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NatixisSA-AR_2005
1,364
5.2.2 - Regulatory capital and international capital adequacy ratio At December 31, 2005, Natexis Banques Populaires’ total regulatory capital for international capital adequacy purposes, enlarged to encompass market risks, amounted to B8.6 billion compared with B6.7 billion at December 31, 2004.
41
annual_report
ASRNederlandNV-AR_2016
2,866
March 2016. At year end 2015, the number of issued shares was 200,000. For more information please refer to chapter 5.5.8.1.
21
annual_report
AdmiralGroupPLC-AR_2018
761
As well as UK Motor, long term arrangements are also in place for UK Household and International businesses.
18
annual_report
NatixisSA-AR_2007
5,050
NATIXIS MALTA INVESTMENTS LIMITED (7) Holding FI 100 100 0 0 Malta
12
annual_report
SwissLifeHoldingAG-AR_2009
1,232
1 not available 2 For the base value, a solvency requirement of 150% is assumed.
15
annual_report
INGGroepNV-AR_2018
3,980
In 2018, financial assets transferred out of Level 3 mainly relate to swap positions revised to Level 2 based on the ability to demonstrate independent sourcing of observable inputs for swap pricing requirements.
33
annual_report
AegonNV-AR_2016
891
Sales growth in Turkey was more than offset by lower sales in Poland resulting from changes in the product offering.
20
annual_report
SwissReAG-AR_2016
1,804
The Audit Committee reviews and approves in advance all planned audit services and any non-audit services provided by the external auditor.
21
annual_report
NatixisSA-AR_2017
2,943
Moreover, the Market Risk Department’s teams carry out level two monthly controls of market inputs.
15
annual_report
4746
981
Based on our assessment under the framework in Internal Control - Integrated Framework, management concluded that our internal control over financial reporting was effective as of December 31, 2013. In addition, the effectiveness of our internal control over financial reporting as of December 31, 2013 has been audited ...
69
10K
RSAInsuranceGroupPLC-AR_2018
2,842
At initial measurement, the Group classifi es its fi nancial assets and fi nancial liabilities in one of the following categories: · Designated at fair value through profi t and loss (FVTPL); · Held for trading; · Available for sale (AFS); · Cash and cash equivalents; · Loans and receivables; · Financial liabilities; o...
54
annual_report
HannoverRueckSE-AR_2012
862
Reputational risks refer to the risk that the trust put in our company by clients, shareholders, employees or the public at large may be damaged. This risk has the potential to jeopardise the business foundation of the Hannover Re Group. A good corporate reputation is therefore an indispensable prerequisite for our cor...
150
annual_report
2710
1,323
GAAP requires that the book value of investments be written down to fair value when declines in value are considered other-than-temporary. When such impairments occur, the decrease in value is reported in net income as a realized investment loss and a new cost basis is established. In the years ended December 31, 2005,...
116
10K
4730
1,967
The Company's Amended and Restated 2004 Stock Incentive Plan provides settlement alternatives to employees in which the Company retains shares to cover tax withholding costs and exercise costs. During the years ended December 31, 2013 and 2012, the Company acquired $61 million and $55 million, respectively, of its comm...
53
10K
AvivaPLC-AR_2004
1,381
(g) The Group has entered into stocklending arrangements in the UK and overseas during the year in accordance with established market conventions. In the United Kingdom, investments are lent to locally-domiciled counterparties and governed by agreements written under English law. Other investments are specifically depo...
60
annual_report
2985
961
The following unaudited pro forma condensed consolidated results of operations assume that the merger with Jefferson-Pilot was completed as of January 1, 2006 and 2005:
25
10K
4464
486
Pre-tax investment income in 2010 declined $314 million (5.8%) compared with 2009. The decline in 2010 investment income reflected lower dividends earned from our investments in Wells Fargo common stock and the impact of a realized gain in 2009 of approximately $100 million from a short-term currency transaction made i...
60
10K
RSAInsuranceGroupPLC-AR_2013
2,122
• Structural currency risk – by investing in overseas subsidiaries and operating an international insurance group.
16
annual_report
171
389
Realized gains and losses are included in net income and the cost of securities sold is based on the specific identification method. There were no sales of marketable securities during the year ended December 31, 1995. For the year ended December 31, 1994, the Company received $145.9 million proceeds from sales of avai...
125
10K
ASRNederlandNV-AR_2018
5
The basic idea behind the creation of the art collection is to make the working environment as inspiring as possible for employees and visitors. Art is often seen as an interpretation of reality and therefore, in our opinion, creates a fitting link with the concrete contents of this Annual Report.
50
annual_report
RaiffeisenBankInternationalAG-AR_2020
1,817
Net gains/losses from hedge accounting 3 0 >500.0% 3 2 20.7%
11
annual_report
StorebrandASA-AR_2016
1,347
(administration reserve). In the case of paid-up contracts, the present value of all future administration costs is allocated in full to the premium reserve. In the case of contracts with future premium payments, a deduction is made for the proportion of future administration costs expected to be financed by future pre...
52
annual_report
5300
869
We have audited the accompanying consolidated balance sheets of Tiptree Inc. and subsidiaries as of December 31, 2016 and 2015, and the related consolidated statements of operations, comprehensive income (loss), changes in stockholders’ equity, and cash flows for each of the years in the three-year period ended Decembe...
103
10K
4085
715
The Company writes policies of excess insurance attaching above a self-insured retention ("SIR") and also writes policies that contain large, per-claim deductibles. Those losses and claims that fall within the SIR or deductible limits are obligations of the insured. The Company also writes surety bonds in favor of vari...
127
10K
NatwestGroupPLC-AR_2020
4,365
 The Group operates in the banking industry which is a highly regulated environment. As such, the Senior Statutory Auditor considered the experience and expertise of the engagement team to ensure that the team had the appropriate competence and capabilities, involving specialists where appropriate.
44
annual_report
5788
896
Income before income taxes increased by $61 million, or 50.0%, in 2019, which was primarily due to favorable mortality experience. Foreign currency exchange fluctuation in the Canadian dollar resulted in a decrease in income before income taxes of $5 million in 2019.
42
10K
4471
3,577
Interest expense on these junior subordinated debt securities was $6 million for the year ended December 31, 2009.
18
10K
5266
536
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the consolidated financial statements, the accompanying notes thereto, and the financial statement schedules included in Item 8 and Item 15 of this report. In addition to historical information,...
106
10K
BaloiseHoldingLtd-AR_2015
1,399
→ Financial instruments with characteristics of equity (available for sale) An impairment loss must be recognised on available- for-sale financial instruments with characteristics of equity whose fair value at the balance sheet date is more than 50 per cent below their acquisition cost or whose fair value is consistent...
125
annual_report
2985
1,233
Total Return Swaps. We use total return swaps to hedge a portion of the liability related to our deferred compensation plans. We receive the total return on a portfolio of indexes and pay a floating rate of interest. Cash settlements on the change in market value of the total return swaps along with the resulting gains...
93
10K
5821
1,095
Our insurance underwriting business reported on a standalone basis for the years ended December 31, 2020 and 2019 follows:
19
10K
1563
589
2. SHAREHOLDER DIVIDEND RESTRICTION At December 31, 2000, substantially all of consolidated shareholders’ equity represents net assets of UTG’s subsidiaries. The payment of cash dividends to shareholders by UTG is not legally restricted. However, the state insurance department regulates insurance company dividend payme...
54
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,002
THE NEW RISKS ARE BECOMING SMALLER AND SMALLER Genetic engineering involves controlling miniscule, highly complex molecular structures. Nanotechnology works with even smaller units. Both technologies open up vistas of fascinating new applications, but they also harbour huge risk potentials. Tomorrow’s risk management f...
45
annual_report
NNGroupNV-AR_2013
1,067
The decrease in “Subordinated loans” in the year 2012 reflects the redemption of the 2001, Variable interest rate, EUR 1,250 million hybrid security in December 2012.
26
annual_report
694
240
Generally, the net assets of ANIC available for transfer to ACCEL are limited to the amounts that ANIC's net assets, as determined in accordance with statutory accounting practices, exceed minimum statutory capital and surplus requirements; however, payments of such amounts as dividends are currently subject to regulat...
149
10K
2390
942
In December 2003, the FASB issued Statement No. 132 (revised 2003), Employers’ Disclosures about Pensions and Other Postretirement Benefits (“Statement 132 (revised 2003)”). Statement 132 (revised 2003) revises employers’ disclosures about pension plans and other postretirement benefit plans. It does not change the mea...
151
10K
5513
4,047
Quoted prices for similar instruments in active markets that we can access; quoted prices for identical or similar instruments in markets that are not active; and inputs, other than quoted prices, that are observable in the marketplace for the instrument. The observable inputs are used in valuation models to calculate ...
81
10K
5555
1,830
On October 10, 2012, Golden Gate V Vermont Captive Insurance Company (“Golden Gate V”), a Vermont special purpose financial insurance company and Red Mountain, LLC (“Red Mountain”), both wholly owned subsidiaries, entered into a 20-year transaction to finance up to $945 million of “AXXX” reserves related to a block of ...
364
10K
AvivaPLC-AR_2014
5,125
• Remember: if it sounds too good to be true, it probably is! • Keep in mind that firms authorised by the FCA are unlikely to call you out of the blue with an offer to buy or sell shares.
40
annual_report
PosteItalianeSpA-AR_2016
7,540
“Reserves, other” consists of the initial reserve of €1 billion provided to BancoPosta RFC on its creation, through the attribution of Poste Italiane SpA’s retained earnings.
26
annual_report
4677
1,505
Other assets and liabilities - These securities consist of a variety of derivative instruments used to enhance the efficiency of the investment portfolio and economically hedge certain risks. These instruments are generally priced by pricing services, broker/dealers and/or recent trading activity. The market value appr...
202
10K
INGGroepNV-AR_2018
1,462
Contents | Report of the Executive Board | Corporate governance | Consolidated annual accounts | Parent company annual accounts | Other information | Appendices > Corporate Governance of Science degree in Business Econometrics/Operations Research from Tilburg University, the
38
annual_report
2192
507
While we anticipate being profitable in future periods, the combination of significant cumulative losses in recent years and uncertainty with respect to our ability to achieve sufficient taxable income to fully realize our year-end deferred tax asset balances within a reasonable time frame, warrants the recording of a ...
132
10K
1934
786
The Subsidiaries had premiums written of $59,103,000, $54,295,000 and $4,412,000 in 2002, 2001 and 2000, respectively, relating to the guaranty of debt issued and of debt obligations purchased by FSA Global Funding Limited (FSA Global), in which the Company holds a 29% ownership interest (see Note 19). The amounts incl...
66
10K
ASRNederlandNV-AR_2017
1,129
Composition According to a.s.r.’s articles of association, the Supervisory Board should consist of at least three members. The Supervisory Board currently has four members. In 2017, there were no changes to the composition of the Supervisory Board. As mentioned in Chapter 4.1 (Corporate governance) the composition of t...
277
annual_report
4021
575
Subsequent to the first twelve months of an underwriting year, the Company’s developing losses provide a better indication of ultimate losses. At this point, claims have developed to a level where Claim Development Patterns can be applied to generate reasonably reliable estimates of ultimate claim levels. Development f...
83
10K
NatwestGroupPLC-AR_2017
79
With this solution in place and currently being implemented, the number of legacy issues the bank faces has reduced. However, we have one major legacy issue that we have yet to resolve which is with the US Department of Justice. The timing of the resolution of this issue is not in our control.
53
annual_report
5095
1,059
Approximately 98% of our debt securities were investment-grade quality, with a weighted average credit rating of AA by S&P at December 31, 2015. Most of the debt securities that were below investment-grade were rated BB, the
36
10K
5477
548
The fair values for fixed maturity investments are generally based upon evaluated prices from independent pricing services. In cases where these prices are not readily available, fair values are estimated by the Company. To determine estimated fair value for these instruments, the Company generally utilizes discounted ...
77
10K
5112
1,097
We individually analyze all positions with emphasis on those that have, in our opinion, declined significantly below cost. In compliance with impairment guidance for debt securities, we perform further analysis to determine if a credit-related impairment has occurred. Some of the factors considered in determining wheth...
138
10K
1658
529
Concentrations of Credit Risk: Torchmark maintains a highly diversified investment portfolio with limited concentration in any given region, industry, or economic characteristic. At December 31, 2001, the investment portfolio consisted of the following:
33
10K
SwissReAG-AR_2008
5
Net income/loss 4 162 –864 – Earnings per share, in CHF 11.95 –2.61 –
14
annual_report
HiscoxLtd-AR_2014
1,378
At 31 December 2014 and 2013 the Group held no material debt or fixed income assets that were past due or impaired beyond their reported fair values, either for the current period under review or on a cumulative basis. For the current period and prior period, the Group did not experience any material defaults on debt s...
57
annual_report
5071
4,197
SICO Plan awards issued in the form of restricted stock were valued based on the closing price of AIG’s Common Stock on the grant date. Although none of the costs of the various benefits provided under the SICO Plans have been paid by us, we have recorded compensation expense for the deferred compensation amounts payab...
124
10K
3553
1,264
On April 4, 2007, the Company completed an initial public offering of 13,000,000 of its common shares for gross proceeds of $175.5 million and incurred issuance costs of $16.2 million. On April 30, 2007, the underwriters of the initial public offering exercised their option to purchase an additional 750,000 common shar...
108
10K
RaiffeisenBankInternationalAG-AR_2020
7,279
Public Joint Stock Company Settlement Center for Servicing of Contracts in Financial Markets, Kiev (UA) 206,700,000 UAH <0.1% OT
19
annual_report
4097
1,187
In November 2009, the NAIC membership approved a process to assess non-agency RMBS for the 2009 filing year that does not rely on NRSRO ratings. The NAIC retained the services of PIMCO Advisory to model each non-agency RMBS owned by U.S. insurers at year-end 2009. PIMCO Advisory has provided 5 prices for each security ...
90
10K
AegonNV-AR_2008
2,251
the measurement of the insurance assets and liabilities. For example, some insurance contracts include benefits that are contractually based on the investment returns realized by the insurer. In addition, realization of gains or losses on availablefor -sale investments can lead to unlocking of VOBA or DPAC
46
annual_report
NatwestGroupPLC-AR_2012
1,021
New impairment losses 5,620 7,966 9,667 5,620 9,234 9,646 Less: recoveries of amounts previously written-off (341) (527) (411) (341) (527) (411)
21
annual_report
de_allianz-AR_2011
1,732
in the P r o P e r t y - C a s u a l t y and l i f e / H e a l t H segments, credit risk arises from reinsurance counterparties as well as from issuers and counterparties related to our investment activities. For the C o r P o r a t e a n d o t H e r segment, our internal risk capital model covers only investment credi...
88
annual_report
AegonNV-AR_2014
397
EUR 1,294 million. The loss was mainly driven by equity macro hedges (EUR 590 million) and long-term economic assumption changes (EUR 405 million) in the Americas and a loss of
30
annual_report
5715
537
The Company recognized arbitration and claim settlement charges in 2019 of $12.6 million related to an arbitration panel awarding three of four former executives of our former Garden City Group business unit additional payments associated with their departure from the Garden City Group on December 31, 2015, and a claim...
87
10K
SwissReAG-AR_2020
292
Our public-private partnerships facilitate recovery efforts following hurricanes and earthquakes, while also helping to finance development projects. Swiss Re often supports such partnerships through its alternative capital instruments. For example, we issued catastrophe bonds with the Mexican government and the World ...
42
annual_report
NatixisSA-AR_2011
4,315
Up to a third of the total change in deferred participation between 2010 and 2011 is due to a sharp drop in equity markets, while around two-thirds is due to the change in credit spreads observed on debt instruments.
39
annual_report
fr_axa-AR_2009
7,422
14.4.2. Change in reinsurers’ share in liabilities arising from insurance and investment contracts
13
annual_report
3918
813
Under the expired plans, Gallagher granted both incentive and nonqualified stock options to officers and key employees of Gallagher and its subsidiaries. Most options granted under the incentive plan prior to 2007 become exercisable at the rate of 10% per year beginning the calendar year after the date of grant. Most o...
209
10K
INGGroepNV-AR_2002
1,171
Talent management The key priorities with respect to talent management include expanding the Group’s management recruitment search capabilities, improving management training programmes and enhancing the effectiveness of career development. In 2003, the talent management tool ING Talent Track (Phase II) will be launche...
43
annual_report
Sampoplc-AR_2000
122
The Board’s dividend proposal of EUR 8 consists of an annual dividend of EUR 4 and an extra dividend of EUR 4 to reduce the overcapitalisation. The remaining distributable capital will be returned to shareholders either through payment of dividends or through share buy-backs. Otherwise it will be used to develop the Gr...
54
annual_report
NatixisSA-AR_2009
2,917
With respect to transformations carried out over the medium term, liquidity gaps are calculated monthly on an annual basis until the relevant operations and the associated coverage ratios (3) by maturity class have been run down. These ratios are bound by minimum coverage ratios validated by the ALM Committee, which re...
71
annual_report
NatwestGroupPLC-AR_2009
3,614
Intangible assets 49,916 49,916 Property, plant and equipment 18,745 18,745 Deferred taxation 3,119 3,119 Prepayments, accrued income and other assets — — — 877 14,785 15,662 Assets of disposal groups 45,850 45,850
32
annual_report
757
799
1997 1996 1995 Interest of AFG (parent) and non-controlling shareholders in earnings of subsidiaries $29,978 $53,717 $28,165 Accrued distributions on trust issued preferred securities 15,499 1,031 -
27
10K
NatwestGroupPLC-AR_2006
588
Capital ratios at 31 December 2006 were 7.5% (Tier 1) and 11.7% (Total).
13
annual_report
fr_axa-AR_2012
8,970
Information” section above as well as on www.axa.com in more detail.
11
annual_report
NatixisSA-AR_2017
3,686
Premiums on Personal Protection and Payment Protection insurance (€820 million) continued to increase at a steady pace (+8%).
18
annual_report
ScorSE-AR_2011
4,490
EUR 7.8769723 each, with entitlement to all benefits as of the 1 January 2010, and
15
annual_report
2054
572
Consolidated Statements of Income and Comprehensive Income for the Years Ended December 31, 2002, 2001 and 2000
17
10K
5830
2,770
capital is invested in local currencies in order to satisfy regulatory requirements and to support local insurance operations. The foreign currency exposure of non-U.S. dollar denominated investments will most commonly be reduced through the sale of the assets or through hedges using foreign currency swaps and forwards...
47
10K
4016
1,317
The debentures due on March 24, 2103 were issued on March 24, 2003 in the principal amount of $175,000 and bear interest of 5.875%, payable on March 31, June 30, September 30 and December 31 of each year beginning June 30, 2003. After March 24, 2008, Ambac became eligible to redeem the debentures at 100% of their princ...
103
10K
gb_prudential-AR_2007
333
Total EEV basis operating profit from continuing operations after restructuring costs 2,542 2,133 19
14
annual_report
537
394
Long-term Debt: In February 1995, the company issued $100 million of 8.5% notes, maturing on February 15, 2005, receiving net proceeds totaling $98,812,000, after expenses. The company has contributed $50 million of the proceeds to its insurance subsidiaries and has applied the remaining net proceeds to the repayment o...
90
10K
2637
2,768
The following table summarizes the outstanding options and warrants to purchase common stock shares for fiscal years 2004, 2003 and 2002:
21
10K
nl_ing_grp-AR_2015
2,449
Defined contribution plans For defined contribution plans, the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment obligations once the contributions have been paid. The contributions are recognised as st...
78
annual_report
AvivaPLC-AR_2012
2,781
Notes to the consolidated financial statements continued 9 – Longer-term investment return and economic assumption changes for non-long-term business For non-long-term business, the total investment income, including realised and unrealised gains, is split between a calculated longerterm return, which is included in op...
89
annual_report
SwissReAG-AR_2020
131
I will be handing the reins over to Sergio Ermotti, whom I wish every success in his role – just as I wish the company as a whole every possible success. And I am convinced that this success will be achieved. After all, Swiss Re has an excellent reputation around the world, and its market position, strategic focus, the...
89
annual_report
2227
799
Cash equivalents consist of funds invested in U.S. Treasury Bills, money market accounts, and in other investments with a maturity of three months or less when purchased.
27
10K
3731
1,083
The following table summarizes the unaudited pro forma financial information for the periods indicated as if the AMC acquisition had occurred at the beginning of the periods being presented. The pro forma information contains the actual combined results of AMC and the Company, with the results prior to the acquisition ...
69
10K
5605
9,458
Gross written premiums and MSC from new business is a non-GAAP financial measure, which is derived by adjusting gross written premiums and MSC collected to (i) include the present value of future installment MSC not yet collected and (ii) exclude gross written premium adjustments on existing installment policies closed...
93
10K
2367
1,200
Renewal commissions on accident and health business in 2004 decreased 10.6% to $34,708, compared to $38,802 in 2003 due to the decrease in renewal accident and health premiums. The ratio of renewal accident and health commissions to renewal accident and health premiums was 11.3% in 2004 and 12.5% in 2003. We have imple...
123
10K
5497
1,542
(1) Non-guaranteed separate accounts included $3.9 billion as of December 31, 2017 and $3.7 billion as of December 31, 2016 in assets supporting the Company's pension plans, including $0.3 billion classified in Level 3 for both periods and $0.8 billion as of December 31, 2017 and $0.9 billion as of December 31, 2016 pr...
63
10K
fr_axa-AR_2001
4,368
Spa, as purchaser f • Item 18 (partie 1) (V5) 1/07/02 11:40 Page F-72 Philippe Jobs Phil 1:JOBS 1:AXA:04-587-COB 2001:COB (US):
21
annual_report
3346
831
The third component of the gain on sale of notes receivable is the gain associated with the ongoing servicing responsibilities. When the sale of a loan participation is accounted for as a true sale, servicing responsibilities are retained for which Aleritas typically receives annual servicing fees ranging from 0.25% to...
178
10K
Sampoplc-AR_2001
2,020
Subordinated liabilities with a book value more than 10% of the total amount of such liabilities 413 395 Other subordinated liabilities 68 67 of which amount of perpetuals 119 113
30
annual_report
NNGroupNV-AR_2017
388
Going forward Overall employee engagement with our brand and values remains high – at 85%. However, we will continue our ‘Living our Values’ programme, based on the concept of a global theme and a framework for local initiatives. We will continue to promote and monitor values awareness as part of the integration proces...
79
annual_report
AegonNV-AR_2017
1,591
�� Americas underlying earnings before tax increased to EUR 59 million in 2017, compared with EUR 55 million in 2016, as lower expenses more than offset lower management fee income in 2017 compared with 2016. �� Underlying earnings before tax from the Netherlands in 2017 increased by EUR 1 million to EUR 15 million com...
76
annual_report
ASRNederlandNV-AR_2011
485
In its meetings, the Supervisory Board focused heavily on ASR’s financial performance. In addition to addressing developments in costs and the combined ratio, particular focus was placed on trends in the financial markets and their impact on solvency.
38
annual_report
5211
1,826
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under current guidance for lessees, leases are only included on the balance sheet if certain criteria, classifying the agreement as a capital lease, are met. This update will require the recognition of a right-of-use asset and a corresponding lease liab...
127
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
1,227
Analysis of our capital structure Our primary insurance and reinsurance activities have a significant influence on the capital structure of the Munich Re Group. Investments on the assets side of the balance sheet mainly serve to cover underwriting provisions
39
annual_report
5128
1,155
The Other CNO Business segment reflected the long-term care premiums collected prior to the reinsurance agreement with BRe effective December 31, 2013. Refer to the note to the consolidated financial statements entitled "Summary of Significant Accounting Policies - Reinsurance" for additional information.
42
10K
4434
1,081
When a component of our business is sold or expected to be sold, we segregate the assets and liabilities of the component and report them as assets and liabilities of subsidiary held for sale in the consolidated balance sheets. A component is expected to be sold when we have approved or received approval to sell, are c...
113
10K
1153
441
The Company believes that it will need additional financing to meet its operating cash requirements for the current level of operations during the next twelve months, and will require additional capital in order to complete its planned expansion. The Company has developed a plan to reduce its liabilities and improve ca...
144
10K