 (741) (847) Total expenses (91,772) (93,040) | 14 | annual_report |
5952 | 1,555 | For 2020, 2019 and 2018, the vast majority of industrial noninsurance revenues were recognized as goods and services transferred to customers over time. | 23 | 10K |
SwissLifeHoldingAG-AR_2013 | 1,005 | Premiums, policy fees and deposits received, net of reinsurance 14 385 13 169 | 13 | annual_report |
Sampoplc-AR_2012 | 1,527 | More detailed distribution of reinsurance receivables and reinsurers’ portion of outstanding claims in If P&C on 31 December 2012 per rating category is presented in the table Reinsurance recoverables, If P&C, 31 December 2012 and 31 December 2011. In the table, EUR 157 million (EUR 164 million in 2011) are excluded, which mainly relates to captives and statutory pool solutions. | 60 | annual_report |
3382 | 1,201 | Because securities issued by the same issuer with different CUSIP numbers typically have different investment characteristics, such as secured or unsecured, shorter or longer maturities, or different interest rates, management’s analyses of unrealized and realized losses are performed at the CUSIP number level. The Company also considers the credit condition of issuers at the entity level and considers various issues affecting an issuer collectively as facts and circumstances warrant. | 69 | 10K |
4419 | 2,208 | Interest expense increased largely related to the consolidation of certain securitization entities as of January 1, 2010 and debt issued in the fourth quarter of 2009 and in 2010. | 29 | 10K |
3608 | 811 | MMC’s actions under the first phase of the 2006 cost-savings initiative are substantially completed, except for certain actions related to MMC’s New York headquarters building. | 25 | 10K |
4145 | 1,096 | Across the Reinsurance segment, market conditions during 2009 remained stable but competitive, with the majority of classes experiencing flat rate movement. US property catastrophe margins improved as rates increased by up to 8% on an exposure adjusted basis. Non-US catastrophe rates were generally flat, but there was rate fluctuation in some territories from -5% to +5%. Non-catastrophe property lines of business showed flat rates for the year. Loss activity provided momentum to increase aviation rates by 10% across the sector. | 80 | 10K |
5097 | 716 | Premiums earned, losses and settlement expenses incurred, and the corresponding loss and settlement expense ratios, by line of business for each segment and on a consolidated basis, for the two years ended December 31, 2014 are as follows: | 38 | 10K |
1874 | 383 | (1)Net premiums written are premiums for all policies sold during a specific accounting period less premiums returned. (2)Statutory loss ratio measures net losses incurred as a percentage of net premiums earned. (3)Statutory loss adjustment expense ratio measures loss adjustment expenses as a percentage of net premiums earned. (4)Statutory underwriting expense ratio measures underwriting expenses as a percentage of net premiums written. (5)Statutory combined ratio measures the percentage of premium dollars used to pay insurance losses, loss adjustment expenses and underwriting expenses. (6)Statutory policyholders' surplus is equal to an insurance company's admitted assets minus liabilities. | 94 | 10K |
NatwestGroupPLC-AR_2014 | 1,233 | Further information is set out on page 99; • The adequacy of loan impairment provisions, focusing particularly on the judgements and methodology applied to provisions in RCR, given the exit strategy for the business and sensitivity to market conditions. The Committee was satisfied that the overall loan impairment provisions and underlying assumptions and methodologies were reasonable and applied consistently; • Valuation methodologies and assumptions for financial instruments carried at fair value including RBS’s credit market exposures and own liabilities assessed at fair value; • The appropriateness of the carrying value of goodwill and other intangible assets. Particular consideration was given to the classification of Citizens Financial Group (CFG) in light of the Initial | 113 | annual_report |
1346 | 310 | To date, the Company has not experienced any note worthy system or application failures during the Year 2000 transition periods. Although some incidents were identified, a large percentage of the issues related to date and time stamps that contained erroneous values in the year field presented on reports or on-line screens. Of the few remaining issues not fitting this description, resolutions were either implemented in an expedient and efficient manner or procedures designed to mitigate customer impacts were adopted. | 79 | 10K |
ASRNederlandNV-AR_2017 | 2,007 | The results of the annual goodwill impairment test are as follows: Segment Life The goodwill impairment test was conducted at the segment Life level as CGU. The result of the goodwill impairment test, using the multiples methodology, shows an excess recoverable value over the book value. As a result, a second step was not necessary and there is no significant exposure of goodwill impairment for sensitivities in the underlying assumptions. No goodwill impairment was recognised. | 75 | annual_report |
ScorSE-AR_2013 | 6,760 | - The headcount is calculated on the basis of the employees registered at 31 December on fixed-term contracts (working contract signed directly between SCOR and the individual with a defined ending date) or permanent contracts (working contract signed directly between SCOR and the individual for an unlimited period). Trainees are employees paid by the company under a tripartite agreement between the company, the school and the student. | 67 | annual_report |
5917 | 1,500 | The Company presents both basic and diluted net income per share (“EPS”) amounts. Basic EPS is calculated by dividing net income by weighted average number of common shares outstanding during the year (including 7,767,874 common shares held in a grantor trust). The common shares held in the grantor trust are for delivery upon settlement of vested but mandatorily deferred restricted stock units ("RSUs"). Shares held by the grantor trust do not affect diluted shares outstanding since the shares deliverable under vested RSUs were already included in diluted shares outstanding. Diluted EPS is based upon the weighted average number of basic and common equivalent shares outstanding during the year and is calculated using the treasury stock method for stock incentive plans. Common equivalent shares are excluded from the computation in periods in which they have an anti-dilutive effect. | 137 | 10K |
2660 | 329 | NOTE D - INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities as of December 31 are as follows: | 53 | 10K |
541 | 509 | Federal tax expense $ 251,532 State taxes, net of federal benefit 29,443 --------- $ 280,975 --------- --------- | 17 | 10K |
de_allianz-AR_2012 | 2,790 | The gross premiums written, total revenues and net income of the combined entity ( Allianz Group including the Property-Casualty brokerage portfolio-related activities of Gan Eurocourtage) for the year ended 31 December 2012, would have been € 72,756 mn, € 107,053 mn and € 5,476 mn, respectively, if the acquisition date was 1 January 2012. | 54 | annual_report |
3980 | 941 | The economic contraction has disproportionately impacted net earned premiums in both Nevada and Florida. Both states experienced double digit unemployment and a decline in tourism. Classes of small businesses that were particularly affected include contractors and restaurants. Declining payrolls due to unemployment and reduced work hours, closures of small businesses and our continued underwriting discipline all contributed to lower premiums in these states. | 63 | 10K |
GjensidigeForsikringASA-AR_2020 | 448 | • Risk management is done by identifying, assessing and managing the significant strategic and business risks. The starting point for this identification is strategic objectives. | 25 | annual_report |
AvivaPLC-AR_2004 | 410 | Life EEV operating profit before tax increased to £1,611 million (2003: £1,496 million) driven by new business and higher operational profits from existing business. Expected returns on existing business and shareholders’ net worth were higher at £1,117 million (2003: £1,034 million) due to the higher start of year embedded value. The net impact of experience variances and operating assumption changes were broadly flat compared to the prior period although there were a significant number of positive and negative variances in our life business. | 83 | annual_report |
StorebrandASA-AR_2006 | 30 | The Storebrand group is a leading player in the market for long-term savings and insurance. The group’s business areas are life insurance, property and casualty insurance, asset management and banking, representing a comprehensive product range for private individuals, companies, municipalities and independent public sector entities. | 45 | annual_report |
2110 | 455 | Each year, our goal is to acquire companies with revenues equal to at least 10% of our prior year’s consolidated total revenues. | 22 | 10K |
4652 | 1,606 | Revenues from our Gibraltar Life and Other operations increased $6,546 million including a favorable impact of $331 million from currency fluctuations. Excluding currency fluctuations, revenues increased $6,215 million. Premiums and policy charges and fee income increased $4,933 million, of which $2,920 million was associated with the acquired Star and Edison Businesses. Excluding Star and Edison, the increase in premiums and policy charges and fee income was primarily driven by growth within the bank distribution channel including $1,062 million higher sales of single premium reduced death benefit whole life policies. Net investment income increased $1,028 million primarily reflecting income on the acquired assets from Star and Edison and to a lesser extent, continued growth of our fixed annuity products. Also contributing to the increase in revenues is higher other income, primarily reflecting the impact of the partial sales of our indirect investment in China Pacific Group as discussed above. | 148 | 10K |
1944 | 650 | Change in Deferred Acquisition Costs, Net. Deferred acquisition costs include costs and expenses that vary with and are primarily related to the acquisition of insurance and investment contracts. These costs and expenses include commissions, printing, underwriting, policy issuance costs, and the bonus feature of certain variable annuity products. Under U.S. GAAP, these costs are deferred and recognized, over time, in relation to either the premiums or gross profits from the underlying contracts. The change in net deferred acquisition costs changed $112.4 million, or 47.3%, to $(125.3) million in 2001 from $(237.7) million in 2000. This decrease is primarily a result of lower variable annuity sales. | 105 | 10K |
HiscoxLtd-AR_2013 | 180 | Our people 2013 was a year that saw substantial changes in Hiscox’s leadership and structure. Robert Hiscox retired as Chairman in February 2013 and was succeeded by Robert Childs, who was previously our Chief Underwriter. Richard Watson, Rob’s successor as Chief Underwriter, was appointed to the Board in May. | 49 | annual_report |
2328 | 925 | The Company's insurance subsidiaries are subject to various regulatory restrictions that limit the maximum amount of dividends available to be paid to their parent without prior approval of the Commonwealth of Massachusetts Commissioner of Insurance (the "Commissioner"). Massachusetts' statute limits the dividends an insurer may pay in any twelve month period, without the prior permission of the Commissioner, to the greater of (i) 10% of the insurer's surplus as of the preceding December 31 or (ii) the insurer's net income for the twelve-month period ending the preceding December 31, in each case determined in accordance with statutory accounting practices. The Company's insurance company subsidiaries may not declare an "extraordinary dividend" (defined as any dividend or distribution that, together with other distributions made within the preceding twelve months, exceeds the limits established by Massachusetts' statute) until thirty days after the Commissioner has received notice of the intended dividend and has not objected. As historically administered by the Commissioner, this provision requires the Commissioner's prior approval of an extraordinary dividend. Under Massachusetts law an insurer may pay cash dividends only from its unassigned funds, also known as earned surplus, and the insurer's remaining surplus must be both reasonable in relation to its outstanding liabilities and adequate to its financial needs. At year-end 2003, the statutory surplus of Safety Insurance was $258,551, and its net income for 2003 was $27,007. A maximum of $27,007 will be available by the end of 2004 for such dividends without prior approval of the Commissioner. | 248 | 10K |
AdmiralGroupPLC-AR_2007 | 110 | Almost the end of the report I’m proud to say that it was another very good year for return on capital. This is the benefit of our model, where we have reinsurers put up the capital pro-rata for their share of the underwriting, but we get profit commissions from them when we make profits and we keep the revenue from everything else we do, like Confused, for ourselves. Although we do sacrifice some profit to get this reinsurance support it gives us a layer of protection against losses and serves to make us capital efficient. A good measure of this is our return on capital, which in 2007 was 58% (2006: 57%). Another important indicator is our return on income - 57% in 2007, up from 53% in 2006. | 129 | annual_report |
5801 | 1,180 | The statute of limitations related to our federal and state income tax returns remains open from our filings for 2016 through 2018. For the 2014 tax year, the federal income tax return was examined by the tax authority resulting in no material adjustments. In April 2019, the Company was notified by the tax authority that the federal income tax returns for the years 2015, 2016 and 2017 will be examined. The Company does not believe the examination will have an adverse impact on our consolidated financial statements. | 87 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 2,459 | (d) Deferred tax assets and liabilities (d)(i) Movements in net deferred tax liabilities 2016 2015 £m £m | 17 | annual_report |
426 | 272 | The property and casualty insurance companies also assume portions of their insurance business from other insurance companies. Assumed premiums earned for the years ended December 31, 1996, 1995 and 1994 were $38,545,000, $33,014,000 and $31,152,000, respectively. | 36 | 10K |
RSAInsuranceGroupPLC-AR_2006 | 1,437 | Reserves – an overview The Group establishes property and casualty loss reserves to account for the anticipated ultimate costs of all losses and related loss adjustment expenses (LAE) on losses that have already occurred. The Group establishes reserves for reported losses and LAE, as well as for incurred but not yet reported (IBNR) losses and LAE. Loss reserve estimates are based on known facts and on interpretation of circumstances including our experience with similar cases and historical claims payment trends. The Group also considers the development of loss payment trends, levels of unpaid claims, judicial decisions and economic conditions. | 99 | annual_report |
4645 | 439 | On February 28, 2013, we purchased real estate in Ocala, Florida for a total purchase price of $2.0 million. The real estate consists of 1.6 acres of land and a vacant office building with gross area of approximately 16,000 square feet. The facility will be used by us primarily in the event a catastrophic event impacts our home office and support operations. | 62 | 10K |
AegonNV-AR_2018 | 1,567 | Mr. Wynaendts and Mr. Rider were based on the 2018 performance of the following individual and Group performance indicators: Objectives Performance indicator Maximum % of variable compensation | 27 | annual_report |
651 | 338 | In connection with the cancellation of a joint venture agreement in 1996, the Company had agreed to pay $500,000 in cash to its former joint venture partner at the time the planned Merger with LaSalle was consummated. As a result of the termination of the Merger Agreement, as discussed in Note 5, the $500,000 payment will not be made. The Agreement with the joint venture partner provided that in the event the Merger with LaSalle was not completed, any payment to the joint venture partner would be determined under a separate calculation as follows: (a) if the Company entered into a transaction similar to the LaSalle transaction in which it was acquired by or merged with another entity, the parties agreed to negotiate a mutually acceptable termination price; (b) if the Company entered into a transaction whereby, as part of a plan to terminate its insurance operations and sell all of its assets, it sold its credit insurance marketing organization to an unrelated third party, the Company agreed to pay its former partner a pro rata share of the proceeds, if any, it receives from the sale of the marketing organization. The Company agreed to make such payments to the joint venture partner as consideration for terminating the venture, which will allow the purchaser of the Company s credit insurance business to retain the profits or losses on credit insurance premiums previously reinsured to the partner. The transaction with LOTS meets the criteria described in (b) above, and the Company therefore will pay approximately 19% of the gross fee revenues received from LOTS to the former partner. | 267 | 10K |
3535 | 566 | Cash provided by operating activities amounted to $659.6 million, $612.1 million, and $926.2 million for 2007, 2006, and 2005, respectively, after net claim payments of $487.7 million, $382.5 million, and $373.0 million, respectively. The principal nonoperating uses of cash and cash equivalents for the three-year period ended December 31, 2007, were for company acquisitions, additions to the investment portfolio, capital expenditures, dividends, distributions to minority shareholders, the repayment of debt and the repurchase of Company shares. The most significant nonoperating sources of cash and cash equivalents were proceeds from the issuance of notes, and proceeds from the sales and maturities of certain marketable and other long-term investments. The net effect of all activities on total cash and cash equivalents was a decrease of $242.3 million for 2007, decrease of $156.3 million for 2006, and an increase of $224.5 million for 2005. | 141 | 10K |
ScorSE-AR_2014 | 3,467 | Mrs. Fields Wicker-Miurin, member of the Compensation and Nomination Committee, managed this assessment by sending a questionnaire to the Directors in December 2014. This questionnaire was about the composition of the Board, its organization, its functioning and the functioning and composition of its Committees. The Chairman of the Board has not participated in this assessment. All of the directors completed this questionnaire. Mrs. Fields Wicker-Miurin presented her report during the Board of Directors held on 4 March 2015. Overall, the directors expressed their satisfaction on the organization, functioning and composition of the Board and its Committees. 75 % of the directors said that the governance of the SCOR Group was better than in the other boards on which they sat. They found the consideration of proposals for changes they have made in the 2013 assessment. They especially welcomed the establishment of a Seminar of the Strategic Committee and the creation of a Crisis Management Committee and the regular convening of the Non-executive Directors Sessions. The directors also mentioned the main points of improvement raised by the directors including to have more directors of SCOR SE in the main Group subsidiaries and more time during the seminar of the Strategic Committee to discuss strategic issues for the Company. | 207 | annual_report |
HannoverRueckSE-AR_2019 | 1,623 | Total remuneration of the active members of the Executive Board pursuant to DRS 17 (modified in 2010) M 89 | 19 | annual_report |
5507 | 854 | Favorable development in other coverages provided to Specialty customers was due to better than expected claim frequency and claim severity in commercial lines coverages in accident years 2010 through 2015. | 30 | 10K |
AegonNV-AR_2010 | 882 | Solvency II In Europe, new rules covering the insurance industry have been proposed and are currently being debated. | 18 | annual_report |
NatwestGroupPLC-AR_2015 | 7,112 | The CMA has provisionally concluded there are a number of competition concerns in the provision of PCAs, business current accounts and SME lending, particularly around low levels of customers searching and switching, resulting in banks not being put under enough competitive pressure, and new products and new banks not attracting customers quickly enough. | 53 | annual_report |
4928 | 853 | The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the deferred tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Benefits from tax positions are recognized in the consolidated financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority having full knowledge of all relevant information. Management’s estimates of future operating results and tax planning strategies, assessment of the probability of future tax benefits realization, and the determination of the likelihood of tax positions being sustained upon exam, are key judgments which management makes which impact the accounting for income taxes and necessary valuation allowances. | 140 | 10K |
HannoverRueckSE-AR_2012 | 1,638 | Non-controlling interests in partnerships are reported in accordance with IAS 32 “Financial Instruments: Presentation” under long-term liabilities. | 17 | annual_report |
de_allianz-AR_2011 | 524 | Whereby the yearly compensation Two year’s compensation: a. is calculated on the basis of the previous year’s annual base salary plus 50 % of the target variable remuneration (annual bonus + annualized Three-year bonus + equity-related remuneration) and; Base Salary (1,400) + 50 % of the total variable remuneration at target (2,100) = 3,500 Severance payment cap of 3,500 b. shall not exceed the latest year’s actual total compensation. assumption: last year’s actual total compensation at 2,800 | 77 | annual_report |
4150 | 709 | Level 2 - inputs utilize other than quoted prices included in Level 1 that are observable for the similar assets, either directly or indirectly. | 24 | 10K |
NatixisSA-AR_2003 | 5,091 | 2.13 Fixed assets Fixed assets are recorded in the balance sheet at acquisition cost. | 14 | annual_report |
1727 | 402 | Medical Premiums from our HMO and managed indemnity insurance subsidiaries increased $81.2 million or 12.7%. The $81.2 million increase in premium revenue reflects a 7.9% increase in Medicare member months (the number of months individuals are enrolled in a plan) and a 10.9% increase in commercial member months. The growth in Medicare member months contributes significantly to the increase in premium revenues as the Medicare per member premium rates are over three times higher than the average commercial premium rate. HMO premium rates for commercial groups increased approximately 6.6%, managed indemnity rates increased approximately 14.6% and Medicare rates increased approximately 4.0%. Over 97% of our Las Vegas, Nevada Medicare members are enrolled in the Social HMO Medicare program. The Centers for Medicare and Medicaid Services, or CMS, formerly known as the Health Care Financing Administration, or HCFA, may consider adjusting the reimbursement factor or changing the program for the Social HMO members in the future. If the reimbursement for these members decreases significantly and related benefit changes are not made timely, there could be a material adverse effect on our business. Continued medical premium revenue growth is principally dependent upon continued enrollment in our products and upon competitive and regulatory factors. | 201 | 10K |
PhoenixGroupHoldingsPLC-AR_2014 | 3,044 | Equity volatility is calibrated to replicate the prices on a range of FTSE equity options with a range of terms and strikes. The equity volatility model used allows volatility to vary with both term and strike of the options. | 39 | annual_report |
5902 | 1,407 | •We evaluated the reasonableness of the models, methodologies, and unobservable inputs used by management to estimate fair value. | 18 | 10K |
5879 | 2,024 | The following table presents the balances of reinsurance recoverables, net of the allowance for expected credit losses, at January 1, 2020 and December 31, 2020, and changes in the allowance for expected credit losses for the year ended December 31, 2020. | 41 | 10K |
NatixisSA-AR_2011 | 3,445 | As such; Natixis and all its subsidiaries benefit from the following guarantees: – “combined” Overall Banking (values and fraud) and Company Civil Liability policies providing coverage of €100 million per claim and/or per period of insurance; – a “Civil Operating Liability” insurance policy providing coverage of €50 million per claim; – Civil Liability Insurance policies covering directors and corporate offi cers, and providing coverage of up to €100 million per claim and per period of insurance. | 76 | annual_report |
2280 | 551 | At December 31, 2002, we had $25.0 million of net operating loss carryforwards acquired in the purchase of American Indemnity Financial Corporation in August 1999. The utilization of these net operating losses is limited by the Internal Revenue Code. The net operating losses began to expire prior to our purchase of American Indemnity Financial Corporation and will continue to expire in various future years through 2019. Our property and casualty insurance segment must generate sufficient taxable income to be able to use the deferred tax asset associated with the net operating loss carryforwards before their expiration. | 96 | 10K |
4283 | 614 | On October 28, 2009, we announced that we entered into a member transition agreement with Health Care Service Corporation, or HCSC, which operates as Blue Cross and Blue Shield in Illinois and Texas. Under this agreement, HCSC offered guaranteed replacement coverage to our UniCare commercial group and individual members in those states. Starting on January 1, 2010, certain of our membership began transitioning to HCSC as a result of this agreement. The member transition agreement did not have a material effect on our consolidated cash flows, financial condition or results of operations. | 92 | 10K |
5042 | 1,478 | Transfers into and out of Level 3 were $43 million and $126 million, respectively, for the year ended December 31, 2015. Transfers into and out of Level 2 were $126 million and $43 million, respectively, for the year ended December 31, 2015. Transfers into Level 3 were principally related to corporate obligations and other ABS, where inputs, which are significant to their valuation, became unobservable during the period. Corporate obligations, other ABS and CDOs comprised the majority of the instruments transferred out of Level 3 where inputs, which are significant to their valuation, became observable during the period. These inputs included spreads, prepayment speeds, default speeds, default severities, yield curves observable at commonly quoted intervals, and market corroborated inputs. There were no transfers into or out of Level 1. | 129 | 10K |
5540 | 1,639 | The impact of recording the net reserve for losses and loss adjustment expenses at the lowest value from the sensitivity analysis above would be to reduce losses and loss adjustment expenses incurred by $132.8 million, increase after-tax net income by $123.2 million, increase shareholders’ equity by $123.2 million, and increase tangible equity by $123.2 million, in each case at or for the year ended December 31, 2018. Such changes in the net reserve for losses and loss adjustment expenses would not have an immediate impact on our liquidity, but would affect cash flow and investment income in future periods as the incremental or reduced amount of losses are paid and investment assets adjusted to reflect the level of paid claims. | 120 | 10K |
4323 | 647 | Costs of acquiring new business, which vary with and are primarily related to the production of new business, have been deferred to the extent that such costs are deemed recoverable from future premiums or gross profits. DAC amounts reflect the Company’s expectations about the future experience of the business in force and include commissions and allowances as well as certain costs of policy issuance and underwriting. Some of the factors that can affect the carrying value of DAC include mortality assumptions, interest spreads and policy lapse rates. For traditional life and related coverages, the Company’s policy is to perform tests, at least annually, to determine that DAC remains recoverable at all times, including at issue. As part of the testing the cumulative amortization is re-estimated and, if necessary, adjusted by a cumulative charge to current operations. For its asset-intensive business, the Company updates the estimated gross profits with actual gross profits each reporting period, resulting in an increase or decrease to DAC to reflect the difference in the actual gross profits versus the previously estimated gross profits. As a result of recoverability testing for new business issues, a charge of approximately $7.7 million to current operations was recorded for in the Asset Intensive sub-segment in 2009 with projected revenue deemed insufficient to cover future benefits and expenses. As of December 31, 2010, the Company estimates that | 226 | 10K |
1040 | 369 | The Company's authorized share capital at December 31, 1997 and 1998 comprised 20,000,000 ordinary shares of par value $0.25 each of which 9,863,372 ordinary shares were issued and fully-paid at that date. The Company's authorized share capital at December 31, 1996 comprised 8,048,000 ordinary shares of par value $0.25 each and 25 Class "A" non-voting shares with a par value of $1 each, of which 8,000,000 ordinary shares and 25 Class "A" non-voting shares were issued and fully-paid at that date. | 81 | 10K |
NatixisSA-AR_2004 | 555 | 1.1 – SCOPE OF CONSOLIDATION The Natexis Banques Populaires consolidated financial statements include the financial statements of Natexis Banques Populaires and its main subsidiaries. | 24 | annual_report |
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