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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 Com...
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 refinem...
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...
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 no...
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. The...
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. Umbrell...
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 Dutc...
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...
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 proje...
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 ...
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 distributi...
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 th...
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 mem...
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 impa...
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 Marin...
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 consider...
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 improve...
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 t...
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 gen...
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 m...
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 n...
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 su...
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 ar...
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: Undiscoun...
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...
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...
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...
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 Consolidat...
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 “...
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 kno...
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...
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...
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...
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...
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...
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...
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 200...
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 tw...
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...
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 ...
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 belie...
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-ti...
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 d...
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 in...
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 activ...
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 a...
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 col...
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 award...
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 im...
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 c...
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 m...
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 sh...
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...
60
10K