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4828 | 2,522 | Under AGL's Bye-Laws and subject to Bermuda law, if AGL's Board of Directors determines that any ownership of AGL's shares may result in adverse tax, legal or regulatory consequences to the Company, any of the Company's subsidiaries or any of its shareholders or indirect holders of shares or its Affiliates (other than such as AGL's Board of Directors considers de minimis), the Company has the option, but not the obligation, to require such shareholder to sell to AGL or to a third party to whom AGL assigns the repurchase right the minimum number of common shares necessary to avoid or cure any such adverse consequences at a price determined in the discretion of the Board of Directors to represent the shares' fair market value (as defined in AGL's Bye-Laws). In addition, AGL's Board of Directors may determine that shares held carry different voting rights when it deems it appropriate to do so to (i) avoid the existence of any 9.5% U.S. Shareholder; and (ii) avoid adverse tax, legal or regulatory consequences to AGL or any of its subsidiaries or any direct or indirect holder of shares or its affiliates. "Controlled shares" includes, among other things, all shares of AGL that such U.S. Person is deemed to own directly, indirectly or constructively (within the meaning of section 958 of the Code). Further, these provisions do not apply in the event one shareholder owns greater than 75% of the voting power of all issued and outstanding shares. | 245 | 10K |
NatixisSA-AR_2017 | 265 | Under the plans to establish sector-based teams, the GMC business will, in 2018, become a joint venture between the new Energy & Natural Resources business line and Global Markets. The objective is to enhance commercial efficiency in the marketing of commodities products and increase synergies with clients. | 47 | annual_report |
SwissLifeHoldingAG-AR_2013 | 1,880 | Transfers to investment property 14 –11 – – – –11 revaluation in respect of transfers to investment property 4 – – – 4 | 23 | annual_report |
AdmiralGroupPLC-AR_2019 | 3,028 | The segment consists of the underwriting of car insurance, van insurance, household insurance, travel insurance and other products that supplement these insurance policies within the UK. It also includes the generation of revenue from additional products and fees from underwriting insurance in the UK. The Directors consider the results of these activities to be reportable as one segment as the activities carried out in generating the revenue are not independent of each other and are performed as one business. This mirrors the approach taken in management reporting. | 87 | annual_report |
gb_lloyds_banking_grp-AR_2014 | 1,785 | The Committee is comprised of Non-Executive Directors from a wide background to provide a balanced and independent view on remuneration matters. | 21 | annual_report |
1800 | 498 | Amortization expense. Amortization expense totaled $68.0 million in 2000 compared with $73.6 million in 1999. Excluding the effect of the payroll-deduction business, amortization expense decreased $1.4 million from 1999 to 2000. Amortization expense related to the Company's universal life insurance business decreased $4.8 million due primarily to decreased administrative charges on this block of business. Offsetting this decrease was a $2.9 million increase in amortization expense related to a closed block of annuity business. The increase was due to higher levels of surrenders in 2000 and the related increase in surrender charge revenue on this block of business. | 98 | 10K |
5696 | 690 | As discussed previously, general corporate expenses tend to fluctuate relative to our incentive compensation plans. Our compensation model measures components of comprehensive earnings against a minimum required return on our capital. Bonuses are earned as we generate earnings in excess of this required return. In 2019 and 2018, we exceeded the required return, resulting in the accrual of executive bonuses. Increased levels of comprehensive earnings in 2019 resulted in higher variable compensation earned than in 2018. | 76 | 10K |
gb_prudential-AR_2019 | 5,814 | We�were�appointed�as�auditor�by�the� shareholders�in�October�1999.�The�period� of�total�uninterrupted�engagement�is�for� the�21�financial�years�ended�31�December� 2019.�We�have�fulfilled�our�ethical� responsibilities�under,�and�we�remain� independent�of�the�Group�in�accordance� with,�UK�ethical�requirements�including� the�Financial�Reporting�Council�(‘FRC’)� Ethical�Standard�as�applied�to�listed�public� interest�entities.�No�non-audit�services� prohibited�by�that�standard�were�provided. | 12 | annual_report |
5809 | 1,314 | (2)Investment income from fixed maturity securities includes amounts from FVO Securities of $140 million and $184 million for the years ended December 31, 2020 and 2019, respectively. | 27 | 10K |
GjensidigeForsikringASA-AR_2017 | 980 | Earned premiums increased to NOK 1,074.7 million (1,036.3), although the underlying increase was NOK 6.2 million lower when adjusted for currency effects. The positive premium development was driven by portfolio restructuring and repricing measures. | 34 | annual_report |
4948 | 1,423 | Losses and loss adjustment expenses for the year ended December 31, 2013 included $10.5 million of unfavorable loss reserve development in general liability lines resulting from asbestos exposure. The unfavorable development was driven by increasing defense costs in the primary book of business, higher than expected loss activity in the assumed book of business and commutations and settlements in 2013. Other run-off lines recorded $4.4 million in unfavorable development, including $2.0 million in unfavorable development in medical malpractice liability due to the loss of the New York Liquidation Bureau funding for structured annuity payments. | 94 | 10K |
AvivaPLC-AR_2010 | 2,060 | Notes to the consolidated financial statements 1 Exchange rates 191 2 Presentation changes 191 3 Subsidiaries 192 4 Segmental information 195 5 Details of income 202 6 Details of expenses 203 7 Finance costs 205 8 Long-term business economic volatility 206 9 Longer-term investment return and economic assumption changes for non-long-term business 10 Employee information 208 11 Directors 209 12 Auditors’ remuneration 210 13 Tax 211 14 Earnings per share 212 15 Dividends and appropriations 215 16 Goodwill 215 17 Acquired value of in-force business (AVIF) and intangible assets 18 Interests in, and loans to, joint ventures 220 19 Interests in, and loans to, associates 223 20 Property and equipment 225 21 Investment property 226 22 Fair value methodology 227 23 Loans 231 | 123 | annual_report |
218 | 298 | ALLOWANCE FOR DOUBTFUL ACCOUNTS: Allowances are provided for uncollectible reinsurance recoverables and other doubtful receivables. The allowance is recorded as a valuation account and reduces the corresponding asset. The allowance was $135 million and $121 million at December 31, 1995 and 1994, respectively. | 43 | 10K |
SwissReAG-AR_2014 | 1,211 | ̤ The “Ordinance Against Excessive Compensation at Public Corporations” (Ordinance) became effective on 1 January 2014. | 16 | annual_report |
NatwestGroupPLC-AR_2017 | 6,406 | In addition, the Bank of England may use the bail-in tool to, among other things, replace or substitute the issuer as obligor in respect of debt instruments, modify the terms of debt instruments (including altering the maturity (if any) and/or the amount of interest payable and/or imposing a temporary suspension on payments) and discontinue the listing and admission to trading of financial instruments. The exercise of the bail-in tool will be determined by the Bank of England which will have discretion to determine whether the institution has reached a point of nonviability or whether the conditions for resolution are met, by application of the relevant provisions of the Banking Act, and involves decisions being taken by the PRA and the Bank of England, in consultation with the FCA and HM Treasury. As a result, it will be difficult to predict when, if at all, the exercise of the bail-in power may occur. | 152 | annual_report |
4321 | 575 | whether there are any adverse qualitative factors indicating an impairment may exist. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2010. Management does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. | 48 | 10K |
gb_lloyds_banking_grp-AR_2015 | 5,863 | NOTE 8: RELATED PARTY TRANSACTIONS In January 2009 HM Treasury became a related party of the Company and has remained so until 11 May 2015. From 1 January 2011, in accordance with IAS 24, UK Government-controlled entities also became related parties of the Group. Further information on the relationship and transactions with HM Treasury and UK Government-controlled entities is given in note 48 to the consolidated financial statements. | 68 | annual_report |
ch_zurich_insurance_group-AR_2014 | 2,694 | Fair value hierarchy – unit-linked – current period in USD millions, as of December 31, 2014 Level 1 Level 2 Level 3 Total | 23 | annual_report |
319 | 273 | The consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP), which vary in certain respects from statutory accounting practices followed in reporting to insurance regulatory authorities (see note 13 for the effects of such differences). | 40 | 10K |
ScorSE-AR_2009 | 3,734 | G GOODWILL Goodwill comprises the residual difference between the identifiable assets of an acquired entity and the purchase price paid in a business combination. Goodwill is recognised as an asset in the balance sheet, and represents future economic benefits expected to be generated from assets that are not capable of being individually identified and separately recognised. Goodwill is tested for impairment on a yearly basis. | 65 | annual_report |
3772 | 486 | In June 2008, the FASB issued EITF Issue No. 03-6-1, “Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities.” EITF No. 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share under the two-class method. The EITF 03-6-1 affects entities that accrue dividends on share-based payment awards during the awards’ service period when the dividends do not need to be returned if the employees forfeit the award. EITF 03-6-1 is effective for fiscal years beginning after December 15, 2008. The Company is currently assessing the impact of EITF 03-6-1 on its consolidated financial position and results of operations. | 120 | 10K |
nl_ing_grp-AR_2018 | 360 | To fight cybercrime, ING also maintains a strong global cybercrime alliance with the financial industry, law enforcement authorities, governments and internet service providers. | 23 | annual_report |
388 | 572 | The results of operations for the year ended December 31, 1994 and 1995 include the operations of American Progressive, American Pioneer and WorldNet. | 23 | 10K |
5790 | 915 | Lower (higher) expenses - Represents the period over period comparison of expenses relative to growth in earned premium. Volume driven expenses typically fluctuate commensurate with changes in premium. Accordingly, as we grow premium, these expenses increase from an absolute dollar perspective, but tend to stay proportionate compared to premium. Fixed expenses can remain constant or increase or decrease irrespective of the growth or decline in premium. When describing expenses as being “lower” or “higher” we are generally referring to changes in fixed costs relative to premium (fixed cost leverage). These “lower” or “higher” expenses correspond to a lower or higher expense ratio. | 102 | 10K |
4426 | 789 | Certain reclassifications have been made to prior year financial statements to conform to classifications used in the current year. | 19 | 10K |
2528 | 560 | Gross Premiums Written. Gross premiums written for the year ended December 31, 2003 increased by $663.7 million, or 35.0%, to $2.6 billion from $1.9 billion for the year ended December 31, 2002. Insurance and reinsurance market conditions improved substantially on a global basis the past two years, providing the key factor for growth. The increase in premium volume is attributable to increases in the Americas division of $232.4 million, or 19.5%, the EuroAsia division of $149.5 million, or 57.8%, the London Market division of $122.6 million, or 38.9%, and the U.S. Insurance division of $165.2 million, or 98.0%. | 98 | 10K |
AegonNV-AR_2018 | 6,978 | Investment contracts Investment contracts are investment products that offer returns and generate fee income from the performance of the investments. | 20 | annual_report |
Sampoplc-AR_2006 | 3,983 | Sampo Life’s unit-linked premiums written increased by about 45 per cent to almost EUR 400 million. A good two-thirds of premiums written originated from endowment policies, in which new structured investment products attracted retail and corporate customers alike. Due to the positive trend, Sampo Life’s market share of combined premiums written for unit-linked life and pension policies in Finland rose to 25 per cent, while in the corporate segment the market share exceeded 40 per cent. | 76 | annual_report |
RSAInsuranceGroupPLC-AR_2009 | 29 | MArKet PoSItIon through codan in denmark and trygg-hansa in Sweden, we are the third largest insurer in both markets. We also have a growing presence in norway and a niche marine business in finland. | 34 | annual_report |
3011 | 5,561 | For additional information about our liability for unpaid losses and loss adjustment expenses, see Note 4 to the Consolidated Financial Statements as well as “Item 1 - Business - Loss Reserves.” | 31 | 10K |
de_allianz-AR_2008 | 3,303 | Credit risk exposure of loans to banks and customers designated at fair value through income | 15 | annual_report |
1163 | 522 | Note 18--Commitments and Contingencies (continued) District Court requesting that it order certain contract funeral directors to comply with their obligations under the Final Judgment in Battle and their funeral service contracts. A petition was filed on April 8, 1996 on behalf of a group of funeral directors seeking to modify the 1978 decree in Battle in light of changed economic circumstances. All parties made extensive submissions to the District Court and a hearing on the opposing petitions was held by the District Court on February 9, 1999. On March 8, 1999, the District Court entered an order granting Liberty's petition to enforce the obligations of contract funeral directors under their funeral service contracts and denying the funeral directors' petition for review of the Battle Final Judgment and alternative relief. On July 29, 1999, the funeral director class filed an appeal with the U.S. Court of Appeals of the Eleventh Circuit seeking to have the March 8, 1999 order vacated on the merits. Liberty filed a joint motion in the Eleventh Circuit Court seeking remand to the District Court for purposes of appointment of class counsel for burial policyholders, who are currently not formally represented in these proceedings. The Circuit Court issued an order denying Liberty's joint motion on September 15, 1999 and the funeral director class' appeal remains pending. On January 24, 2000, Liberty and the funeral director class filed a joint motion for remand in order to allow the District Court to evaluate a proposed settlement of the funeral directors' appeal. | 252 | 10K |
5660 | 1,392 | Computer software, which is included in other assets, is stated at cost, less accumulated amortization. Purchased software costs, as well as certain internal and external costs incurred to develop internal-use computer software during the application development stage, are capitalized. Such costs are amortized generally over a four-year period using the straight-line method. The cost basis of computer software was $1.3 billion at both December 31, 2019 and 2018. Accumulated amortization of capitalized software was $1.3 billion at both December 31, 2019 and 2018. Related amortization expense was $0, $90 million and $164 million for the years ended December 31, 2019, 2018 and 2017, respectively. | 104 | 10K |
3072 | 1,012 | The following table provides the incremental effects of adopting the provisions of SFAS 158 on the Company’s balance sheet at December 31, 2006. The adoption of SFAS 158 had no effect on the Company’s consolidated statement of income for the year ended December 31, 2006, or for any prior period presented, and it will not affect the Company’s operating results in the future. | 63 | 10K |
LloydsBankingGroupPLC-AR_2014 | 2,112 | Results The consolidated income statement shows a statutory profit before tax for the year ended 31 December 2014 of £1,762 million. A summary of the Group’s results can be found on pages 35 to 43 and is incorporated into this report by reference. | 43 | annual_report |
NatixisSA-AR_2019 | 2,529 | Central governments or central banks 29,616 511 41 36,350 531 42 | 11 | annual_report |
5616 | 2,396 | The Company’s target asset allocation is designed to provide an acceptable level of risk and balance between return-seeking assets and liability-hedging fixed income assets. The weighting towards return-seeking securities is designed to help provide for an increased level of asset growth potential and liquidity. | 44 | 10K |
5360 | 688 | Operating revenue increased $2,062.0, or 5.3%, to $40,754.1 in 2017, primarily due to premium rate increases designed to cover overall cost trends in our Individual and Local Group businesses. The increase was further attributable to membership growth in our fully-insured Large Group business and an increase in administrative fees. The increase in administrative fees was primarily due to membership growth in our self-insured Large Group business. The increase in operating revenue was partially offset by the impact of the HIP Fee suspension for 2017, declines in membership in our non-ACA-compliant and ACA-compliant off-exchange Individual businesses, lower favorable adjustments to prior year estimates for the ACA risk adjustment premium stabilization program and declines in membership in our National Accounts business. | 119 | 10K |
CNPAssurancesSA-AR_2007 | 419 | Possible generalisation of "subscriber expenses" guarantees such as for GDF bills | 12 | annual_report |
StorebrandASA-AR_2013 | 162 | The new European solvency regulations for life insurance companies, Solvency II, have been pointed out as the greatest threat to how Norwegian life insurance companies operate today. Even though the industry has been working on adapting to these rules for several years, there is still a certain degree of uncertainty associated with them. How interruptive is this uncertainty? | 58 | annual_report |
4620 | 1,745 | When assessing our intent to sell a fixed maturity security or if it is more likely that we will be required to sell a fixed maturity security before recovery of its cost basis, we evaluate facts and circumstances such as, but not limited to, decisions to reposition our security portfolio, sale of securities to meet cash flow needs and sales of securities to capitalize on favorable pricing. In order to determine the amount of the credit loss for a fixed maturity security, we calculate the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover. The discount rate is the effective interest rate implicit in the underlying fixed maturity security. The effective interest rate is the original yield or the coupon if the fixed maturity security was previously impaired. If OTTI exists and we have the intent to sell the security, we conclude that the entire OTTI is credit-related and the amortized cost for the security is written down to current fair value with a corresponding charge to realized loss on our Consolidated Statements of Income. If we do not intend to sell a fixed maturity security or it is not more likely than not we will be required to sell a fixed maturity security before recovery of its amortized cost basis but the present value of the cash flows expected to be collected is less than the amortized cost of the fixed maturity security (referred to as the credit loss), we conclude that an OTTI has occurred and the amortized cost is written down to the estimated recovery value with a corresponding charge to realized loss on our Consolidated Statements of Income, as this is also deemed the credit portion of the OTTI. The remainder of the decline to fair value is recorded to other comprehensive income (“OCI”), as an unrealized OTTI loss on our Consolidated Balance Sheets, as this is considered a noncredit (i.e., recoverable) impairment. | 331 | 10K |
1343 | 521 | Goodwill increased $57.7 million, from $12.7 million at December 31, 1998 to $70.4 million at December 31, 1999. The increase is primarily related to the acquisitions of AFP and Tenere, of $55.0 million and $3.9 million, respectively. | 37 | 10K |
5419 | 1,753 | We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated March 9, 2018 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting. | 75 | 10K |
NatixisSA-AR_2005 | 1,040 | LBO and acquisition financing was again the main contributor, with net banking income of B83.2 million in 2005. Real estate financing produced net banking income of B62 million, | 28 | annual_report |
198 | 344 | On March 29, 1994, the Company formed a direct, wholly owned subsidiary, Capsure Financial Group, Inc. ("CFG"), to which Capsure contributed substantially all its assets and liabilities. Concurrently, CFG entered into a senior reducing revolving credit agreement with a syndicate of banks for the principal amount of $135 million (the "Credit Facility"). At closing, $68 million of funds drawn under the Credit Facility, together with a portion of the Company's cash, were used to repay $84.6 million of previously existing bank term debt. Paydowns of $71 million and borrowings of $28 million for the acquisition of Universal Surety have occurred since then. The remaining availability under the Credit Facility of $110 million may be used to finance future acquisitions and for general corporate purposes. | 124 | 10K |
5594 | 2,773 | Other ASU issued but not yet adopted as of December 31, 2018 | 12 | 10K |
1103 | 659 | Recent prices (i.e., discount rates used in determining valuations) paid by others to acquire or recapture similar blocks of business. | 20 | 10K |
5548 | 737 | Year Ended December 31, 2018-Net cash used in investing activities of $25.8 million during 2018 was due to $14.9 million of net cash used to acquire GoMedigap, $6.3 million in capitalized internal-use software and website development costs, and $4.5 million used to purchase property and equipment and other assets. | 49 | 10K |
RSAInsuranceGroupPLC-AR_2010 | 565 | Personal lines and Motor and General Liability in Canada, while in the UK we’ve primarily seen positive prior year from Commercial | 21 | annual_report |
5066 | 1,281 | Management believes the Company will have sufficient liquidity to satisfy its needs over the next twelve months including the ability to pay interest on our senior notes and dividends on our common stock. | 33 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 3,407 | Equity securities and interests in pooled investment funds at FVTPL 195 76 Debt securities 78 22 Assets held for sale 23 2 81 Total seed capital 275 179 | 28 | annual_report |
266 | 151 | Commitments to extend mortgage loans have only off-balance-sheet risk because their contractual amounts are not recorded in the Company's statements of financial position. | 23 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 3,738 | Fa ir v alu e ga ins or lo ss es thr ou gh pr ofit or los s | 19 | annual_report |
3671 | 898 | Our insurance-related earnings are primarily comprised of reductions, or potential increases, of net loss and loss adjustment expense liabilities. These liabilities are comprised of: | 24 | 10K |
2425 | 1,906 | The following table illustrates the effect on net income (loss) and earnings per share for each period indicated as if the Company had applied the fair value recognition provisions of FAS 123 to all outstanding and unvested stock-based employee awards. | 40 | 10K |
NatwestGroupPLC-AR_2013 | 2,970 | Changes to credit models The Group reviews and updates models on an ongoing basis, reflecting more recent data, changes to products and portfolios, and updated regulatory requirements. Extensive changes were made to wholesale models in 2012 and 2013. This process continues with further changes, notably in banks and corporate exposure classes, planned for 2014. | 54 | annual_report |
SwissReAG-AR_2019 | 1,745 | Allocation The approved Group API pool is further allocated to the Group EC and other senior executive pools, and to pools of different Business Units/Group Functions. This allocation is agreed by the Group CEO based on the assessment of financial and qualitative performance of the respective business area. | 48 | annual_report |
5701 | 626 | The fair value of the Company's long-term fixed maturity investment portfolio is sensitive, however, to fluctuations in the level of interest rates, but not materially affected by changes in anticipated cash flows caused by any prepayments. The impact of interest rate movements on the long-term fixed maturity investment portfolio generally affects net unrealized gains or losses. As a general rule, rising interest rates enhance currently available yields but typically lead to a reduction in the fair value of existing fixed maturity investments. By contrast, a decline in such rates reduces currently available yields but usually serves to increase the fair value of the existing fixed maturity investment portfolio. All such changes in fair value of available for sale securities are reflected, net of deferred income taxes, directly in the shareholders' equity account, and as a separate component of the statement of comprehensive income. Fixed maturity securities classified | 147 | 10K |
SwissLifeHoldingAG-AR_2019 | 828 | Responsible and sustainable corporate governance is of central importance for Swiss Life. It structures its corporate governance openly and transparently in compliance with the acknowledged national and international standards. | 29 | annual_report |
4314 | 1,116 | During the fourth quarter of 2010, the Company recorded an additional net $3.5 million goodwill impairment charge related in part to additional consideration paid for the purchase of BMSI. See Note 3, “Goodwill and Intangible Assets", to the audited consolidated financial statements contained in this Item 8. | 47 | 10K |
5945 | 1,536 | The unrealized losses as of December 31, 2020 and 2019 were primarily related to changes in the interest rate environment. Fair values of interest rate sensitive instruments may be affected by increases and decreases in prevailing interest rates which generally translate, respectively, into decreases and increases in fair values of fixed maturity investments. The fair values of interest rate sensitive instruments also may be affected by the credit worthiness of the issuer, prepayment options, relative values of other investments, the liquidity of the instrument, and other general market conditions. | 89 | 10K |
ScorSE-AR_2009 | 842 | On its European markets, SCOR has maintained its positions thanks to its range of services and its strong presence and commercial activity. | 22 | annual_report |
4702 | 1,501 | If the counterparties for the call options we hold fail to meet their obligations, we may have to recognize a loss. We limit our exposure to such a loss by diversifying among several counterparties believed to be strong and creditworthy. At December 31, 2013, substantially all of our counterparties were rated "BBB+" or higher by Standard & Poor's Corporation ("S&P"). | 60 | 10K |
4230 | 3,139 | On May 1, 2009, the Company’s Gibraltar Life operations acquired Yamato Life, a Japanese life insurance company that declared bankruptcy in October 2008. Gibraltar Life served as the reorganization sponsor for Yamato and under the reorganization agreement acquired Yamato by contributing $72 million of capital to Yamato. At the date of acquisition the Company recognized $2.3 billion of assets and $2.3 billion of liabilities related to Yamato. Subsequent to the acquisition, the Company renamed the acquired company The Prudential Gibraltar Financial Life Insurance Company, Ltd. | 85 | 10K |
5643 | 1,147 | determined by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities. The carrying amount of goodwill is then reduced with a corresponding charge to expense. | 39 | 10K |
4478 | 897 | The fair value of equity securities is based on the closing market value. The fair value of mutual fund holdings is based on the closing net asset value reported by the fund. The fair value of fixed maturities is based upon data supplied by an independent pricing service. It can be difficult to determine the fair value of non-traded securities, but Harleysville Group does not own a material amount of non-traded securities. | 72 | 10K |
2536 | 899 | In December 2004, the Financial Accounting Standards Board issued FAS 123(R), “Share−Based Payment,” which establishes standards for transactions in which an entity exchanges its equity instruments for goods or services. FAS 123(R) requires stock options and other share−based payments made to employees to be accounted for as compensation expense and recorded at fair value. Consistent with the provisions of the new standard, we intend to adopt FAS 123(R) in the third quarter of 2005. Information about the fair value of stock options under the Black−Scholes model and its pro forma impact on our net income and earnings per share for the years ended December 31, 2004, 2003 and 2002 can be found in Note 2, Significant Accounting Policies, to the consolidated financial statements. However, a number of technical implementation issues are yet to be resolved, including the selection and use of an appropriate valuation model, and the ultimate impact of adopting FAS 123(R) is not yet known. | 157 | 10K |
NatixisSA-AR_2018 | 13 | Our asset and wealth management businesses model has demonstrated its value in volatile market one of the leading investment managers worldwide | 21 | annual_report |
2503 | 814 | As detailed in the following table, net realized and unrealized investment gains totaled approximately $7,315,000 for the two years ended December 31, 2004, while net realized and unrealized losses totaled approximately $11,953,000 for the three years ended December 31, 2002. The Company does not anticipate severe deterioration in the securities markets as experienced during the years 2000 through 2002 although there is still some volatility in the equities markets. At December 31, 2004, the Company’s investment portfolios contain a net unrealized gain outstanding of $5,261,000. Below is an approximate calculation of investment income yields and “total return” (defined as yields including net investment income, net realized investment gains or losses and net change in the excess or deficit of market values over book values of the investment portfolios or unrealized gains (losses)) yields for the five years ending December 31, 2004. | 141 | 10K |
GjensidigeForsikringASA-AR_2010 | 1,896 | At the reporting date monetary items are retranslated to the functional currency at exchange rates at that date. non-monetary items denominated in foreign currencies that are measured at historical cost, are retranslated using the exchange rates at the date of the transaction. non-monetary items denominated in foreign currencies that are measured at fair value, are retranslated to the functional currency at the exchange rates at the date when the fair value was determined. | 73 | annual_report |
ASRNederlandNV-AR_2018 | 4,956 | Management Approach 2018 Disclosure on management approach Ch. 1.2, 2.3, 5.1 (p. 12, 31, 78-98) | 15 | annual_report |
5688 | 16,553 | The weighted average health care cost trend rate used in measuring the accumulated postretirement benefit cost is 7.0% for 2020, gradually declining to 4.5% in 2035 and remaining at that level thereafter. | 32 | 10K |
2621 | 714 | Management's principal business objective is to grow the intrinsic value of the Company over the long term. To this end, it seeks to accumulate an insured portfolio of conservatively underwritten municipal and asset-backed obligations and attractively priced guaranteed investment contracts, in order to produce a reliable, predictable earnings stream. Strategically, the Company seeks to maintain balanced capabilities across domestic and international asset-backed and municipal markets in order to allow the flexibility to pursue the most attractive opportunities available at any point in the business cycle. References to the "Company" are to Financial Security Assurance Holdings Ltd. together with its subsidiaries. | 100 | 10K |
4540 | 2,083 | In June 2011, the Company adopted the 2011 Stock Incentive Plan (the “2011 Plan”), which effectively replaced the 2004 Stock Incentive Plan (the "2004 Plan"), from which stock-based awards were granted prior to the initial public offering. No further equity awards will be made under the 2004 Plan. The 2011 Plan allows for the issuance of 14,000,000 shares of common stock, all of which may be granted as incentive stock awards. As of June 30, 2012, there were 1,392,904 options, 799,753 restricted stock units, 740,409 performance-based restricted stock units and 1,530,139 restricted shares outstanding under the 2011 Plan. The options issued during fiscal year 2012 vest and become exercisable ratably over three years, while the time-based restricted stock units vest ratably over four years. The performance-based restricted stock units granted in September 2011 vest ratably on September 1, 2012, 2013, 2014 and 2015, respectively. The restricted shares vest in the Company's first quarter of fiscal 2013. | 156 | 10K |
SwissReAG-AR_2006 | 205 | Swiss Re has dedicated resources to assess the potential risks of nanotechnology and promote the development of tailored risk management principles Swiss Re supports regulatory efforts to prevent increased exposure and ensure a balanced public dialogue on possible risks | 39 | annual_report |
gb_prudential-AR_2019 | 1,399 | Safe Schools During 2019, the Prudence Foundation continued to support the Safe Schools programme in partnership with Plan International and Save the Children in Cambodia, the Philippines and Thailand. This programme primarily focuses on disaster preparedness for students, teachers and local community members. Since 2013, almost 90,000 students and 43,000 adults have participated in the programme. | 56 | annual_report |
1969 | 1,166 | The investment amounts set forth above are generally due in monthly installments. The payment periods generally range from two to 15 years, but in certain circumstances are as long as 30 years. These receivables are generally collateralized by the related property. The Company's deferred tax provision related to leveraged leases was $981 million and $1,077 million at December 31, 2002 and 2001, respectively. | 63 | 10K |
ScorSE-AR_2019 | 4,527 | Presentation of 2019 financial statements As the comparative balance sheet as at December 31, 2018 does not include the contributions of SGL SE, SGP&C SE and SHS to the Company, the impacts of the merger after elimination of internal operations between the three companies are presented in a specific column "2019 mergers contributions" of the various financial tables presented in the appendix. | 62 | annual_report |
gb_lloyds_banking_grp-AR_2017 | 5,284 | Available-for-sale financial assets – – – 56,524 – – – 56,524 | 11 | annual_report |
PhoenixGroupHoldingsPLC-AR_2010 | 1,290 | Under the SAyE arrangement, participants remaining in the Group’s employment at the end of the 3 or 5 year saving period are entitled to use their savings to purchase shares at an exercise price of £5.63. Employees leaving the Group for certain reasons are able to use their savings to purchase shares within six months of their leaving before the end of their 3 and 5 year periods. | 68 | annual_report |
de_allianz-AR_2012 | 1,297 | Net income (loss) attributable to: Non-controlling interests 322 259 156 1 Total revenues comprise statutory gross premiums written in Property-Casualty and in Life/ Health, operating revenues in Asset Management and total revenues in Corporate and Other (Banking). | 37 | annual_report |
391 | 152 | Special project fees revenue decreased $3.23 million (26 percent) mainly due to the near completion of a one-time project in 1996 of product development performed under a contract for a customer that was in progress throughout 1995. This project produced $.45 million and $1.78 million of revenue in fiscal 1996 and 1995, respectively, which accounts for a decrease of $1.32 million. Another one-time project generated $1.5 million of revenue for the Partnership's research and development efforts on the teleclaim product during fiscal 1995. | 83 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2020 | 237 | The restrictions on economic activity and freedom of movement imposed in March 2020 with a view to preventing the dissemination of the coronavirus translated into a decline in real GDP in Q2 2020 by as much as 8.4% y/y, following an increase by 1.9% y/y in Q1 2020. Disruptions in industrial supplies caused by the outbreak of the pandemic in China and Italy and the resumption of border controls within the European Union also exerted a negative impact on GDP in this period. In Q2 2020, private consumption plunged by as much as 10.8% y/y. Cost cuts effected by enterprises and a greater degree of uncertainty additionally suppressed investments in fixed assets, which dwindled by 10.7% y/y. | 117 | annual_report |
2544 | 1,051 | The FASB ratified EITF Issue 04-08, “The Effects of Contingently Convertible Instruments on Diluted Earnings per Share,” which requires that contingently convertible debt be included in calculating diluted earnings per share regardless of whether the contingent feature has been met. The effective date is for reporting periods after December 15, 2004 and prior period earnings per share amounts presented for comparative purposes must be restated. The Company’s convertible debt outstanding of $220 million is contingently convertible. The Company’s diluted earnings per share has been reduced by the application of this EITF by $0.18, $0.13 and $0.14 for the years ended December 31, 2004, 2003 and 2002, respectively. | 107 | 10K |
1849 | 982 | - -------- (1) Ratio of policyholder benefits to earned premiums, policy charges and fee income. Group disability ratios include long-term care products. (2) Ratio of administrative operating expenses (excluding commissions) to gross premiums, policy charges and fee income. | 38 | 10K |
HiscoxLtd-AR_2001 | 130 | During 2001, the businesses increased their gross written premiums |to £20.3m, a growth of 97%. £2.2m of the growth is as a result of the acquisition of the Construction and General Guarantee Insurance Company (CGGI) in Ireland, with the balance coming from organic growth. In continental Europe organic growth, together with the movement of some expenses to London, gave us an improved local agency result of a loss of £0.3m (2000: loss of £0.7m). Our combined ratio in Europe increased to 114.6% (2000: 111.1%). A large part of this increase was due to losses caused by storm damage to mainly German holiday homes located in Majorca. | 106 | annual_report |
LloydsBankingGroupPLC-AR_2011 | 5,842 | Further information on the Group’s liquidity exposures is provided on pages 112 to 118. | 14 | annual_report |
3474 | 698 | In 2003, the Company formed two business trusts (the “Trusts”) for the purpose of issuing, in private placement transactions, $30.0 million of mandatorily redeemable trust preferred securities (“TPS”) and using the proceeds thereof, together with the equity proceeds received from APCapital in the initial formation of the Trusts, to purchase $30.9 million of floating rate junior subordinated deferrable interest debentures (the “Debentures”) from APCapital. | 64 | 10K |
SwissReAG-AR_1965 | 109 | The securities, or the corresponding deposit certificates, were examined on the 13th and 14th July and on the 21st September, 1966 and found to be in order. A check carried out on the 21st September, 1966 showed that the cash in hand corresponded with the books. | 46 | annual_report |
AssicurazioniGeneraliSpA-AR_2018 | 710 | Other income net of other expense rose from 59,137 thousand to 161,073 thousand. The increase is mainly attributable to greater interest on loans with companies of the Group (change of 78,468 thousand) against incorporated loans following the above-mentioned merger of Generali Finance B.V. and, in particular, with the counterparties Generali Beteiligungs Gmbh and Generali Deutschland AG. The increase is also due to lower costs on derivative financial instruments (change of 6,022 thousand) and to lower tax costs on property transfers tied to the repurchase of the minority interests in the subsidiary Generali Deutschland AG, which took place in 2015 (change of 16,310 thousand). | 103 | annual_report |
4413 | 1,312 | follows: Bermuda (0.0%), United States (35.0%), United Kingdom (26.5%), Ireland (12.5%), Denmark (25.0%) and the Netherlands (23.3%). | 17 | 10K |
ScorSE-AR_2015 | 1,756 | Credit risk on future cash-flows from Life reinsurance policies is mitigated by industry-wide protection solutions in several countries. In addition, SCOR monitors the development of its clients through regular client contact, which enables SCOR to take appropriate action when deemed necessary. | 41 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2020 | 1,356 | • decline in administrative expenses by 0.1%, to PLN 6,597 million, compared to PLN 6,606 million in 2019. Administrative expenses in the banking business (net of adjustments on account of the valuation of assets and liabilities to fair value) dropped by PLN 68 million, while in the insurance segment in Poland they increased by PLN 36 million, due among others to the growth of personnel costs in connection with the wage pressure and introduction in the sales segment of aid packages in connection with the COVID-19 pandemic; • the growth of negative balance of other operating income and expenses to PLN 3,990 million, compared to PLN 2,790 million in 2019. This was caused primarily by the one-off impairment loss on goodwill arising from the acquisition of Alior Bank (PLN 746 million) and Bank Pekao (PLN 555 million), the impairment loss on assets arising from the acquisition of Alior Bank (i.e. trademark and relations with clients) in the amount of PLN 161 million, and the increase of the burden related to the levy on financial institutions from PLN 1,134 million in 2019 to PLN 1,203 million in 2020 (the outcome of the growth of value of assets subject to the levy, and not of the rate). At the same time, the Bank Guarantee Fund (BFG) fees decreased from PLN 611 million in 2019 to PLN 541 million in 2020. | 228 | annual_report |
ScorSE-AR_2015 | 996 | Refer to Section 4.6 – Notes to the consolidated financial statements, Note 17 – Provisions for Employee Benefits and Appendix C – 5 – Notes to the corporate financial statements, Note 13 – Employee Share-ownership Plans. | 36 | annual_report |
ch_zurich_insurance_group-AR_2014 | 678 | Information Policy As of December 31, 2014, Zurich Insurance Group Ltd had 119,407 shareholders registered in its share register, ranging from private individuals to large institutional investors (see p. 309). Each registered shareholder receives an invitation to a shareholders’ meeting. A Letter to Shareholders provides an overview of the Group’s activities as the year progresses and outlines its financial performance. A more comprehensive Annual Review, the Annual Report and half-year reports are available on Zurich’s website www.zurich.com (www.zurich.com/shareholder-information) and are also available in printed form on request. Information on the quarterly results reporting is also available for all shareholders on Zurich’s website. | 102 | annual_report |
AvivaPLC-AR_2015 | 5,080 | On 10 April 2015, the Group completed the acquisition of 100% of the outstanding ordinary shares of Friends Life Group Limited (‘Friends Life’) through an all share exchange which gave Friends Life shareholders 0.74 Group shares for every Friends Life share held. In total 1,086 million Group shares were issued for a consideration of £5,975 million. | 56 | annual_report |
3603 | 245 | (3) Amortization (acceleration) deceleration for changes in assumptions ("DAC unlocking") for 2005 includes $4.3 million relating to the reinsured variable annuity business. There was no DAC unlocking related to variable annuities in 2006. | 33 | 10K |
4344 | 1,073 | In order to determine the amount of the impairment loss from credit, as opposed to interest rate fluctuations, for a fixed maturity security, we calculate the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover. The discount rate is the effective interest rate implicit in the underlying fixed maturity security. The effective interest rate is the original yield or the coupon if the fixed maturity security was previously impaired. If an OTTI exists and we have the intent to sell the security, we conclude that the entire OTTI is credit-related and the amortized cost for the security is written down to current fair value with a corresponding charge to realized loss on our consolidated statements of income. If we do not intend to sell a fixed maturity security or it is not more likely than not we will be required to sell a fixed maturity security before recovery of its amortized cost basis but the present value of the cash flows expected to be collected is less than the amortized cost of the fixed maturity security (referred to as the credit loss), we conclude that an OTTI has occurred and the amortized cost is written down to the estimated recovery value with a corresponding charge to realized loss on our consolidated statements of income, as this is also deemed the credit portion of the OTTI. The remainder of the decline to fair value is recorded to other comprehensive income (“OCI”), as an unrealized OTTI loss on our consolidated balance sheets, as this is considered a noncredit (i.e., recoverable) impairment. | 273 | 10K |
4594 | 505 | limited partnerships are engaged in the trading of public and non-public equity securities and debt, hedging transactions, real estate development and venture capital investment. These partnerships, themselves, do not have readily-determinable market values. Rather, the values recorded are those provided to the Company by the respective partnerships based on the underlying assets of the partnerships. While the majority of the underlying assets are publicly-traded securities, those which are not publically traded have been valued by the respective partnerships using their experience and judgment. | 83 | 10K |
PhoenixGroupHoldingsPLC-AR_2017 | 3,897 | – availability to be called up on demand to fully absorb losses on a going-concern basis, as well as in the case of winding-up (‘permanent availability’); – in the case of winding-up, the total amount that is available to absorb loses before repayment to the holder until all obligations to policyholders and other beneficiaries have been met (‘subordination’). | 58 | annual_report |
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