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3648 | 4,051 | the range of a payment or change in the liability is between $40 million and $50 million; however, the Company continues to believe that the ultimate resolution of the issues will not result in a material effect on its consolidated financial statements, although the resolution of income tax matters could impact the Company’s effective tax rate for a particular future period. | 61 | 10K |
5594 | 1,637 | 2017 to 2016 Annual Comparison. Revenues increased $444 million. Excluding an $85 million net increase related to the impacts of certain changes in our estimated profitability of the business, as discussed above, revenues increased $359 million. Higher average variable annuity account values and the impact from refinements to our risk management strategy drove increases in policy charges and fee income, and asset management and service fees and other income. The increase in net investment income was driven by higher income from non-coupon investments and a higher level of invested assets. | 90 | 10K |
HiscoxLtd-AR_2007 | 400 | Regulatory action could affect theGroup’s results and position in numerous ways. For example, it could be required to allocate inefficient levels of capital around theGroup in order to overcomeminimum regulatory hurdles, or bear the costs of implementing new compliance or sophisticated computer modelling systems. | 44 | annual_report |
4783 | 1,184 | · Adverse ratings by insurance rating agencies may adversely impact our ability to write new policies, renew desirable policies or obtain adequate insurance, which could limit or halt our growth and harm our business. | 34 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2017 | 2,590 | The Shareholder Meeting is a body authorized to make decisions concerning issues related to the organization and operations of the Issuer. Resolutions of the Shareholder | 25 | annual_report |
5438 | 636 | The following table summarizes the components of net investment income and net investment gains for the years ended December 31, 2017 and 2016: | 23 | 10K |
Sampoplc-AR_2019 | 2,669 | The actuaries continuously monitor the level of provisions to ensure that they comply with the established guidelines. | 17 | annual_report |
NatwestGroupPLC-AR_2008 | 2,881 | Company 2008 – final redemption £m £m £m £m £m £m £m | 12 | annual_report |
PhoenixGroupHoldingsPLC-AR_2012 | 1,235 | Subsidiary undertakings are consolidated from the date that effective control is obtained by the Group and are excluded from consolidation from the date they cease to be subsidiary undertakings. | 29 | annual_report |
5806 | 1,732 | Gross written premiums for the Excess and Surplus Lines segment (which represents 62.7% of our consolidated gross written premiums in 2019) increased 40.5% over the prior year. Excluding commercial auto policies, gross written premiums for the Excess and Surplus Lines segment increased 54.5% over the prior year. Policy submissions excluding the commercial auto divisions were 23.2% higher and 26.2% more policies were bound in 2019 than in 2018. Renewal rates for the Excess and | 74 | 10K |
2596 | 988 | CMI was party to a lawsuit brought by the Cleveland Bar Association that alleged that certain practices by CMI and its hearing representatives in Ohio constituted the unauthorized practice of law. CMI believes that its practices do not differ from any other Ohio workers’ compensation third-party administrator and do not constitute the practice of law. On May 15, 2004, the Board of Commissioners on the Unauthorized Practice of Law (the “UPL Board”) found that the activities of CMI and its hearing representatives did constitute the unauthorized practice of law; CMI appealed these findings to the Ohio State Supreme Court (the “Supreme Court”). On December 15, 2004, the Supreme Court ruled that the activities engaged in by CMI did not constitute the unauthorized practice of law. However, in its decision, the Supreme Court remanded the matter back to the UPL Board to consider whether those activities which were the subject of the original suit were in violation of a recently enacted Industrial Commission resolution. Oral arguments on this issue are scheduled for July 6, 2005. At this time, we are unable to evaluate the outcome of this matter. | 187 | 10K |
INGGroepNV-AR_2020 | 3,172 | ING’s Annual General Meeting (AGM) is normally held in April or May to discuss the course of business in the preceding financial year on the basis of the reports prepared by the Executive Board and the | 36 | annual_report |
3302 | 1,016 | We have audited the accompanying consolidated balance sheets of EMC Insurance Group Inc. and Subsidiaries as of December 31, 2007 and 2006, and the related consolidated statements of income, comprehensive income, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2007. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. | 74 | 10K |
2222 | 726 | During this period, Citation and Sequoia had the same reinsurance program. For property business, reinsurance provided coverage of $10.4 million excess of $150,000 per occurrence. For casualty business, excluding umbrella coverage, reinsurance provided coverage of $4.9 million excess of $150,000 per occurrence. Umbrella coverage's were reinsured $9.9 million excess of $100,000 per occurrence. The catastrophe treaties for 1998 and thereafter provided coverage of 95% of $14 million excess of $1 million per occurrence. Facultative reinsurance was placed with various reinsurers. | 80 | 10K |
de_allianz-AR_2015 | 1,382 | Acquisition expenses and commissions2 (4,915) (4,912) Definitions 32 28 Scope (379) (319) Acquisition costs incurred3 (5,262) (5,203) | 17 | annual_report |
TrygAS-AR_2015 | 1,146 | Other comprises Tryg Garantiforsikring A/S and premium provisions in Securator A/S. | 11 | annual_report |
NatwestGroupPLC-AR_2012 | 6,455 | Stichting Administratiekantoor Beheer Financiële Instellingen (the Foundation) acceded to the CSA (as amended and restated) as a shareholder following its acquisition of the shares held by the Dutch State in RFS Holdings pursuant to a Deed of Accession entered into between RFS Holdings, the company, Santander, the Dutch State and the Foundation. The Dutch State remains a party to the CSA. The CSA (as amended and restated) governs the relationships amongst the parties thereto in relation to the acquisition by RFS Holdings of ABN AMRO (now RBS Holdings N.V.). The CSA (as amended and restated) details, inter alia, the equity interests in RFS Holdings, the governance of RFS Holdings, the arrangements for the transfer of certain ABN AMRO businesses, assets and liabilities to the Dutch State (previously Fortis Bank Nederland), the company and Santander, further funding obligations of the Dutch State, the company and Santander where funding is required by regulatory authorities in connection with the ABN AMRO businesses, the allocation of taxes and conduct of tax affairs and the steps that the Dutch State, the company and Santander expect to take to enable the company to become the sole shareholder of RFS Holdings. | 194 | annual_report |
3737 | 869 | Life and disability membership decreased 121,000, or 2%, primarily due to overall membership declines from a very competitive marketplace, reduction of members following employment declines at certain large customers and lapses due to the current economic environment. Life and disability membership is generally offered as part of Commercial medical fully-insured membership activity. | 52 | 10K |
2400 | 1,610 | As reflected in this table, approximately 95% of the liability for Unpaid Claims and Claims Adjustment Expense is for pending and IBNR claims. Of the estimate for pending and IBNR claims, approximately 75% is for claims incurred in the most recent three months. Estimates of these three months’ claims are based on projected per member per month, or PMPM, costs and the actual member counts during this period. The following table presents the impact on Unpaid Claims and Claims Adjustment Expense of changes in the annualized cost trend underlying the projected PMPM costs for the most recent three months. | 99 | 10K |
3674 | 1,803 | 2007 to 2006 Annual Comparison. Adjusted operating income increased $116 million, from $143 million in 2006 to $259 million in 2007. Adjusted operating income for 2007 includes the $37 million gain from the sale of our Oppenheim joint ventures and a $17 million benefit from recoveries related to a former investment of our Korean asset management operations. In addition, market value changes on securities relating to exchange memberships benefited 2006 by $21 million, while benefiting 2007 by $42 million. | 79 | 10K |
2640 | 784 | As the third pillar, distribution is a very important part of our business. Because our products are complex and are generally purchased through broker-dealers and financial advisors, being able to distribute to these marketing channels is one key to success in our industry. During 2004, LFD, our wholesaling distribution arm, increased account penetration and the number of wholesalers. In fact, LFD’s top 25 distribution relationships across its wire/regional, financial planner and banking channels are responsible for approximately 75% of our sales. LFA, our retail distribution arm, increased sales of proprietary annuities and mutual funds, as well as other investment products, during 2004 even though the number of planners decreased. | 109 | 10K |
122 | 496 | The extraordinary gain from the extinguishment of debt recognized in 1993 is as follows (000's omitted): | 16 | 10K |
3016 | 1,425 | Statement of Financial Accounting Standards No. 133, “Accounting for Derivative Instruments and Hedging Activities” (“SFAS 133”), as amended, requires that derivatives be recorded on the balance sheet as either assets or liabilities measured at fair value. Changes in the fair value of derivatives are recorded either through current earnings or as other comprehensive income, depending on the type of hedge transaction. Gains and losses on the derivative instrument reported in other comprehensive income are reclassified | 75 | 10K |
AvivaPLC-AR_2015 | 1,180 | External Appointments: Belén is currently an independent non-executive director of Banco Santander. | 12 | annual_report |
BaloiseHoldingLtd-AR_2004 | 1,787 | in CHF m 32.1 Legal disputes The Baloise Group and its subsidiaries are constantly faced with legal disputes, claims and complaints which in most cases stem from normal insurance operations. No new facts in this respect have been reported to the Corporate 32. Contingent liabilities and commitments | 47 | annual_report |
NatixisSA-AR_2007 | 6,916 | (1) Instalment schedule for the fi nancial year concerned -€7 million for transactions initiated during 2007 and -€72 million for transactions prior to 2007. | 24 | annual_report |
INGGroepNV-AR_2009 | 1,027 | vest in 2010. The actual results of 43% are based upon ING’s TSR ranking of 15th within the designated peer group. The results were determined by an independent third party. ING’s external auditor has reviewed the calculations performed. For members of the Executive Board who received an award as an Executive Board member in 2007, such award will vest in the final number of performance shares in May 2010. For the other senior leaders who participated in the 2007–2009 performance share award, such award vested in March 2010. | 88 | annual_report |
NatixisSA-AR_2005 | 2,670 | Write-offs of individual receivables (169) 104 (8) 16 (56) (89) Collective provisions for performing loans (100) 63 - - (37) 6 | 21 | annual_report |
ScorSE-AR_2012 | 6,119 | Lloyd’s accounting practice based on a 3-year accounting process for Lloyd’s syndicates. The syndicate underwriting account is closed at the end of the third year by means of reinsurance into the following year, which reinsures all future liabilities for the closed year and all previous years. | 46 | annual_report |
2115 | 629 | Impairment of Long-Lived Assets - The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During the years ended December 31, 2003 and 2002, the Company did not find it necessary to record a provision for impairment of assets. | 54 | 10K |
fr_axa-AR_2006 | 1,703 | On a consolidated basis, subordinated debt (including derivative instruments impact) totaled €5,563 million after taking into account all intragroup eliminations, compared to €5,073 million | 24 | annual_report |
5854 | 788 | Our non-catastrophe loss ratio was 5.6% for the year ended December 31, 2019 compared to 1.8% during the year ended December 31, 2018. Non-catastrophe losses increased due mainly to a higher percentage of business in lines subject to attritional losses such as Commercial All Risk, Specialty Homeowners, and Inland Marine and due to losses on our assumed reinsurance portfolio. | 59 | 10K |
4370 | 2,480 | Due to the complexity of the U.S. federal income tax laws involved in determining the amount of income taxes related to differences between book carrying value and tax basis of subsidiaries, as well as the level of judgment and reliance on reasonable assumptions and estimates in calculating this liability, AIG considers the U.S. federal income taxes accrued on the earnings of certain foreign subsidiaries to be a critical accounting estimate. | 70 | 10K |
5933 | 1,146 | for Canada Revenue Agency ("CRA") examination. The Company's Canadian federal income tax returns are not currently under examination by the CRA for any open tax years. | 26 | 10K |
de_allianz-AR_2003 | 1,379 | In the current fiscal year, we will continue to build up our private customer business in Spain. We are upgrading the local coverage of our distribution network and investing to improve the quality of the advice and service provided by our representatives. These initiatives are expected to bring about a further improvement to our earnings performance. | 56 | annual_report |
4264 | 1,367 | Specialty Risk Excess of Loss We have excess of loss reinsurance coverage for international general liability and professional business underwritten by our U.K. offices. The agreements cover losses in excess of £1 million per occurrence up to a maximum of £10 million per occurrence, subject to annual aggregate limits that vary by layer. Through December 31, 2010, we had excess of loss reinsurance under the same terms for our medical liability business. In 2010, we purchased an 80% quota share reinsurance agreement from National Indemnity Company for our European medical liability business. In addition, we purchase various pro-rata and excess reinsurance relating to specific foreign insurance programs and/or specialty lines of business. | 112 | 10K |
fr_axa-AR_2011 | 6,113 | Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of past events, when it is probable that an outfl ow of resources will be required to settle the obligation, and when the provision can be reliably estimated. | 44 | annual_report |
4666 | 785 | Factors that could cause or contribute to such differences include, among others: the competition currently existing in the automobile insurance markets in California and the other states in which the Company operates; the cyclical and generally competitive nature of the property and casualty insurance industry and general uncertainties regarding loss reserves or other estimates; the accuracy and adequacy of the Company’s pricing methodologies; the Company’s success in managing its business in states outside of California; the impact of potential third party “bad-faith” legislation, changes in laws, regulations or new interpretations of existing laws and regulations, tax position challenges by the California Franchise Tax Board (“FTB”), and decisions of courts, regulators and governmental bodies, particularly in California; the Company’s ability to obtain and the timing of required regulatory approvals of premium rate changes for insurance policies issued in states where the Company operates; the Company’s reliance on independent agents to market and distribute its policies; the investment yields the Company is able to obtain with its investments and the market risks associated with the Company’s investment portfolio; the effect government policies may have on market interest rates; uncertainties related to assumptions and projections generally, inflation and changes in economic conditions; changes in driving patterns and loss trends; acts of war and terrorist activities; court decisions, trends in litigation, and health care and auto repair costs; adverse weather conditions or natural disasters, including those which may be related to climate change, in the markets served by the Company; the stability of the Company’s information technology systems and the ability of the Company to execute on its information technology initiatives; the Company’s ability to realize current deferred tax assets or to hold certain securities with current loss positions to recovery or maturity; and other uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control. GAAP prescribes when a Company may reserve for particular risks including litigation exposures. Accordingly, results for a given reporting period could be significantly affected if and when a reserve is established for a major contingency. Reported results may therefore appear to be volatile in certain periods. | 354 | 10K |
2035 | 999 | Personal Lines provides automobile, homeowners' and home-based business coverages to the members of AARP through a direct marketing operation; to individuals who prefer local agent involvement through a network of independent agents in the standard personal lines market ("Standard") and in the non-standard automobile market through the Company's Omni Insurance Group, Inc. ("Omni") subsidiary. Personal Lines also operates a member contact center for health insurance products offered through AARP's Health Care Options. The Hartford's exclusive licensing arrangement with AARP, which was renewed during the fourth quarter of 2001, continues through January 1, 2010 for automobile, homeowners and home-based business. The Health Care Options agreement continues through 2007. | 107 | 10K |
5402 | 1,052 | Incurred losses and LAE increased by 117.8% to $1,059.6 million in 2017 compared to $486.6 million in 2016, primarily due to an increase of $277.5 million in current year catastrophe losses, favorable development of $224.8 million on prior years attritional losses in 2016 mainly related to property business which did not recur in 2017 and favorable development of $43.7 million on prior years catastrophe losses in 2016 which did not recur in 2017. The $456.3 million of current year catastrophe losses in 2017 related to Hurricane Maria ($263.2 million), Hurricane Irma ($107.6 million), the Mexico City earthquake ($25.6 million), the South Africa Knysna fires ($24.0 million), Cyclone Debbie in Australia ($17.1 million), the Peru storms ($15.2 million) and Hurricane Harvey ($3.7 million). The $178.8 million of current year catastrophe losses in 2016 were due to the Fort McMurray Canada wildfire ($97.5 million), Hurricane Matthew ($27.4 million), the Ecuador earthquake ($23.6 million), the 2016 Taiwan earthquake ($15.2 million) and the New Zealand earthquake ($14.0 million). | 164 | 10K |
TrygAS-AR_2005 | 726 | The executive order on application of international financial reporting standards for companies subject to the Danish Financial Business | 18 | annual_report |
5687 | 1,843 | During the twelve months ended November 30, 2019, operating activities used cash of $12.4 million. Our net income of $14.5 million was adjusted for the following: change in fair value of investment in deconsolidated subsidiaries of approximately $37.9 million, attributable to the reconsolidation of Lamington and its subsidiaries gain due to the resolutions Chapter 11 Cases up to August 16, 2019, change in fair value of investment in affiliates of approximately $2.4 million, change in fair value of investment in limited partnership gain of approximately $1.4 million, interest paid in kind on 8.5% Senior Secured Notes of approximately $4.0 million, amortization of discount and deferred cost for the 5% Convertible Notes of $1.3 | 113 | 10K |
3023 | 2,376 | Interest, fee and bond issue cost amortization expense (69,696 ) (74,197 ) (76,610 ) | 14 | 10K |
4138 | 1,058 | The Company evaluates all subsequent events and transactions for potential recognition or disclosure in our financial statements. Beside those noted above, there are no additional matters which require disclosure. | 29 | 10K |
LloydsBankingGroupPLC-AR_2018 | 4,236 | Financial liabilities at fair value through profit or loss 28 30,547 50,935 50,877 | 13 | annual_report |
gb_lloyds_banking_grp-AR_2005 | 626 | Impairment losses on loans and advances (1,299) (866) (866) (950) (1,029) (747) | 12 | annual_report |
5463 | 667 | The Company accounts for income tax uncertainties under the provisions of FASB ASC 740, Income Taxes. The Company has recognized no additional liability or reduction in deferred tax assets for unrecognized tax benefits at December 31, 2017 and 2016. Any interest and penalties incurred in connection with income taxes are recorded as a component of the provision for income taxes. The Company is generally not subject to U.S. federal, state or local income tax examinations by tax authorities for taxable years prior to 2013. | 84 | 10K |
AvivaPLC-AR_2017 | 4,473 | The discounted scheme liabilities have an average duration of 20 years in ASPS, 21 years in FPPS, 21 years in the RAC scheme, 19 years in the Irish scheme and 12 years in the Canadian scheme. The expected undiscounted benefits payable from the main UK defined benefit scheme, ASPS, is shown in the chart below: Undiscounted benefit payments (£m) | 59 | annual_report |
de_allianz-AR_2004 | 1,542 | Business risks Dresdner Bank has a system for the systematic identification, measuring and controlling of operational risks. The essential risk factors are evaluated in the framework of a structured self-assessment. A loss database is employed to record and analyze losses that actually occur, and provides the basis for calculating the risk capital requirement. | 53 | annual_report |
AvivaPLC-AR_2005 | 1,797 | (b) The following is a summary of the cost/amortised cost, gross unrealised gains and losses and fair value of financial investments: Cost/ amortised Unrealised Unrealised cost gains losses Fair value £m £m £m £m | 34 | annual_report |
HannoverRueckSE-AR_2000 | 477 | The training facilities offered to our clients with a view to passing on information about the benefits of innovative financial reinsurance solutions constitute a key aspect of our efforts to acquire new business. In many countries – most notably in Asia – even the supervisory authorities are now taking a positive view of our educational activities. Needless to say, it is also in our interest that these countries develop clear and transparent regulatory frameworks and rules for financial reinsurance. This will enable many still hesitant clients to shed their inhibitions when it comes to using new reinsurance solutions. | 98 | annual_report |
5162 | 1,199 | Unfunded Commitments to Investment Partnerships: Unfunded equity commitments represent amounts that we have committed to fund certain investment partnerships. These commitments are legally binding, subject to the partnerships meeting specified conditions. Carrying amounts approximate fair value and are assigned a Level 2 within the fair value hierarchy. | 47 | 10K |
3600 | 803 | A stock repurchase program was authorized for our outstanding Class A common stock beginning January 1, 2004. In September 2007, our Board of Directors approved a continuation of the current stock repurchase program for an additional $100 million through December 31, 2008. Treasury shares are recorded in the Consolidated Statements of Financial Position at cost. Shares repurchased under this plan totaled 2.6 million at a total cost of $137.7 million during 2007. Cumulative shares repurchased under this plan through 2007 totaled 9.6 million at a total cost of $508.0 million. | 90 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 3,386 | (*) The financial information are referred to the last approved financial statements by the Shareholders meeting of the associated company Deutsche Vermogensberatung Aktiengesellshaft DVAG | 24 | annual_report |
SwissReAG-AR_2010 | 946 | ̤ The Group Asset-Liability Committee oversees the management of Swiss Re’s balance sheet, in particular its liquidity, capital and funding positions and related policies. | 24 | annual_report |
5077 | 2,780 | The funding agreements represent an intercompany transaction that is eliminated upon consolidation. However, in recognition of the security interest in such funding agreements, the trust’s medium-term note liability of $2,958 million and $2,705 million at December 31, 2015 and 2014, respectively, is classified within “Policyholders’ account balances.” Creditors of the trust have recourse to Prudential Insurance if the trust fails to make contractual payments on the medium-term notes. The Company has not provided material financial or other support to the trust that was not contractually required. | 86 | 10K |
2379 | 828 | Approximately $98.0 million of unfavorable net prior year claim and allocated claim adjustment expense reserve development recorded in 2003 resulted from a program covering facilities that provide services to developmentally disabled individuals. This net prior year development was due to an increase in the size of known claims and increases in policyholder defense costs. With regard to average claim size, updated data showed the average claim size increasing at an annual rate of approximately 20.0%. Prior data had shown average claim size to be level. Similar to the average claim size, updated data showed the average policyholder defense cost increasing at an annual rate of approximately 20.0%. Prior data had shown average policyholder defense cost to be level. The net prior year development recorded was primarily for accident years 2001 and prior. | 132 | 10K |
1927 | 596 | Professional Coverages premiums written increased to $457.2 million for the year ended December 31, 2002. The increase is primarily due to the consolidation with Professionals Group but also reflects the beneficial effect of rate increases implemented during 2002 and 2001. We have implemented and we plan to continue to implement rate increases based on loss trends, subject to our receipt of regulatory approval. We have experienced some loss of insureds due to the higher rates. However, to date, our premium renewals and new business at the higher rates have more than offset the effect of non-renewals. We estimate that, on average, 2002 renewals were at rates that were approximately 28% higher than 2001 rates. | 114 | 10K |
711 | 566 | The exchange of MARC shares for American Re shares by Allianz and Victoria (totaling 50% of MARC's ownership) was accounted for using the purchase method for business combinations. The exchange of MARC shares for the Company's shares by Munich Re and the U.S. Branch (the remaining 50% of MARC's ownership) was accounted for as an "as-if-pooling of interests" business combination between parties under common control of the same parent company, Munich Re. The exchange of the insurance assets and liabilities of the U.S. Branch for the Company's shares was also accounted for as an "as-if-pooling of interests" business combination between parties under common control. Common control for American Re, MARC and the U.S. Branch was considered effective at December 31, 1996. As such, the Company's December 31, 1996, balance sheet and related footnote disclosures as originally filed in its 1996 Form 10-K, have been restated to reflect a 50% ownership of MARC, a 50% minority interest in the ownership of MARC by Allianz and Victoria, and a 100% ownership of the U.S. Branch. | 173 | 10K |
712 | 314 | Summary Net income for 1997 was $934.0 million compared with $513.6 million in 1996. Excluding realized gain (loss) on investments, gain (loss) on sale of subsidiaries, discontinued operations and the special 1997 additions to the disability income, personal accident programs and UK pension product reserves, all net of taxes, LNC earned $368.0 million for 1997 compared to $298.8 million in 1996. This increase is the result of increased earnings in the Life Insurance & Annuities, Lincoln UK and Reinsurance segments. In the fourth quarter of 1997 the Corporate and Other unit benefited from earnings on proceeds from discontinued operations. This benefit will not continue into 1998 as most of these funds were used to purchase a block of individual life and annuity business on January 2, 1998 (see note 12 to the consolidated financial statements on page 65). Net income for 1996 was $513.6 million compared with $482.2 million in 1995. Excluding realized gain (loss) on investments, gain on sale of subsidiaries, discontinued operations and the special 1995 addition to the disability income reserve, LNC earned $298.8 million for 1996 compared to $262.2 million in 1995. This increase is the result of increased earnings in the Life Insurance & Annuities, Lincoln UK and Reinsurance segments. | 205 | 10K |
ch_zurich_insurance_group-AR_2019 | 2,168 | The contribution of other items, which include the net non-technical result and non-controlling interests, was USD 158 million higher than in the previous year, mainly driven by the absence of major restructuring charges included within business operating profit and a foreign exchange gain of USD 29 million. | 47 | annual_report |
4402 | 672 | historical analysis of Company experience as to what level of IBNR reserve should be established to achieve an adequate IBNR reserve relative to our existing loss exposure base. Unique circumstances or trends, which are evident as of the end of a given period, may require us to refine our IBNR reserve calculation. This methodology for establishing our IBNR reserve has consistently resulted in aggregate reserve levels that management believes are reasonable in comparison to the reserve estimates prepared by our independent actuary, Regnier Consulting Group, Inc. (“Regnier”). | 87 | 10K |
157 | 1,227 | The per share exercise price may not be less than 100% of the fair market value of the common stock on the date of grant, or 1l0% of the fair market value in the case of incentive stock options issued to an employee owning, at the time the option is granted, more than 10% of the outstanding common stock of ATC. Options cannot be exercised more than ten years after the date of grant. Incentive stock options held by shareholders owning more than 10% of the outstanding common stock of ATC cannot be exercised more than five years after the date of grant. | 103 | 10K |
de_allianz-AR_2018 | 1,509 | TECHNICAL MARGIN2 Our technical margin dropped slightly, driven predominantly by oneoff reserve adjustments in the United States, higher loss ratios due to higher claims in our protection & health business, and one-off effects in France. Positive effects from the Asia-Pacific region and from | 43 | annual_report |
5453 | 1,487 | The pro forma information above is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time, not is it intended to be a projection of future results. | 47 | 10K |
AdmiralGroupPLC-AR_2011 | 661 | In accordance with the requirement under the Code for annual election of Directors, all Directors, except Keith James, will be submitting themselves for re-election by shareholders at the forthcoming AGM. The Board is satisfied that all the Directors that are seeking election or re-election by shareholders are properly qualified for their appointment or reappointment by virtue of their skills and experience and their contribution to the Board and its Committees. | 70 | annual_report |
3802 | 597 | The most significant of the three identified market risks relates to prices in the equities market. Though not the largest category of the Company’s invested assets, equity securities have a high potential for short-term price fluctuation. The | 37 | 10K |
gb_prudential-AR_2004 | 933 | In 2004 employees were again invited to participate in the Prudential Savings-Related Share Option Scheme. The Scheme has now been operating for 21 years and 63 per cent of UK staff currently participate. The Prudential International Savings-Related Share Option Scheme (ISSOS) for employees has been operating since 2000 in Hong Kong, Malaysia and Singapore; since 2001 in Taiwan and India; and since 2003 in Korea. On average 27 per cent of employees in those countries covered by the ISSOS currently participate. In addition, since 2002 Prudential has operated the International Savings-Related Share Option Scheme for NonEmployees (ISSOSNE) for its agents in Hong Kong. Currently 13 per cent of agents participate. | 110 | annual_report |
RaiffeisenBankInternationalAG-AR_2017 | 4,099 | FMK Fachmarktcenter Kohlbruck Betriebs GmbH, Eschborn (DE) 30,678 EUR 94.4% OT 1 Less own shares 2 Company type: BA Bank, BR Company rendering banking-related ancillary services, FH Financal holding, FI Financial institution, OT Other companies, VV Insurance, | 37 | annual_report |
2048 | 1,325 | The Preferred Issue accrues cumulative dividends at an initial rate of 8% per year, compounded annually. It will be adjusted quarterly to a rate equal to 400 basis points above the ten-year U.S. Treasury rate beginning with the quarterly dividend after the first triggering event to occur of either (i) an increase by two intermediate ratings levels of the financial strength rating of CCC from its current rating by any of A.M. Best Company, Standard & Poor’s or Moody’s or (ii) one year following an increase by one intermediate ratings level of the financial strength rating of CCC by any one of those rating agencies. Accrued but unpaid cumulative dividends cannot be paid on the Preferred Issue unless and until one of the two triggering events described above has occurred. Beginning with the quarter following an increase of one intermediate ratings level in CCC’s financial strength rating, however, current (but not accrued cumulative) quarterly dividends can be paid. | 158 | 10K |
5667 | 1,440 | the extent to which the decline in fair value is attributable to credit risk specifically associated with the security or its issuer; | 22 | 10K |
AegonNV-AR_2012 | 514 | In addition, Aegon USA provides a range of products and services online, and uses direct and worksite marketing. This approach allows Aegon USA customers more ways to access products and services. Generally, Aegon USA companies are focused on particular products or market segments, ranging from lower income to high-net-worth individuals and from small to large corporations. | 56 | annual_report |
NatixisSA-AR_2020 | 10,479 | stations, biodiversity, the circular economy, and the fight against, food waste, waste management, resilience to climate change. Some projects have already been completed and have been extended to other buildings, in particular on biodiversity and the circular economy. | 38 | annual_report |
NatixisSA-AR_2016 | 6,358 | Property, plant and equipment, intangible assets, investment property6.10 6.10.1 Changes in property, plant and equipment and intangible assets over the period | 21 | annual_report |
NatixisSA-AR_2015 | 7,896 | Natixis issued Perpetual deeply subordinated notes which offer unit-holders fi xed rate or variable rate income and which may be redeemed at the end of a set period and then at each coupon anniversary date. In the event of non-redemption at the end of this period, for some of these issues, a variable coupon indexed to the EURIBOR or LIBOR will be paid. | 63 | annual_report |
4879 | 929 | We are currently holding capital at our insurance subsidiaries and holding companies at levels that exceed our long-term requirements, and we expect to continue to generate excess capital on an annual basis through our statutory earnings. While we intend to maintain our disciplined approach to risk management, we believe we are well positioned with substantial flexibility to preserve our capital strength and at the same time explore opportunities to deploy the excess capital that is generated. | 76 | 10K |
3448 | 1,332 | On January 31, 2008, OneBeacon Ltd. declared a $200 million special dividend, of which White Mountains will receive a portion based on its ownership percentage on March 17, 2008 (the dividend record date). As of December 31, 2007, White Mountains owned 72.9% of OneBeacon Ltd.'s outstanding shares. | 47 | 10K |
2625 | 983 | We experienced adverse development of about $185 million related to accident years prior to 1994, due largely to our strengthening loss reserves for asbestos and other liability claims. | 28 | 10K |
2844 | 1,079 | Examples of common risk factors that can change and, thus, affect the required commercial automobile reserves (beyond those included in the general discussion section) include: | 25 | 10K |
PosteItalianeSpA-AR_2016 | 1,243 | The Group began a preliminary assessment of the impact of IFRS 15 in 2016 and this is in the process of being completed. The Group has taken into account the clarifications issued by the IASB in April 2016, as well as the results of discussions with the ad hoc Technical Resource Group set up by the IASB to aid first-time adopters of the new standard, and will assess any further developments as practice evolves. | 74 | annual_report |
StorebrandASA-AR_2019 | 386 | WHY Of all the changes affecting our industry, technological progress and digitalisation are probably the greatest. Technology affects our entire business: our customers’ behaviour and expectations, opportunities to deliver services to customers, as well as opportunities to automate and transform how our products are delivered and experienced. | 47 | annual_report |
NatixisSA-AR_2005 | 591 | Targeting specific client segments The Primary Markets and Securitization unit continued to grow, as customer targeting was enhanced. In France, despite a overall decline in new issues, this unit focused on significant corporate mandates, such as SFR, Bouygues, Schneider and Alstom, while expanding in the French and international financial institutions segment (Groupama, Banca Caja, IKB, Alpha Bank,Veneto Banca and Islandsbanki) and in inflationindexed instruments (Cades and Réseau Ferré de France). The bank continued to gain stature in syndicated credits in France, as a top-tier arranger and bookrunner (Gaz de France,Air France,Vinci, LVMH, Partouche and CMA CGM). It also played a significant role in the Europe,Middle East and Africa (EMEA) regions (Wincor Nixdorf, Barry Callebaut, Immobiliare Colonial). | 116 | annual_report |
NatixisSA-AR_2011 | 8,298 | Pollution and waste management ● The prevention, reduction or compensation of air, water and land emissions that seriously damage the environment ● The prevention of waste production, recycling and disposal ● Taking into account noise pollution and, where relevant, all types of pollution specifi c to a particular activity Art. 148–3 1 | 52 | annual_report |
SwissReAG-AR_2017 | 2,702 | Common shares Balance as of 1 January 35 34 Issue of common shares Cancellation of shares bought back –1 –1 Balance as of period end 34 33 | 27 | annual_report |
NatixisSA-AR_2008 | 3,934 | TECHNICAL IMPACT OF THE REDUCTION IN RISK ON DERIVATIVES OTHER THAN CREDIT DERIVATIVES (DATA AS OF DECEMBER 31, 2008) | 19 | annual_report |
927 | 362 | Investment Concentration, Risk, and Impairment: Investments in debt and equity securities include 1,518 issuers, with only one corporate issuer representing more than one percent of the aggregate reported amounts of these investments. Included with equity securities is an investment in BankAmerica Corporation of $500 as of December 31, 1998 and 1997. Debt securities considered less than investment grade approximated 4.5% and 5.4% of the total debt securities portfolio as of December 31, 1998 and 1997. | 75 | 10K |
1300 | 526 | The Company held collateral of $271.6 million and $228.1 million at December 31, 1999 and 1998 respectively, in the form of funds held, for recoverable amounts on ceded unpaid losses and LAE under certain reinsurance contracts. Under the contracts, reinsurers may require that a trust fund be established to hold the collateral should one or more triggering events occur, such as a downgrade in the Company's A.M. Best rating to B+ or lower, or a reduction in statutory capital and surplus to less than $60 million. Otherwise no restrictions are placed on investments held in support of the funds held. In accordance with the provisions of the reinsurance contracts, the funds held are credited with interest at contractual rates ranging from 7.5% to 8.6%, which is recorded as an expense in the year incurred. | 134 | 10K |
4662 | 1,516 | As of December 31, 2012 and 2011, U.S. subsidiaries had deductible losses for tax purposes of approximately $234.5 million and $221.9 million, respectively. Under U.S. tax law, these tax losses can be carried forward and could be available to offset future taxable income of the companies that experienced the losses. | 50 | 10K |
2721 | 898 | We regularly review our investment portfolio for factors that may indicate that a decline in fair value of an investment is other-than-temporary. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include: | 38 | 10K |
1916 | 426 | As Sequoia is now accounted for as a Discontinued Operation, under GAAP the presentation of Sequoia's income, assets and liabilities, and cash flow in our financial statements for all years in this 10-K has changed: | 35 | 10K |
5525 | 976 | The RSU Plan is an unfunded deferred compensation plan which currently provides each outside director with an award of 1,400 restricted share units (the “RSU award”) following each annual meeting of shareholders. The amount of the award may change from year to year, based on the provision described below. The RSU awards are fully vested six months after the date of grant. RSU awards are not common shares of the Company and, as such, no participant has any rights as a holder of common shares under the RSU Plan. RSU awards represent the right to receive an amount, payable in cash or common shares of the Company, as previously elected by the outside director, equal to the value of a specified number of common shares of the Company at the end of the restricted period. Such election may be changed within the constraints set forth in the RSU Plan. The restricted period for the RSU awards begins on the date of grant and expires on the date the outside director retires from or otherwise terminates service as a director of the Company. During the restricted period, outside directors are credited with dividends, equivalent in value to those declared and paid on the Company’s common shares, on all RSU awards granted to them. At the end of the restricted period, outside directors receive cash or common share distributions of their RSU awards either (i) in a single lump sum payment, or (ii) in annual installment payments over a 5- or 10-year period, as previously elected by the outside director. The administrative committee for the RSU Plan (currently the Company’s Compensation Committee) retains the right to increase the annual number of RSU awards granted to each outside director to as many as 10,000 or to decrease such annual number to not less than 500, without seeking shareholder approval, if such increase or decrease is deemed appropriate by the administrative committee to maintain director compensation at appropriate levels. The RSU Plan automatically terminates on May 31, 2026. The Company accounts for the RSU Plan as a liability plan. There were 23,080 RSUs, 26,323 RSUs, and 22,832 RSUs granted in 2018, 2017 and 2016, respectively. | 361 | 10K |
BaloiseHoldingLtd-AR_2005 | 1,923 | an impairment loss recognized on an asset with a finite useful life in previous reporting periods is reversed if there has been a change in the estimates that were used to determine the recoverable amount since the recognition of the last impairment loss. this increase represents a reversal of an impairment loss. an impairment loss on goodwill or on assets with indefinite useful lives recognized in previous reporting periods is no longer reversed. | 73 | annual_report |
SwissReAG-AR_2002 | 810 | Form of reinsurance that provides risk financing which may be combined with elements of traditional risk transfer. | 17 | annual_report |
5036 | 1,746 | The following schedules present the Company’s consolidating balance sheet information at December 31, 2015 and 2014, and consolidating statements of income information for the years ended December 31, 2015, 2014 and 2013. These schedules present the individual subsidiaries of the Company and their contribution to the consolidated financial statements. Amounts presented will not necessarily be the same as those in the individual financial statements of the Company’s subsidiaries due to adjustments for purchase accounting, income taxes and noncontrolling interests. In addition, many of the Company’s subsidiaries use a classified balance sheet which also leads to differences in amounts reported for certain line items. | 103 | 10K |
423 | 226 | Recurring investment income (interest and dividends) increased 13% to $225.8 million in 1996, compared to $199.1 million in 1995 and $158.5 million in 1994, primarily due to an increase in the average investment portfolio. Net realized gains on security sales were $7.1 million in 1996, $46.7 million in 1995 and $23.8 million in 1994. | 54 | 10K |
StorebrandASA-AR_2015 | 509 | The Norwegian United Federation of Trade Unions (LO) and Federation of Norwegian Industries (NHO) have agreed on a joint statement, in which they propose that individual pension accounts be established and that the employees be entitled themselves to choose a provider and management. They also propose that employees should be able to save the difference between the company's savings level and the permitted maximum level themselves. The Union of Employees in Commerce and Offices (LO) and the Enterprise Federation of Norway have reached agreement and maintain their positions for and against the standardization of occupational pensions. | 96 | annual_report |
fr_axa-AR_2005 | 4,638 | For grants after November 7, 2002, information is as follows: (in millions) | 12 | annual_report |
gb_prudential-AR_2014 | 83 | Investments, our Asia asset management business, delivered record third-party net inflows of £5.4 billion (2013: £1.4 billion, on a constant exchange rate basis). | 23 | annual_report |
17 | 511 | For other group accident and health business, reserves are based on projections of historical claim runout patterns. | 17 | 10K |
4858 | 5,786 | This standard requires an entity to present unrecognized tax benefits as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The standard defines specific exceptions when the unrecognized tax benefit should be presented in the financial statements as a liability and not combined with deferred tax assets. | 60 | 10K |
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