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AssicurazioniGeneraliSpA-AR_2015 | 1,954 | The pricing model is based on simulation models generally used for this type of estimation. Other conditions different than market condition are considered external to this valuation. The probability that these conditions are satisfied, combined with the estimated fair value of the right to obtain free shares, defines the overall plan cost. | 52 | annual_report |
StorebrandASA-AR_2001 | 91 | in excess of the minimum requirement, the market value adjustment reserve and additional statutory reserves equivalent to one year’s interest guarantee. | 21 | annual_report |
2541 | 784 | The Company has certain contractual obligations and commercial commitments principally for providing letters of credit in connection with its assumed reinsurance segment and operating leases for office space for its headquarters and other regional offices. The table below presents the contractual payments due by period or expiration period for each obligation or commitment: | 53 | 10K |
gb_prudential-AR_2010 | 990 | “We direct our resources towards the issues that we believe are most relevant to our business and where we can make the most impact.” | 24 | annual_report |
4088 | 895 | In connection with the plan of conversion of CMIC, we have agreed with the Insurance Department that for a period of two years following the effective date of conversion of July 1, 2009, no dividend may be paid by KICO to us without the approval of the Insurance Department. We have also agreed with the Insurance Department that any intercompany transaction between KICO and us must be filed with the Insurance Department 30 days prior to implementation. | 77 | 10K |
3223 | 1,074 | In determining ultimate losses and LAE, the cost to indemnify claimants, provide needed legal defense and other services for insureds and administer the investigation and adjustment of claims are considered. These claim costs are influenced by many factors that change over time, such as expanded coverage definitions as a result of new court decisions, inflation in costs to repair or replace damaged property, inflation in the cost of medical services and legislated changes in statutory benefits, as well as by the particular, unique facts that pertain to each claim. As a result, the rate at which claims arose in the past and the costs to settle them may not always be representative of what will occur in the future. The factors influencing changes in claim costs are often difficult to isolate or quantify and developments in paid and incurred losses from historical trends are frequently subject to multiple and conflicting interpretations. Changes in coverage terms or claims handling practices may also cause future experience and/or development patterns to vary from the past. A key objective of actuaries in developing estimates of ultimate losses and LAE, and resulting IBNR reserves, is to identify aberrations and systemic changes occurring within historical experience and accurately adjust for them so that the future can be projected reliably. Because of the factors previously discussed, this process requires the substantial use of informed judgment and is inherently uncertain. | 232 | 10K |
5648 | 689 | method. Realized gains and losses are determined using the specific identification method and included in the determination of net income. Net investment income includes interest and dividend income together with amortization of purchase premiums and discounts, and is net of investment management and custody fees. | 45 | 10K |
ch_zurich_insurance_group-AR_2004 | 1,810 | Zurich Finance (UK) p.l.c. 6.625% GBP bond, undated notes 848 795 | 11 | annual_report |
4901 | 1,333 | In March 2006, the California DOI issued an Amended Notice of Non-Compliance to a Notice of Non-Compliance originally issued in February 2004 (as amended, “2004 NNC”) alleging that the Company charged rates in violation of the California Insurance Code, willfully permitted its agents to charge broker fees in violation of California law, and willfully misrepresented the actual price insurance consumers could expect to pay for insurance by the amount of a fee charged by the consumer’s insurance broker. The California DOI seeks to impose a fine for each policy in which the Company allegedly permitted an agent to charge a broker fee and a penalty for each policy on which the Company allegedly used a misleading advertisement and to suspend certificates of authority for a period of one year. In January 2012, an Administrative Law Judge (“ALJ”) bifurcated the 2004 NNC between (a) the California DOI’s order to show cause, in which the California DOI asserts the false advertising allegations and accusation, and (b) the California DOI’s notice of noncompliance, in which the California DOI asserts the unlawful rate allegations. Following an evidentiary hearing on the noncompliance portion of the 2004 NNC in April 2013, post-hearing briefs and an unsuccessful mediation, the ALJ closed the evidentiary record on April 30, 2014. On December 8, 2014 the ALJ submitted a proposed decision to the California Insurance Commissioner and recommended that it be adopted as the decision of the California Insurance Commissioner. The decision states that from the period July 1, 1996 through 2006, Mercury’s "brokers" were actually operating as "de facto agents" and that the charging of "broker fees" by those producers constituted the charging of "premium" in excess of the Company’s approved rates and assesses a civil penalty in the amount of $27,593,550 against the Company. The California Insurance Commissioner adopted the ALJ's proposed decision on January 7, 2015, and the Company received notice of the California Department of Insurance decision on January 10, 2015. | 325 | 10K |
2360 | 736 | At December 31, 2002, warrants sold as part of an underwriting agreement at a price of $0.0001 per warrant, entitling the holder to purchase 125,000 shares of common stock at $10.86 per share, were outstanding. During 2003, all of the 125,000 shares were exercised. All of these potential common shares were excluded from the computation of net income per share for 2002 because their inclusion would have an anti-dilutive effect. | 70 | 10K |
AvivaPLC-AR_2016 | 8,544 | We focus on personal and commercial insurance. In the UK we hold the top position in the motor and property markets7. We believe our key strengths include underwriting and pricing sophistication, claims and cost management and excellent customer service. Our aim is to deliver cash and profitable growth by focusing on the fundamentals of the insurance business to maximise underwriting returns and we have a portfolio strategy to deliver greater stability of earnings. | 73 | annual_report |
948 | 497 | The Company has estimated the Risk-Based Capital Requirements of each of its insurance subsidiaries as of December 31, 1998 according to the formula issued by the NAIC. Each of the companies' policyholders' surplus exceeded the highest level of minimum required capital. | 41 | 10K |
4259 | 6,901 | Share repurchases In November 2010, we commenced a $1.00 billion share repurchase program. As of December 31, 2010, this program had $840 million remaining and is expected to be completed by March 31, 2012. | 34 | 10K |
fr_axa-AR_2015 | 5,886 | On September 1, 2015, AXA announced that it had completed the sale of its Mandatory Provident Fund (MPF) and Occupational | 20 | annual_report |
ASRNederlandNV-AR_2016 | 4,656 | Throughout the year Implementing improvements for business lines, teams, employees and processes | 12 | annual_report |
HiscoxLtd-AR_2015 | 259 | Group regulators As a Bermudian-registered holding company, the Bermuda Monetary Authority (BMA) is the Group’s regulator under the Bermuda Group Supervisory Framework. The BMA requires the Group to monitor its Group solvency capital requirement under which the Group provides a solvency return in accordance the Group Solvency Self Assessment framework (GSSA) including an assessment of the Group’s Bermuda Solvency Capital Requirement (BSCR). | 62 | annual_report |
SwissReAG-AR_2006 | 837 | Walter B. Kielholz Swiss 55 Executive Vice Chairman of the Board | 11 | annual_report |
fr_axa-AR_2011 | 3,290 | The Committee is also informed of the compensation of the Group Executive Committee members (regarding cash compensation as well as the allocation of Company stock options, performance shares or performance units); ■ to issue proposals on the appointments of the Company’s | 41 | annual_report |
5380 | 1,791 | In 2015, Ambac UK 's Board of Directors adopted a long term incentive plan which provides cash based performance awards to Ambac UK employees. Cash based compensation expense related to performance awards granted to Ambac UK employees was $2,159, $283 and $253 for the years ended December 31, 2017, 2016 and 2015, respectively. | 53 | 10K |
5923 | 800 | On June 4, 2019, AIlife entered into an acquisition agreement with the selling shareholder of Uniwill Insurance Broker Co., Ltd (“Uniwill”), Pursuant to the acquisition agreement, AIlife agreed to pay $14,535 (NTD 450,000) in exchange for the insurance brokerage licenses issued to Uniwill by the Taiwanese government, along with right to the Uniwill company name and $6,455 (NTD 200,000) of legal deposits. The Company has no intention of operating the Uniwill existing brokerage business nor retaining any of its sales personnel. Therefore, the transaction was accounted for an asset acquisition. | 90 | 10K |
fr_axa-AR_2017 | 6,597 | emissions. AXA’s comprehensive environmental reporting process, which is verified by an independent third-party, allows AXA to evaluate its impact on and identify risks to the environment from its activities. Please refer to Section 7.3 “Environmental Information – Environmental r eporting n etwork and p rocess” of the Annual Report for further information on AXA’s environmental reporting process. | 57 | annual_report |
Sampoplc-AR_2008 | 1,518 | Liabilities Liabilities for insurance and investment contracts 8,527 4,621 - - 13,148 Liabilities for unit-linked insurance and investment contracts - 2,071 - - 2,071 | 24 | annual_report |
TopdanmarkAS-AR_2020 | 711 | Gross premiums written 9,494 9,803 Gross premiums earned (9,463) (9,763) Change in risk margin 12 (3) | 16 | annual_report |
HannoverRueckSE-AR_2011 | 4,993 | The Supervisory Board once again devoted considerable attention to the issue of Corporate Governance. The Corporate | 16 | annual_report |
5462 | 4,156 | At December 31, 2017, the Company had available a foreign tax credit carryover of $8.0 million. The Company expects to utilize this credit within the carryover period. | 27 | 10K |
5604 | 1,889 | PCA’s losses and loss adjustment expenses ratio was 140.5% for the year ended December 31, 2018 as compared to 53.6% for the year ended December 31, 2017. | 27 | 10K |
4245 | 1,173 | The change in unearned premiums was a $10.3 million increase in 2009, compared with a $15.9 million decrease in 2008. The change was due to a $13.5 million increase in unearned homeowners’ insurance premiums of which $7.4 million is associated with our assumption of policies from Citizens, a $3.8 million decrease in unearned commercial general liability premiums, a $0.4 million increase in unearned automobile premiums, net of a $0.2 million increase in unearned flood premiums in 2009. These changes are a result of differences in written premium volume during this period as compared with the same period last year. See Gross Premiums Written. | 103 | 10K |
3436 | 1,036 | Net cash flows provided by financing activities for the twelve months ended December 31, 2006 were $59.7 million compared to $1.6 million used in financing activities in 2005. The 2006 amount included the net proceeds from the issuance of $20.0 million in subordinated debentures on March 31, 2006 and the issuance of perpetual preferred stock in December 2006, net of issuance costs, for $39.6 million. The Company paid common stockholder dividends of $2.0 million in each of 2006 and 2005. | 80 | 10K |
1310 | 610 | Included in the stock acquisition agreement is an earnings covenant whereby UTG warrants UTG and its subsidiaries and affiliates will have future earnings of at least $30,000,000 for a five year period beginning January | 34 | 10K |
RSAInsuranceGroupPLC-AR_2014 | 882 | • Increased scrutiny of the near-term performance, including achievement of key milestones in line with the three-year strategic turnaround plan | 20 | annual_report |
INGGroepNV-AR_2009 | 1,220 | Issuance costs incurred –20 –20 –20 Employee stock option and share plans 31 31 31 Issue of non-voting equity securities 10,000 10,000 Changes in the composition of the group –455 –455 Dividends (3) –3,600 –3,600 –32 –3,632 Purchase/sale of treasury shares –44 –1,986 –2,030 –2,030 Exercise of warrants and options 5 443 448 448 | 54 | annual_report |
NatixisSA-AR_2008 | 2,374 | In 2008, Natixis Asset Management provided €2.5 million in fi nancing via its UCI Insertion Emplois Équilibre for 58 jobcreation projects in association with the non-profi t foundation | 28 | annual_report |
2724 | 813 | Marsh will implement company-wide written standards of conduct relating to compensation and will train relevant employees in a number of subject matters, including business ethics, professional obligations, conflicts of interest, anti-trust and trade practices compliance, and record keeping. | 38 | 10K |
4405 | 2,094 | Credit derivative transactions are governed by ISDA documentation and have different characteristics from financial guaranty insurance contracts. For example, the Company's control rights with respect to a reference obligation under a credit derivative may be more limited than when the Company issues a financial guaranty insurance contract. In addition, while the Company's exposure under credit derivatives, like the Company's exposure under financial guaranty insurance contracts, has been generally for as long as the reference obligation remains outstanding, unlike financial guaranty contracts, a credit derivative may be terminated for a breach of the ISDA documentation or other specific events. A loss payment is made only upon the occurrence of one or more defined credit events with respect to the referenced securities or loans. A credit event may be a non-payment event such as a failure to pay, bankruptcy or restructuring, as negotiated by the parties to the credit derivative transactions. If events of default or termination events specified in the credit derivative documentation were to occur, the non-defaulting or the non-affected party, which may be either the Company or the counterparty, depending upon the circumstances, may decide to terminate a credit derivative prior to maturity. The Company may be required to make a termination payment to its swap counterparty upon such termination. The Company may not unilaterally terminate a CDS contract; however, the Company has mutually agreed with various counterparties to terminate certain CDS transactions. | 234 | 10K |
364 | 276 | The Insurance Companies and their subsidiaries have in place unsecured lines of credit with local financial institutions under which they may borrow up to an aggregate of $9.2 million. At December 31, 1996, $1.55 million was outstanding on one of these lines of credit, which has an annual interest rate equal to the lending institutions' prime rate minus one-half percentage point. Old Guard Investment borrowed this $1.55 million to finance its initial investment in New Castle and First Delaware and subsequently repaid the loan in 1997 after the completion of the Conversion. In addition, at December 31, 1996, Old Guard Mutual had a $1.5 million surplus note outstanding. The holder elected to exchange the $1.5 million balance of the surplus note for 150,000 shares of Common Stock of the Company upon completion of the Conversion. | 135 | 10K |
4465 | 1,238 | A single large loss or an unexpected rise in claims severity or frequency due to a catastrophic event could present us with a liquidity risk. In an effort to control such losses, we avoid marketing property casualty insurance in specific geographic areas and monitor our exposure in certain coastal regions. An example of this is the reduction of our homeowner policies in the southeastern coastal region in recent years. This area was identified as a major contributor to our catastrophe probable maximum loss estimates and has subsequently been greatly reduced. We also continually review aggregate exposures to huge disasters and purchase reinsurance protection to cover these exposures. We use the Risk Management Solutions (RMS) and Applied Insurance Research (AIR) models to evaluate exposures to a once-in-a-100 year and a once-in-a-250 year event to help determine appropriate reinsurance coverage programs. In conjunction with these activities, we also continue to evaluate information provided by our reinsurance broker. These various sources explore and analyze credible scientific evidence, including the impact of global climate change, which may affect our exposure under insurance policies. | 179 | 10K |
3688 | 929 | Our income tax expense (benefit) from continuing operations was as follows: | 11 | 10K |
1868 | 586 | (3) Earnings per share information for 2001 represents unaudited pro forma earnings per common share for the year ended December 31, 2001. For purposes of calculating pro forma per diluted share information, weighted-average shares outstanding were used. For the period January 1, 2001 through October 25, 2001, we estimated 360.8 million common shares were outstanding. This consists of 260.8 million shares issued to eligible policyholders in our demutualization and the 100.0 million shares issued in our initial public offering ("IPO") which closed on October 26, 2001. For the period October 26, 2001 through December 31, 2001, actual shares outstanding were used in the weighted-average share calculation. | 106 | 10K |
4755 | 1,064 | Operating ROE increased modestly from 12.3% in 2012 to 12.7% in 2013. The increase in Operating ROE was primarily due to higher operating earnings in 2013 compared to 2012, as described above, and the accretive impact of share repurchases, which were partially offset by a higher beginning diluted book value per share at January 1, 2013 compared to January 1, 2012. The factors contributing to increases or decreases in operating earnings are described further in Review of Net Income (Loss) below. | 81 | 10K |
4567 | 1,242 | Return on equity is calculated as net income for the period divided by the average of beginning and ending shareholders’ equity. This ratio measures our overall after-tax profitability and shows how efficiently invested capital is being used. | 37 | 10K |
PosteItalianeSpA-AR_2020 | 7,964 | Nevertheless, at 31 December 2020, the mortality risk is limited for the Group, considering the features of the products offered. The only area where this risk is somewhat significant is term life insurance. With reference to these products, a comparison is periodically made between actual deaths and those predicted by the demographic bases adopted for pricing. Moreover, mortality risk is mitigated through reinsurance and by setting limits on both the capital and the age of the policyholder when policies are sold. | 81 | annual_report |
ASRNederlandNV-AR_2014 | 822 | Sh ar e p re m iu m r es er ve | 12 | annual_report |
4702 | 1,763 | CNO had no fixed maturity investments that were in excess of 10 percent of shareholders' equity at December 31, 2013 and 2012. | 22 | 10K |
NatixisSA-AR_2016 | 3,328 | precision and consistency analysis, stress tests, analysis of model suitability, etc. | 11 | annual_report |
NatixisSA-AR_2015 | 2,077 | V the strengthening of prudential and fiscal controls; V the reinforcement of monitoring of local control systems and support for the Review officers. | 23 | annual_report |
2188 | 853 | The Closed Block Business consists principally of the Closed Block, assets held outside the Closed Block that Prudential Insurance needs to hold to meet capital requirements related to the Closed Block policies, invested assets held outside the Closed Block that represent the difference between the Closed Block assets and Closed Block liabilities and the interest maintenance reserve, deferred policy acquisition costs related to Closed Block policies, the principal amount of the IHC debt and related hedging activities and certain other related assets and liabilities. | 84 | 10K |
LloydsBankingGroupPLC-AR_2019 | 4,426 | 4 Other comprises: items in the course of collection from banks; investment properties; goodwill; value in-force business; other intangible assets; tangible fixed assets; current tax recoverable; deferred tax assets; retirement benefit assets; investments in joint ventures and associates; assets arising from reinsurance contracts held and other assets. | 47 | annual_report |
4391 | 1,923 | The words “believe,” “anticipate,” “estimate,” “project,” “should,” “plan,” “expect,” “intend,” “hope,” “feel,” ”foresee,” “will likely result,” or “will continue,” and variations thereof and similar expressions, identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future events or otherwise. | 70 | 10K |
4756 | 3,521 | procedures, product design, product disclosure, administration, additional premium charges for premiums paid on a periodic basis, denial or delay of benefits, charging excessive or impermissible fees on products, recommending unsuitable products to customers, our pricing structures and business practices in our mortgage insurance businesses, such as captive reinsurance arrangements with lenders and contract underwriting services, violations of the Real Estate Settlement and Procedures Act of 1974 (“RESPA”) or related state anti-inducement laws, and mortgage insurance policy rescissions and curtailments, and breaching fiduciary or other duties to customers, including but not limited to breach of customer information. Plaintiffs in class action and other lawsuits against us may seek very large or indeterminate amounts which may remain unknown for substantial periods of time. In our investment-related operations, we are subject to litigation involving commercial disputes with counterparties. We are also subject to litigation arising out of our general business activities such as our contractual and employment relationships. In addition, we are also subject to various regulatory inquiries, such as information requests, subpoenas, books and record examinations and market conduct and financial examinations from state, federal and international regulators and other authorities. A substantial legal liability or a significant regulatory action against us could have an adverse effect on our business, financial condition and results of operations. Moreover, even if we ultimately prevail in the litigation, regulatory action or investigation, we could suffer significant reputational harm, which could have an adverse effect on our business, financial condition or results of operations. | 248 | 10K |
4096 | 471 | •The California industry indemnity claim frequency decreased an average of 6% per year, and the average cost of an indemnity claim increased an average of 14% per year for accident years 2006 through 2008. The California industry combined frequency and severity trend for accident years 2006 through 2008 was on average 7% per year. This compares to our average combined frequency and severity trend of 8% for those same years. | 70 | 10K |
LloydsBankingGroupPLC-AR_2017 | 509 | Our approach to tax is governed by our Tax Policy which is part of our Board-approved Group Risk Management Framework. We have discussed this Policy with HMRC and we comply with their Code of Practice on Taxation for Banks and the Confederation of British Industry’s Statement of Tax Principles. We do not interpret tax laws in a way that we believe is contrary to the intention of Parliament, and we do not promote tax avoidance products to our customers. You can read more about our Tax Strategy online. | 88 | annual_report |
2048 | 354 | Restated to reflect an adjustment to the Company’s historical accounting for CNA’s investment in life settlement contracts and the related revenue recognition. See Note T of the Consolidated Financial Statements included under Item 8 for further discussion. | 37 | 10K |
AvivaPLC-AR_2014 | 182 | • Complete proposed acquisition of Friends Life to: – add up to c.£70 billion of funds for Aviva Investors | 19 | annual_report |
ScorSE-AR_2008 | 1,100 | Other offi ces and positions held in any company in France and abroad as at the date of the | 19 | annual_report |
3269 | 4,838 | CASH AND INVESTED ASSETS. Aggregate invested assets, including cash and short-term investments, were $13,957.1 million at December 31, 2006 and $12,970.8 million at December 31, 2005. This increase in cash and invested assets resulted primarily from $636.3 million in cash flows from operations, $176.4 million of foreign currency translation gains, $35.1 million of net realized capital gains and a $131.7 million increase in net pre-tax unrealized appreciation of the Company’s investments comprised of a $191.9 million increase in pre-tax unrealized appreciation on the equity securities portfolio, partially offset by a $60.2 million decrease in pre-tax unrealized appreciation in fixed maturities portfolio. Cumulative gross pre-tax unrealized appreciation and depreciation across the Company’s investment portfolio were $594.5 million and $122.8 million, respectively, at December 31, 2006 compared to $443.1 million and $103.1 million, respectively, at December 31, 2005. | 136 | 10K |
NatixisSA-AR_2006 | 2,875 | On the creation of Natixis, the market activities of the former Natexis Banques Populaires and Ixis Corporate & Investment Bank were juxtaposed. They were combined within the Corporate and Investment Banking division as part of the Capital Markets business. The principles of the market risk organization in place within Ixis Corporate & Investment Bank and Natixis have therefore been maintained, while a reconciliation process has also been initiated in order to implement the system described below. The overall consistency of procedures and the development thereof are ensured by the centralization of key decisions. | 93 | annual_report |
4092 | 911 | In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Penn Millers Holding Corporation and subsidiary as of December 31, 2009 and 2008, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2009, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the related financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein. | 98 | 10K |
4392 | 1,135 | For the year ended December 31, 2011, the Company recognized net favorable development on prior accident year segregated portfolio cell reinsurance reserves of $2.9 million, representing 12.6% of the Company’s estimated segregated portfolio cell reinsurance reserves as of December 31, 2010 and 10.1% of the Company’s segregated portfolio cell reinsurance net premiums earned for the year ended December 31, 2011. The favorable development arose primarily from accident years 2010 and 2009, but was generally prevalent in most prior accident years, and resulted from actual loss development being somewhat lower than the Company had expected based on its historical loss development experience, reflecting continued improvements in loss mitigation and underwriting. | 109 | 10K |
4514 | 990 | •tax laws, regulations, agreements and treaties change frequently, requiring us to modify existing tax strategies to conform to such changes, and | 21 | 10K |
2206 | 2,596 | SLNY leases various facilities and equipment under non-cancelable operating leases with terms of up to 10 years. As of December 31, 2003, minimum future lease payments under such leases are as follows (in 000's): | 34 | 10K |
BaloiseHoldingLtd-AR_2016 | 2,920 | Gross premiums written and policy fees 3,050.0 3,783.4 6,833.4 3,140.7 3,570.9 6,711.6 | 12 | annual_report |
ASRNederlandNV-AR_2011 | 419 | The current Articles of Association and rules of procedure for the Executive Board and the Supervisory Board have been posted on the corporate website: www.asrnl.com. | 25 | annual_report |
4833 | 1,488 | As of December 31, 2013, the holding company’s sources of liquidity included $221.7 million of cash and cash equivalents and $600.0 million available on the Company’s revolving credit facility. Management believes that liquidity at the holding company is sufficient to satisfy anticipated cash requirements and obligations for at least the next twelve months. | 53 | 10K |
gb_prudential-AR_2012 | 2,379 | Investments Determining the fair value of fi nancial investments when the markets are not active The Group holds certain fi nancial investments for which the markets are not active. These can include fi nancial investments which are not quoted on active markets and fi nancial investments for which markets are no longer active as a result of market conditions eg market illiquidity. When the markets are not active, there is generally no or limited observable market data to account for fi nancial investments at fair value. The determination of whether an active market exists for a fi nancial investment requires management’s judgement. | 102 | annual_report |
fr_axa-AR_2013 | 2,464 | Suet Fern Lee for a four-year term (their biographies are presented below in this Section 2.1). | 16 | annual_report |
2801 | 690 | Policy acquisition costs, net of amortization, increased $6.1 million, or 72.9%, to $14.6 million for year ended December 31, 2005, as compared to $8.4 million for the year ended December 31, 2004. Policy acquisition costs, net of amortization, consists of the actual policy acquisition costs, including commissions, payroll and premium taxes, less commissions earned on reinsurance ceded and policy fees earned. | 61 | 10K |
1849 | 915 | The following table sets forth the changes in the total mutual fund assets, excluding wrap-fee products, and the balance of wrap-fee product assets and annuities, at fair market value for mutual funds and account value for annuities, and net sales of our Retail Investments mutual fund and annuity products for the periods indicated. Net sales (redemptions) are gross sales minus redemptions or surrenders and withdrawals, as applicable. Neither sales nor net sales are revenues under GAAP; they are, however, relevant measures of sales and business activity. Revenues are derived from fees and spread income as discussed above. | 97 | 10K |
4803 | 3,511 | available reserves or escrows, current subordination levels, third party guarantees and other credit enhancements. Other information, such as industry analyst reports and forecasts, sector credit ratings, financial condition of the bond insurer for insured fixed income securities, and other market data relevant to the realizability of contractual cash flows, may also be considered. The estimated fair value of collateral will be used to estimate recovery value if the Company determines that the security is dependent on the liquidation of collateral for ultimate settlement. If the estimated recovery value is less than the amortized cost of the security, a credit loss exists and an other-than-temporary impairment for the difference between the estimated recovery value and amortized cost is recorded in earnings. The portion of the unrealized loss related to factors other than credit remains classified in accumulated other comprehensive income. If the Company determines that the fixed income security does not have sufficient cash flow or other information to estimate a recovery value for the security, the Company may conclude that the entire decline in fair value is deemed to be credit related and the loss is recorded in earnings. | 189 | 10K |
SwissReAG-AR_1985 | 587 | Retrocessionaire: Company which accepts -> risks by way of ^ retrocession. | 11 | annual_report |
5924 | 851 | We also continue to focus on expense discipline. During the second quarter of 2020, we implemented a plan that significantly reduced expenses in 2020, and we expect to continue to manage expenses aggressively going forward. | 35 | 10K |
1801 | 294 | (4) We received proceeds from our December 2001 public offering and private placement offerings in 2000, 1999 and 1998. For more information, see Note B, Equity Transactions, to our consolidated financial statements. | 32 | 10K |
SwissReAG-AR_2018 | 2,195 | ̤ Aggregate amount of variable short-term compensation for the members of the Group EC for the financial year 2018. | 19 | annual_report |
fr_axa-AR_2003 | 2,764 | accounts as the securities transferred are intended for long-term holding. The impact of these transfers on the Group shareholder’s equity (its counterpart being recorded in minority interest) is identified in the “Internal restructurations” | 33 | annual_report |
2312 | 1,348 | The following summarizes selected balance sheet information of CFC as of December 31, 2002: | 14 | 10K |
SwissLifeHoldingAG-AR_2016 | 902 | When selecting suppliers, Swiss Life bases its decisions on ethical and ecological principles and works with local suppliers whenever possible. | 20 | annual_report |
4521 | 964 | Deferred Annuities’ sales decreased 37% in 2012 compared to 2011. This was primarily the result of the low interest rate environment, which we believe has driven a decline in overall industry sales of deferred annuities and increased competition for customers. | 40 | 10K |
RaiffeisenBankInternationalAG-AR_2015 | 287 | There was no allocation of share-based payments in 2015, as no SIP tranche had been issued in 2010 owing to the merger between Raiffeisen International with the principal business areas of Raiffeisen Zentralbank Österreich AG. Moreover, the term of the program was extended to five years in accordance with legal regulations. Therefore, the next SIP tranche will not mature before 2016. | 61 | annual_report |
3990 | 2,337 | The fair values presented in the table above have been estimated using market information when available. The following is a description of the valuation methodologies and inputs used by the Company to determine fair value. | 35 | 10K |
2174 | 1,148 | In establishing the reserves for losses and loss adjustment expenses, we have made various assumptions relating to the pricing of our reinsurance contracts and insurance policies and have also considered available historical industry experience and current industry conditions. Our reserving method for 2003 and 2002 was primarily the expected loss method, which is commonly applied when limited loss experience exists. We select the initial expected loss and loss adjustment expense ratios based on information derived by our underwriters and actuaries during the initial pricing of the business, supplemented by industry data where appropriate. These ratios consider, among other things, rate increases and changes in terms and conditions that have been observed in the market. Any estimates and assumptions made as part of the reserving process could prove to be inaccurate due to several factors, including the fact that very limited historical information has been reported to us through December 31, 2003. Reinsurance operations by their nature add further complexity to the reserving process in that there is an inherent additional lag in the timing and reporting of a loss event to a reinsurer from an insured or ceding company through a broker. As actual loss information is reported to us and we develop our own loss experience, our reserving methods will also include other actuarial techniques. It is possible that claims in respect of events that have occurred could exceed our reserves and have a material adverse effect on our results of operations in a future period or our financial condition in general. | 253 | 10K |
fr_axa-AR_2011 | 8,304 | Macro hedge and other derivative instruments on insurance and investment contracts (liabilities) - - (1,241) (1,241) - - (395) (395) | 20 | annual_report |
1417 | 377 | At the closing of each securitization that is accounted for as a sale, the Company removes from its Consolidated Balance Sheet the lease receivables held for sale and adds to its Consolidated Balance Sheet (i) the cash received and (ii) the allocated cost of the Residuals which consists of (a) cash collateral account ("Cash Collateral Account") and (b) net excess cash flows. The excess of the cash received by the Company | 71 | 10K |
StorebrandASA-AR_2011 | 844 | Storebrand’s Articles of Association stipulate that the chairman of the Board of | 12 | annual_report |
fr_axa-AR_2017 | 1,105 | Profit or loss on financial assets (under Fair Value option) and derivatives 10 8 | 14 | annual_report |
182 | 460 | For the direct retained and assumed reinsurance without LAE claim limits, the Company is only one of a group of insurers. Each member of the group partici- pates in the handling and monitoring of the claim and the group selects one attorney to defend the case. Legal fees are prorated among the group based on each member's number of years of coverage. For assumed reinsurance with LAE limits, claims represent upper level excess policies assumed from the London market. As such, the primary insurers handle claim settlements and the Company pays its portion of the claim and LAE, up to its retention amounts, based on the settlement amounts determined by the primary insurers. | 113 | 10K |
1241 | 778 | Cash generated by the Company's insurance subsidiaries is made available to PennCorp principally through periodic payments of principal and interest on surplus debentures issued by PLAIC, Constitution (sold July 30, 1999) and Pioneer Security (collectively, the "Surplus Note Companies"). The surplus debentures issued by PLAIC and Constitution were paid in full in connection with the consummation of the sale of the Career Sales Division. In connection with the acquisition of Southwestern Life from SW Financial which was part of a subsidiary realignment, PLAIC issued a new surplus debenture to SW Financial in the amount of $150,000. With respect to Constitution, Pioneer Security and PLAIC (as a result of its surplus debenture issued as of July 30, 1999), the surplus debenture payments have been made to non-insurance intermediate holding companies and paid to the Company in the form of dividends and tax sharing payments. The amounts outstanding under the surplus debentures totaled $258,335 and $453,118 as of December 31, 1999 and 1998, respectively. These surplus debentures generally require (subject to availability of statutory capital and surplus and in some instances, regulatory approval) principal and interest payments to be made quarterly. | 189 | 10K |
NatixisSA-AR_2002 | 2,741 | Our internet-based online offering was enhanced with simple long-term swap quotations. The product offering was broadened substantially and opened up further growth prospects which give the business the potential to rank among the leading global players in the sector. | 39 | annual_report |
2675 | 1,119 | In the discussion of operating results we sometimes refer to supplemental information extracted from consolidated financial information, which U.S. GAAP does not require to be presented in the financial statements. | 30 | 10K |
de_allianz-AR_2009 | 1,131 | 2) For further information please refer to Note 50 to our consolidated financial statements. | 14 | annual_report |
GjensidigeForsikringASA-AR_2012 | 634 | The total assets under management increased by NOK 2,731.2 million 5,376.4), amounting to NOK 20,478.9 million (17,747.7) at year end 2012. | 21 | annual_report |
5903 | 1,600 | Our portfolio management approach, while emphasizing our investment income yield and asset/liability risk management objectives, also takes into account the capital and tax implications of portfolio activity and our assertions regarding our ability and intent to hold debt securities to recovery. For a further discussion of our allowance for credit losses, including our assertions regarding any intention or requirement to sell debt securities before anticipated recovery, see “-Realized Investment Gains and Losses-Credit Losses” below. | 74 | 10K |
5653 | 1,146 | On January 18, 2017 and November 7, 2017, the Company sold its ownership in the subordinated notes in two CLOs (collectively, the Disposed CLOs). As a result of the sales, the Company determined that it no longer had the controlling interest in such entities. The Company, therefore, deconsolidated its ownership in the subordinated notes of the Disposed CLOs and is no longer reporting the assets and liabilities of the Disposed CLOs in its consolidated balance sheet as of December 31, 2017. The operations of the Disposed CLOs were consolidated in the results of the Company through the respective dates. | 99 | 10K |
3603 | 591 | Gross gains of $4.0 million, $5.9 million and $5.8 million and gross losses of $7.2 million, $18.8 million and $7.4 million were realized on sales of fixed income securities during 2007, 2006 and 2005, respectively. | 35 | 10K |
444 | 402 | On April 18, 1990, the Company obtained a permanent mortgage loan from The Manufacturer's Life Insurance Company. The $8,350,000 mortgage note, with interest at 9.69%, is payable in monthly installments over 10 years based on a thirty year amortization schedule. The remaining outstanding principal balance is payable on April 1, 2000. The proceeds were used to repay an existing construction loan and to fund completion of the Company's headquarters. | 69 | 10K |
4725 | 2,864 | Includes amortized cost and fair value of $34 as of December 31, 2013 and $74 as of December 31, 2012 related to limited partnerships and other alternative investments, the majority of which is domiciled in the United Kingdom. | 38 | 10K |
4769 | 1,025 | The income tax provision on operating income was an expense of $100.9 million for 2013, compared to a benefit of $1.9 million for 2012 and an expense of $2.6 million in 2011. These provisions resulted in effective tax rates for operating income of 30.8%, (14.4)% and 15.5% in 2013, 2012 and 2011, respectively. The increase in expense for 2013 is primarily due to higher underwriting income. The tax benefit in 2012 is primarily due to income from foreign operations not subject to U.S. tax and lower domestic underwriting income. | 89 | 10K |
679 | 494 | 1997 1996 1995 - - -------------------------------------------------------------------------------- Written premiums: Direct $ 361.4 $ 338.6 $ 285.3 Assumed 257.1 232.6 182.9 Ceded (120.0) (116.8) (59.9) ---------------------------------- | 24 | 10K |
fr_axa-AR_2008 | 217 | (a) Since 2008, the net income per share takes into account interest charges and foreign exchange impacts related to perpetual debts classified in shareholders’ equity, with retroactive impact on prior years. | 31 | annual_report |
1803 | 466 | The management of CII Financial, Inc. is responsible for the integrity and objectivity of the accompanying consolidated financial statements. The statements have been prepared in conformity with accounting principles generally accepted in the United States of America applied on a consistent basis and are not misstated due to fraud or material error. The statements include some amounts that are based upon the Company's best estimates and judgment. | 67 | 10K |
nl_ing_grp-AR_2017 | 5,961 | Any of the risks described below could have a material adverse effect on the business activities, financial condition, results of operations and prospects of ING. Additional risks of which the Company is not presently aware, or that are currently viewed as less material than the risks described below, could also affect the business operations of ING and have a material adverse effect on ING’s business activities, financial condition, results of operations and prospects. The market price of ING shares or other securities could decline due to any of those risks including the risks described below, and investors could lose all or part of their investments. The sequence in which the risk factors are presented below is not indicative of their likelihood of occurrence or the potential magnitude of their financial consequences. | 131 | annual_report |
BeazleyPLC-AR_2016 | 1,581 | • Performed a more in-depth analysis over data flows, with a particular focus on the classes of business where there has been a recent history of sizeable premium adjustments. | 29 | annual_report |
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