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1003 | 204 | small blocks of business, and as a result, the loss ratio can exhibit significant volatility due to varying levels of claim frequency and severity. Generally, the anticipated aggregate loss ratio for the four products should range between 70% and 75%. The 1998 and 1997 loss ratios were impacted by a higher level of life and disability claims in comparison to a more favorable level of life and disability claims in 1996. | 71 | 10K |
NatwestGroupPLC-AR_2004 | 2,605 | The following table summarises fair values of options issued in each year: Exercise price Fair value Life Exercise price Fair value Life Exercise price Fair value Life | 27 | annual_report |
NatwestGroupPLC-AR_2016 | 8,903 | The longer term effects of the EU Referendum on the Group’s operating environment are difficult to predict, and subject to wider global macro-economic trends and events, but are likely to significantly impact the Group and its customers and counterparties who are themselves dependent on trading with the | 47 | annual_report |
3549 | 1,714 | South Korea by $90 million primarily due to higher fees from growth in its guaranteed annuity business and variable universal life business. | 22 | 10K |
gb_lloyds_banking_grp-AR_2010 | 3,942 | Report of the independent auditors on the consolidated financial statements 144 consolidated financial statements 146 notes to the consolidated financial statements 153 | 22 | annual_report |
2076 | 807 | Our insurance subsidiaries experienced increased lapse rates on annuity policies during 2002. We believe that the diversity of the investment portfolios of our insurance subsidiaries and the concentration of investments in high-quality, liquid securities provide sufficient liquidity to meet foreseeable cash requirements of our insurance subsidiaries. At December 31, 2002, we held $1.1 billion of cash and cash equivalents and $15.8 billion of publicly traded investment grade bonds. Our insurance subsidiaries could readily liquidate portions of their investments, if lapses continue at current levels. In addition, investments could be used to facilitate borrowings under reverse-repurchase agreements or dollar-roll transactions. Such borrowings have been used by the insurance subsidiaries from time to time to increase their return on investments and to improve liquidity. The availability of reverse-repurchase agreements and dollar-roll transactions is dependent on counter parties' willingness to enter into the transactions, and, consequently, no assurance can be given that such transactions will be available in the future. | 157 | 10K |
4606 | 12,439 | Insurance and investment product fees on our life and annuity products decreased $9.7 million in the three months ended December 31, 2012 compared with the three months ended December 31, 2011. Lower fees for the fourth quarter of 2012 were primarily a result of a $13.9 million decrease in COI charges related to declining universal life insurance in force. Partially offsetting these declines were higher investment product fees related to an increase in outstanding annuity policies. | 76 | 10K |
Sampoplc-AR_2015 | 530 | In life insurance operations profit before taxes rose to EUR 181 million (163). Return on equity (RoE) amounted to 12.7 per cent (11.4). Premium income on own account increased to EUR 1,144 million (1,105). The reserve for lower discount rates was further strengthened by EUR 109 million during 2015. The rates used for 2016, 2017 and 2018 are 1.0 per cent, 1.25 per cent, and 2.25 per cent, respectively. | 69 | annual_report |
fr_axa-AR_2019 | 8,151 | From year N+11 until the last benefit payments is paid 18,919 62 | 12 | annual_report |
fr_axa-AR_2008 | 3,443 | 1.18.4. Unbundling The Group unbundles the deposit component of contracts when required by IFRS 4, i.e. when both the following conditions are met: • the Group can measure separately the “deposit” component (including any embedded surrender option, i.e. without taking into account the “insurance” component); • the Group accounting methods do not otherwise require to recognize all obligations and rights arising from the “deposit” | 64 | annual_report |
4197 | 809 | On a quarterly basis, we perform reviews of our investments to determine whether declines in market value below the cost basis are considered other-than-temporary in accordance with applicable accounting guidance regarding the recognition and presentation of OTTI. The process of determining whether a security is other-than-temporarily impaired requires judgment and involves analyzing many factors. These factors include (i) an analysis of the liquidity, business prospects and overall financial condition of the issuer, (ii) the time period in which there was a significant decline in value, (iii) the significance of the decline, and (iv) the analysis of specific credit events. We evaluate the unrealized losses of our equity securities by issuer and determine if we can forecast a reasonable period of time by which the fair value of the securities would increase and we would recover our cost. If we are unable to forecast a reasonable period of time in which to recover the cost of our equity securities, we record a net impairment loss in earnings equivalent to the entire unrealized loss. | 172 | 10K |
5887 | 570 | Net realized capital gains/losses: Net realized capital gains/losses are a function of the difference between the amount received by us on the sale of a security and the security’s recorded value as well as any "other-than-temporary impairments" relating to fixed maturity investments recognized in earnings. | 45 | 10K |
3082 | 1,444 | Segment net operating income from spread-based retail products decreased $32 million primarily due to an increase in DAC amortization resulting from higher lapses on fixed annuities, unfavorable mortality on life-contingent annuities, lower assets under management from withdrawals of older pre-2004 issued blocks of business outpacing new deposits. We continue to experience the runoff of older pre-2004 issued blocks as initial bonus crediting rates are being reset to lower rates. The decrease in net operating income was also the result of lower net investment income in 2006 as a result of bond calls, mortgage loan prepayments, derivative income and less favorable release of our commercial mortgage loan loss provision in 2006. | 110 | 10K |
4465 | 1,628 | · Risk-free rates are the implied yield currently available on U.S. Treasury issues with a remaining term approximating the expected term. | 21 | 10K |
4225 | 2,050 | AIG is also exposed to reputational risk, which is the risk of direct loss or loss in future business because of damage to AIG's reputation. Damage to the company's reputation can arise from a large number of issues, including potential conflicts of interest; legal and regulatory requirements; ethical issues; and sales and trading practices. In addition, reputational risk can be both the cause of or result from the major risks outlined above. | 72 | 10K |
AdmiralGroupPLC-AR_2005 | 375 | Prior to that, he was Chief Financial Officer of two life insurance companies and several Lloyd’s brokers. He is a fellow of the Institute of | 25 | annual_report |
4067 | 657 | unrealized gains and losses related to investments and unamortized net realized gains and losses on investments for experience-rated contracts. Reserves on experience-rated contracts reflect the rights of contractowners, plan participants, and the Company. During 2009 and 2008, given the economic environment, which resulted in significant net realized and unrealized losses, the Company did not include the net unrealized and unamortized realized losses associated with experienced-rated contracts in Future policy benefits and claims reserves. The net unrealized losses are reflected in Accumulated other comprehensive (loss) income, and the amortization of the unamortized realized losses has been recorded in Interest credited and other benefits to contractowners. Reserves for group immediate annuities without life contingent payouts are equal to the discounted value of the payment at the implied break-even rate. | 127 | 10K |
2249 | 783 | Awards under the Company’s plans vest over periods ranging from one to four years. Therefore, the cost related to stock-based employee compensation included in the determination of net income for 2003 and prior years is less than that which would have been recognized if the fair value based method had been applied to all awards since the first options were granted in 1999. The following table sets forth the effect on net income and earnings per share if the fair value based method had been applied to all outstanding and unvested awards for the years ended December 31: | 98 | 10K |
3511 | 4,543 | The Property-Liability portfolio's investment strategy emphasizes safety of principal and consistent income generation, within a total return framework. This approach, which has produced competitive returns over time, is designed to ensure financial strength and stability for paying claims, while maximizing economic value and surplus growth. We employ a strategic asset allocation model, which | 53 | 10K |
fr_axa-AR_2007 | 1,027 | Mutual fund retail net sales increased by €750 million (+38% on a comparable basis) to €2,609 million. This is a key area of growth in Australia and reflects continued strong inflows into the mezzanine “global equity fund” as well as into Personal superannuation sold through Summit and Generations platforms. Furthermore, recent legislative changes in Australia led to a one-time spike in superannuation (1) AXA interest in AXA Asia Pacific Holdings is 53.86% broken down into 53.00% direct interest holding and an additional 0.86% owned by the AAPH Executive plan trust. | 90 | annual_report |
5696 | 593 | as well as the absence of intent to sell or requirement to sell securities prior to recovery. In addition, we consider price declines in our OTTI analysis when they provide evidence of declining credit quality, and we distinguish between price changes caused by credit deterioration as opposed to rising interest rates. | 51 | 10K |
5789 | 1,362 | This plan, which was established on April 25, 2012, provides for the granting of incentive stock options, time-based or performance-based non-statutory stock options, share appreciation rights, restricted shares, time-based or performance-based RSUs, performance-based awards and other share-based grants or any combination thereof (collectively referred to as ‘Awards’) to employees, officers, non-employee directors and consultants (‘Eligible Individuals’) of the Company (‘2012 Plan’). The board of directors also adopted a sub-plan under the 2012 Plan to provide an employee sharesave scheme in the U.K. | 82 | 10K |
3995 | 1,375 | Other operating expense includes $16.0 million, $13.7 million and $12.0 million in 2009, 2008 and 2007, respectively, of stock-based compensation expense, after the effect of the deferral and amortization of policy acquisition costs, related to stock-based compensation for our underwriters. At December 31, 2009, there was approximately $22.9 million of total unrecognized compensation expense related to unvested options and restricted stock awards and units that is expected to be recognized over a weighted-average period of 2.6 years. In January 2010, we granted $12.2 million of restricted stock awards, with a weighted-average life of 7.9 years, to key employees. In 2010, we expect to recognize $13.2 million of compensation expense, including the amortization of deferred policy acquisition costs, for all stock-based awards outstanding at December 31, 2009 plus the newly-granted 2010 awards. | 131 | 10K |
AssicurazioniGeneraliSpA-AR_2019 | 1,156 | Policyholders' interests on operating income from own investments -17,793 -807 n.m. | 11 | annual_report |
StandardLifeAberdeenPLC-AR_2015 | 2,427 | The assets and liabilities of operations held for sale at 31 December 2014 primarily related to the Group’s Canadian business which was sold on 30 January 2015 and included the SLAL Canada Branch, the assets and liabilities of which were transferred on 31 December 2015. Refer to Note 1 for further details. The breakdown of these assets and liabilities at 31 December 2014 was as follows: Financial instruments Other | 69 | annual_report |
PhoenixGroupHoldingsPLC-AR_2011 | 110 | Ignis is incentivised to maximise investment performance for the Group’s policyholders through performance fee arrangements. In addition, Ignis is seeking to grow the assets it manages for third party investors in both the retail and institutional markets. | 37 | annual_report |
BeazleyPLC-AR_2020 | 1,943 | The reinsurance security committee examines and approves all reinsurers to ensure that they possess suitable security. The group’s ceded reinsurance team ensures that these guidelines are followed, undertakes the administration of reinsurance contracts and monitors and instigates our responses to any erosion of the reinsurance programmes. | 46 | annual_report |
5728 | 940 | A third method is the Bornhuetter-Ferguson (“B-F”) method, which is also utilized for estimating unpaid loss and LAE amounts. Each B-F technique is a blend of chain ladder development methods and an expected loss method, whereby the total reserve estimate equals the unpaid portion of a predetermined expected unpaid ultimate loss projection. The unpaid portion is determined based on assumptions underlying the development methods. As an experience year matures and expected unreported (or unpaid) losses become smaller, the initial expected loss assumption becomes gradually less important. This has the advantage of stability, but it is less responsive to actual results that have emerged. Two parameters are needed in each application of the B-F method: an initial assumption of expected losses and the expected reporting or payment pattern. Initial expected losses for each accident period other than the current year is determined using the estimated ultimate loss ratio from the prior analysis. Initial expected losses for the current year’s accident periods are determined based on trends in historical loss ratios, rate changes, and underlying loss trends. The expected reporting pattern is based on the reported or paid loss development method described above. This method is often used in situations where the reported loss experience is relatively immature or lacks sufficient credibility for the application of other methods. | 216 | 10K |
ScorSE-AR_2011 | 990 | The key characteristics of these SCOR Non-Life renewals at 1 January 2011 were as follows (all figures below are at constant exchange rates): stable weighted average underwriting ratio (-0.2 percentage points), hence stability of expected technical profitability; 13% rise in gross written premiums to a total of EUR 2,056 million, including two major quota share contracts one motor treaty in the UK and one whole account treaty in China - corresponding to 2 new “Strong Momentum” | 78 | annual_report |
3992 | 9,023 | · Investments as of December 31, 2009 totaled $60.22 billion, reflecting an increase in carrying value of $445 million from $59.77 billion as of December 31, 2008. | 27 | 10K |
5602 | 2,929 | On December 22, 2017, the U.S. enacted Public Law 115-97, known informally as the Tax Cuts and Jobs Act (the Tax Act). The Tax Act reduced the statutory rate of U.S. federal corporate income tax to 21 percent and enacted numerous other changes impacting AIG and the insurance industry. At December 31, 2017, we originally recorded a provisional estimate of income tax effects of the Tax Act of $6.7 billion, including a tax charge of $6.7 billion attributable to the reduction in the U.S. corporate income tax rate and tax benefit of $38 million related to the deemed repatriation tax. Our provisional estimate of $6.7 billion was based in part on a reasonable estimate of the effects of the statutory income tax rate reduction on existing deferred tax balances and of certain provisions of the Tax Act. We filed our 2017 consolidated U.S. income tax return and have completed our review of the primary impact of the Tax Act provisions on our deferred taxes. As a result, we consider the accounting for the effects of the rate change on deferred tax balances to be complete and no material measurement period changes were recorded for this item. | 196 | 10K |
2243 | 292 | taxable income or loss those items of income of the non-U.S. subsidiary, TRZ, which are subject to U.S. income tax currently, pursuant to Subpart F income rules of the Internal Revenue Code, and included, as appropriate, in the consolidated federal income tax return. | 43 | 10K |
NatixisSA-AR_2018 | 7,955 | FINANCIAL DATA Consolidated financial statements and notes 355Natixis Registration Document 2018 | 11 | annual_report |
3498 | 1,114 | The decrease to our GAAP combined ratio was due to decreases in both our loss and LAE ratio and expense ratio. Our 2007 results included $48.3 million or 2.6 points of favorable development on prior accident year losses due to lower than expected frequency for professional liability in specialty lines and lower than expected severity for automobile liability in personal lines partially offset by unfavorable development for multiple peril and workers compensation primarily for accident years | 76 | 10K |
3623 | 877 | In June, 2006, the Texas Department of Insurance (TDI) placed VFIC, along with several of its affiliates, into rehabilitation and subsequently into liquidation (except for VIG which remains in rehabilitation). In accordance with the TDI liquidation orders, all VIG subsidiary reinsurance agreements were terminated. Prior to the termination, we assumed various quota share percentages according to which managing general agents (MGAs) produced the business. With respect to business produced by certain MGAs, we assumed 100% of the contracts. For business produced by other MGAs, our assumption was net after VIG cession to other reinsurers. For this latter assumed business, the other reinsurers and their participation varied by MGA. Prior to the termination of the VIG subsidiary reinsurance agreements, the agreements contained no maximum loss limit other than the underlying policy limits. The ceding company’s retention was zero and these agreements could be terminated at the end of any calendar quarter by either party with prior written notice of not less than 90 days. | 163 | 10K |
5618 | 674 | Premiums earned increased 1% to $6,372 million in 2018 from $6,311 million in 2017. Insurance premiums (including the impact of rate changes) are generally earned evenly over the policy term, and accordingly recent rate increases will be earned over the upcoming quarters. Premiums earned in 2018 are related to business written during both 2018 and 2017. Audit premiums were $192 million in 2018 compared with $172 million in 2017. | 69 | 10K |
NatixisSA-AR_2007 | 3,800 | and give information on potential variations in P&L, activity by activity, historical stress tests involve reproducing groups of variations in market parameters observed during previous periods of crisis, over a short time horizon, in order to provide ex-post simulation of the orders of magnitude of variations in recorded P&L. Although these stress scenarios have no predictive power, they allow a judgment to be made of exposure to known scenarios. Seven historical stress scenarios were defi ned, theoretical stress scenarios, also called “overall stress” | 83 | annual_report |
SwissReCorporateSolutions-AR_2018 | 453 | Tax rate reconciliation The following table reconciles the expected tax expense/benefit at the Swiss statutory tax rate to the actual tax expense/benefit in the accompanying income statement: Income tax at the Swiss statutory tax rate of 21.15% (2017: 20.61%) –196 –119 Increase (decrease) in the income tax charge resulting from: Foreign income taxed at different rates 23 7 Impact of foreign exchange movements –12 5 Tax exempt income/dividends received deduction 6 –10 Change in valuation allowance 4 5 Change in statutory rate –15 –7 Other income based taxes 3 22 Other, net1 –17 –16 | 94 | annual_report |
ASRNederlandNV-AR_2008 | 194 | ASR rents out its investment properties to third-party unassociated companies by means of various rental contracts that cannot be cancelled. Certain contracts contain renewal options for various periods of time. The rent revenues are recognised as investment income on a straight-line basis over the period to which they relate. | 49 | annual_report |
5422 | 2,484 | Total Mutual Funds segment AUM increased in 2016 primarily due to market appreciation and the adoption of 10 Schroders' funds partially offset by net outflows and the continued run off of AUM related to the life and annuity run-off business held for sale. | 43 | 10K |
2900 | 656 | Premium estimates, the corresponding acquisition costs, premiums receivable and unearned premium reserves are established on a contract level for significant accounts due but not reported by the ceding company at the end of each accounting period. The estimated ultimate premium for the contract, actual accounts reported by the ceding company, and our own experience on the contract are considered in establishing the estimate at the end of each accounting period. Subsequent adjustments based on actual results are recorded in the period in which they become known. The estimated premiums receivable balances are considered fully collectible. The estimates primarily represent the most current two underwriting years of account for which all corresponding reported accounts have been settled within contract terms. The estimates are considered “critical accounting estimates” because changes in these estimates can materially affect net income. | 136 | 10K |
gb_lloyds_banking_grp-AR_2011 | 4,139 | Derivatives designated as net investment hedges: Cross currency swaps 49 – 1 | 12 | annual_report |
5925 | 1,086 | The Company views gross unrealized losses on fixed maturities as non-credit related and through its assessment of unrealized losses has determined that these securities will recover, allowing the Company to realize the anticipated long-term economic value. The Company currently does not intend to sell, nor does it expect to be required to sell these securities before recovery of their amortized cost. The Company employs a systematic methodology to evaluate declines in fair value below amortized cost for fixed maturity securities. In determining impairments, the Company evaluates several factors and circumstances, including the issuer’s overall financial condition; the issuer’s credit and financial strength ratings; the issuer’s financial performance, including earnings trends and asset quality; any specific events which may influence the operations of the issuer; the general outlook for market conditions in the industry or geographic region in which the issuer operates; and the degree to which the fair value of an issuer’s securities is below the Company’s amortized cost. The Company also considers any factors that might raise doubt about the issuer’s ability to make contractual payments as they come due and whether the Company expects to recover the entire amortized cost basis of the security. | 196 | 10K |
gb_lloyds_banking_grp-AR_2015 | 4,798 | Additional Tier 1 securities issued in the year: Sterling notes (£3,725 million nominal) – 3,725 – | 16 | annual_report |
4502 | 456 | Total Catastrophe loss and LAE reserves, net of reinsurance recoverables, developed favorably by $6.4 million, $1.2 million and $18.1 million for the years ended December 31, 2011, 2010 and 2009, respectively. The Preferred segment reported favorable catastrophe reserve development of $5.5 million, $4.9 million and $18.3 million for the years ended December 31, 2011, 2010 and 2009, respectively. The Life and Health Insurance segment reported favorable catastrophe reserve development of $1.5 million and $0.1 million for the years ended December 31, 2011 and 2009, respectively, and adverse catastrophe reserve development of $3.4 million for the year ended December 31, 2010. | 100 | 10K |
de_allianz-AR_2009 | 3,553 | Allianz SE share option plan of former RAS Group (modified RAS Group share option plan 2005) The former RAS Group awarded eligible members of senior management with share purchase options on RAS ordinary shares. The share options had a vesting period of 18 months to 2 years and a term of 6.5 to 7 years. | 55 | annual_report |
5376 | 1,753 | Our consolidated calendar year net loss ratio was lower than our consolidated current accident year net loss ratio due to the recognition of net favorable loss development, as shown in the previous table. | 33 | 10K |
nl_ing_grp-AR_2015 | 2,313 | Available-for-sale financial assets Available-for-sale financial assets include available-for-sale debt securities and available-for-sale equity securities. Available-for-sale financial assets are initially recognised at fair value plus transaction costs. For available-for-sale debt securities, the difference between cost and redemption value is amortised. Interest income is recognised using the effective interest method. Available-for-sale financial assets are subsequently measured at fair value. Interest income from debt securities classified as available-for-sale is recognised in Interest income banking operations and Investment income in the profit and loss account. Dividend income from equity instruments classified as available- for-sale is generally recognised in Investment income in the profit and loss account when the dividend has been declared. Unrealised gains and losses arising from changes in the fair value are recognised in equity. When the securities are disposed of, the related accumulated fair value adjustments are included in the profit and loss account as Investment income. For impairments of available-for-sale financial assets reference is made to the section ‘Impairments of other financial assets’. Investments in prepayment sensitive securities such as Interest- Only and Principal-Only strips are generally classified as available-forsale. | 180 | annual_report |
AegonNV-AR_2012 | 3,301 | 2.31 Impairment charges / (Reversals) Impairment charges and reversals include impairments and reversals on investments in financial assets, impairments and reversals on the valuation of insurance assets and liabilities and other non-financial assets and receivables. Refer to note 15. | 39 | annual_report |
ScorSE-AR_2008 | 456 | The combination of SCOR and Converium created a group organised as a network based on six platforms (“hubs”) worldwide. Four hubs have been created in Europe (Paris, Zurich, Cologne and London), one in the USA (New York) and one for Asia- Pacifi c (in Singapore). | 45 | annual_report |
NatwestGroupPLC-AR_2012 | 6,481 | The effects on the UK, European and global economies of the potential dissolution of the EMU, exit of one or more EU member states from the EMU and the redenomination of financial instruments from the euro to a different currency, are impossible to predict fully. However, if any such events were to occur they would likely: result in significant market dislocation; heighten counterparty risk; result in downgrades of credit ratings for European borrowers, giving rise to increases in credit spreads and decreases in security values; disrupt and adversely affect the economic activity of the UK and other European markets; and adversely affect the management of market risk and in particular asset and liability management due, in part, to redenomination of financial assets and liabilities and the potential for mismatch. | 129 | annual_report |
NatwestGroupPLC-AR_2019 | 3,264 | Financial crime policies were refreshed and updated to reflect changes to the regulatory environment and industry best practice. | 19 | annual_report |
4179 | 2,901 | In 2009, although total gross written premiums increased by 3.3%, net premiums written had increased by only 0.1% compared to 2008 as a result of the $64.1 million increase in ceded written premiums when compared to 2008. The lower ceded written premium in 2008 reflects the purchase of catastrophe cover in 2007 which protected both the 2007 and 2008 wind seasons. | 61 | 10K |
StandardLifeAberdeenPLC-AR_2017 | 1,868 | Underpins to be applied for deferred variable pay awards to be granted in 2019 in respect of 2018 performance The following table sets out the underpin measures that will be used for the deferred awards to be granted in 2019 (which will be made in respect of 2018 performance). | 49 | annual_report |
501 | 1,132 | 2. Consolidated Balance Sheets, as of December 31, 1996 and December 31, 1995. | 13 | 10K |
HiscoxLtd-AR_2015 | 672 | iv) Accounting for the defined benefit scheme As explained in note 2.15, the Group recognises the present value of the defined benefit obligation less the fair value of plan assets at the balance sheet date. The Audit Committee has reviewed the report of the key judgements in the financial statements from the Chief Financial Officer and is satisfied that the assumptions used to measure the deficit are reasonable. | 68 | annual_report |
NatwestGroupPLC-AR_2019 | 5,038 | It is strongly advised that you seek independent professional advice before making any investment. | 14 | annual_report |
3398 | 1,367 | The Company has exposure to credit risk related to reinsurance balances receivable and reinsurance recoverable on paid and unpaid losses (see Note 5). The credit risk exposure related to these balances is mitigated by several factors, including but not limited to, credit checks performed as part of the underwriting process and monitoring of aged receivable balances. As of December 31, 2007 and 2006, the Company has recorded a provision for uncollectible premiums receivable of $10.8 million and $9.2 million, respectively. | 80 | 10K |
5811 | 442 | For additional discussion regarding business trends, see Part I, Item 1, “Business” of this Annual Report on Form 10-K. | 19 | 10K |
fr_axa-AR_2005 | 620 | For other members of the Management Board, four factors are taken into consideration: – Group performance (adjusted earnings per share and underlying earnings), – AXA stock price performance compared with its competitors, – performance of the business unit or functional area of responsibility, measured against objectives set at the beginning of the year, | 53 | annual_report |
5915 | 1,291 | The following table summarizes the unaudited results of operations for each quarter of 2020 and 2019. | 16 | 10K |
3648 | 3,179 | The estimated fair value of MSRs is principally determined through the use of internal discounted cash flow models which utilize various assumptions as to discount rates, loan-prepayments, and servicing costs. The use of different valuation assumptions and inputs as well as assumptions relating to the collection of expected cash flows may have a material effect on MSRs estimated fair values. | 60 | 10K |
3103 | 6,641 | Activity in the Company’s issued and outstanding Common Stock is summarized as follows: | 13 | 10K |
4158 | 384 | The Company’s accounting policies related to reserves and disclosures for unpaid losses and loss adjustment expenses and related estimates of reinsurance recoverables are particularly critical to an assessment of the Company’s financial results. Given the nature of the surety business, the determination of these balances is inherently a highly subjective exercise which requires management to analyze, weigh and balance numerous macroeconomic, customer specific and claim specific factors and trends, most of which, in and of themselves, are inherently uncertain and difficult to predict. In addition, management believes the other most critical accounting policies and related disclosures for purposes of understanding the Company’s results of operations and financial condition pertain to investments, goodwill and other intangible assets, recognition of premium revenue and the related unearned premium liability and deferred policy acquisition costs. | 131 | 10K |
fr_axa-AR_2016 | 9,529 | At the AXA headquarters, the waste food is separately collected in organic bins in order to recycle them. Since 2016, this canteen is also certifi ed as a “Green Restaurant”. | 30 | annual_report |
SwissReAG-AR_1982 | 586 | Risk premium basis: System of Life reinsurance under wtiicti ttie ̂ reinsurer only participates in ttie deatti risk in so far as it exceeds ttie -> policy reserves (cf. co-insur ance basis). | 32 | annual_report |
743 | 311 | Available-for-sale securities are recorded at fair value, whereas held-to-maturity securities are recorded at amortized cost. Unrealized gains and losses, net of the related income tax effect, on available-for-sale securities are excluded from income and reported in the separate component of shareholders' equity. Transfers of securities between categories are recorded at fair value at the date of transfer. Unrealized gains and losses associated with transfers of securities from held-to-maturity to available-for-sale are recorded in the separate component of shareholders' equity. | 79 | 10K |
2939 | 887 | From time to time, the Company and its subsidiaries are subject to other legal proceedings and claims in the ordinary course of business. In the opinion of management, the effects, if any, of such litigation are not expected to be material to the Company’s consolidated financial condition or results of operations. In addition, regulatory bodies, such as state insurance departments, the Securities and Exchange Commission, the Department of Labor and other regulatory bodies may make inquiries and conduct examinations or investigations concerning our compliance with insurance laws, securities laws, labor laws and the Employee Retirement Income Security Act of 1974, as amended. | 102 | 10K |
5789 | 1,305 | 2013, the court in Tisminesky issued an order sua sponte staying and administratively closing that action pending a determination by the JPML as to whether it should be transferred to the Northern District of Texas for consolidation and coordination with the other Stanford-related actions. On June 11, 2013, Willis of Colorado, Inc. moved to stay the other four actions pending the JPML’s transfer decision. On June 20, 2013, the JPML issued a conditional transfer order for the transfer of the five actions to the Northern District of Texas, the transmittal of which was stayed for seven days to allow for any opposition to be filed. On June 28, 2013, with no opposition having been filed, the JPML lifted the stay, enabling the transfer to go forward. | 126 | 10K |
RaiffeisenBankInternationalAG-AR_2010 | 2,726 | Companies can carry out business with related parties that may affect the entity’s asset, financial and earnings position. The following related companies have been identified mainly as related parties: Parent companies are Raiffeisen-LandesbankenHolding GmbH, Vienna, and Raiffeisen Zentralbank Österreich Aktiengesellschaft, Vienna. | 41 | annual_report |
4999 | 2,171 | Pre-tax income was $123.4 million and $58.9 million in our Bermuda and U.S. companies, respectively, for the year ended December 31, 2014. Pre-tax income was $151.3 million and $106.9 million in our Bermuda and U.S. companies, respectively, for the year ended December 31, 2013. | 44 | 10K |
4736 | 631 | The Financial Services-Insurance Topic of the ASC provides accounting guidance for financial guarantee insurance contracts issued by insurance enterprises, including the recognition and measurement of claim liabilities (i.e. loss reserves). Under this guidance, a loss reserve is recorded on the balance sheet for the excess of (a) unpaid claims plus the present value of expected losses, over (b) the unearned premium reserve (“UPR”) for an insurance contract. Expected losses represent projected net cash flows and are defined as the expected future claims to be paid under an insurance contract plus the impact of potential settlement outcomes upon future installment premiums, less potential recoveries. To the extent (a) is less than (b), no loss reserve is recorded. Changes to the loss reserve estimate in subsequent periods are recorded as a loss and loss expense on the income statement. For those policies where the potential recovery is less than the expected future claims, the resulting net cash outflow is recorded as a “Losses and loss expense reserve” liability. For those policies where losses have been paid, but not yet recovered, the potential recovery may be greater than the expected future claims and the resulting net cash inflow is recorded as a “Subrogation recoverable” asset. | 202 | 10K |
2824 | 1,585 | The Company has certain embedded derivatives which are required to be separated from their host contracts and accounted for as derivatives. These host contracts include guaranteed rate of return contracts, guaranteed minimum withdrawal, accumulation, and interest benefit contracts, and modified coinsurance | 41 | 10K |
5884 | 923 | In March 2020, we issued $600 million of 4.500% senior notes due April 1, 2025 and $500 million of 4.875% senior notes due April 1, 2030. Our net proceeds, reduced for the underwriters' discount and commission and offering expenses paid, were approximately $1,088 million as of December 31, 2020. We used the net proceeds for general corporate purposes. | 58 | 10K |
4311 | 1,117 | · Casualty classes of business, excluding medical malpractice and individual risk contracts, relating to several prior accident years ($11.5 million decrease), | 21 | 10K |
4982 | 1,294 | Consolidated net realized investment gains of $2.6 million during the year ended December 31, 2013 are the result of net realized gains from the sale of debt and equity securities classified as available for sale, following our asset/liability management and tax planning strategies. The net realized gains were partially offset by a $1.0 million other-than-temporary impairments related to certain equity securities that have been at an unrealized loss for a period exceeding six months. | 74 | 10K |
5034 | 1,442 | As outlined in Item 1, "Business," the Insurance segment provides commercial property, casualty and specialty insurance products on a global basis. Our insurance operations are organized into four underwriting divisions: Professional, Casualty, EPC and Specialty. | 35 | 10K |
4178 | 635 | The selected historical consolidated financial data presented below as of and for each of the five years ended December 31, 2010 have been derived from the audited consolidated financial statements of the Company, which have been prepared in accordance with accounting principles generally accepted in the United States of America (‘US GAAP’). | 52 | 10K |
982 | 288 | The growth in administrative fees is consistent with the increased number of annuity and life insurance contracts in force during 1998 compared to the prior two years. Nearly all of the increase in surrender charges over the past two years is attributable to policyholder withdrawals in the Variable Annuities segment, and is driven by an overall increase in variable annuity policy reserves. | 62 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011 | 1,897 | Large and very large losses in reinsurance according to individual calendar years (net) | 13 | annual_report |
2938 | 6,003 | Net premiums earned for the year ended December 31, 2004 decreased $12.9 million, or 4%, to $308.1 million from $320.9 million for 2003. This decrease was a result of a planned decrease in our exited lines segment of $52.6 million compared to the year earlier period, offset by an increase in net premiums earned in the catastrophe and risk excess segment of $39.8 million, or 15%, for the year ended December 31, 2004 as compared to the corresponding prior-year period. The change in this segment was due to similar factors as those discussed above in gross and net premiums written. | 100 | 10K |
5920 | 1,985 | Pursuant to the terms of a Recapitalization Agreement entered into on August 13, 2020 among us, the Trident V Funds, which are advised by Stone Point, and the Dowling Funds (the "Recapitalization Agreement"), we agreed to exchange a portion of our indirect interest in Northshore, the holding company that owns Atrium and Arden, for all of the Trident V Funds’ indirect interest in StarStone U.S. (the “Exchange Transaction”), which is described in Note 5 - "Divestitures, Held-for-Sale Businesses and Discontinued Operations." | 81 | 10K |
4466 | 10,117 | (1)Included in the total liability balance as of December 31, 2010 are reserves for variable annuity death benefits of $85 million, variable annuity income benefits of $211 million, variable annuity accumulation benefits of $88 million, variable annuity withdrawal benefits of $47 million and other guarantees of $168 million. (2)Included in the total liability balance as of December 31, 2011 are reserves for variable annuity death benefits of $116 million, variable annuity income benefits of $175 million, variable annuity accumulation benefits of $105 million, variable annuity withdrawal benefits of $57 million and other guarantees of $191 million. (3)Included in the total liability balance as of December 31, 2009 are reserves for variable annuity death benefits of $92 million, variable annuity income benefits of $269 million, variable annuity accumulation benefits of $66 million, variable annuity withdrawal benefits of $41 million and other guarantees of $82 million. | 144 | 10K |
AvivaPLC-AR_2005 | 1,213 | Cash and cash equivalents at 31 December 48d 10,107 2,960 13,067 12,126 | 12 | annual_report |
SwissReAG-AR_2004 | 1,452 | h in es e lo w la n d s an d th e m id d le re ac h es o f t h e | 27 | annual_report |
212 | 369 | In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Financial Institutions Insurance Group, Ltd. as of December 31, 1995 and 1994, and the consolidated results of their operations and their cash flows for each of the three years in the period ended December 31, 1995 in conformity with generally accepted accounting principles. In addition, in our opinion, the financial statement schedules referred to above, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information required to be included therein. | 103 | 10K |
2289 | 369 | The Company currently has a $1.8 million term loan with Standard Federal Bank, N.A. repayable in monthly installments of principal and interest of $0.1 million, with an interest rate equal to the bank's prime rate (4.25% at June 30, 2003) plus one percent per annum, and a maturity date of September 30, 2004. The loan agreement is collateralized by a security interest in all of the Company's personal property. | 69 | 10K |
444 | 441 | The Company operates in two industry segments: Construction contracting and insurance. Information relating to the two segments is summarized as follows: | 21 | 10K |
1431 | 191 | Under the quota share reinsurance treaty, Farmers Re assumed $1,000.0 million of premiums in each of the years ended 2000 and 1999. Losses and loss adjustment expenses incurred under this treaty were $686.9 million in 2000 and $661.3 million in 1999 and non-life reinsurance commissions paid were $288.1 million in 2000 and $313.7 million in 1999. Income before taxes increased from $53.3 million in 1999 to $77.3 million in 2000, an increase of $24.0 million, or 45.0%. This increase was due primarily to increased realized capital gains and | 88 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2000 | 941 | Group companies that write a significant portion of their business in foreign currency generally safeguard themselves against exchange losses by attempting to match assets and liabilities in the same currency. Where exchange gains or losses occur nevertheless in the translation of the balance sheet currencies of the consolidated companies, they are accounted for under “Other income” and “Other expenses” respectively. | 60 | annual_report |
4659 | 5,031 | (3) The other investments reported as Level 3 assets represent four real estate funds which were previously presented with our limited partnerships reported under the equity method of accounting and therefore were not included in our fair value measurements table. This table has been adjusted to reflect the appropriate fair value of these assets during 2011. | 56 | 10K |
fr_axa-AR_2003 | 2,146 | ADJUSTED EARNINGS 43 290 348 137 167 Average exchange rate : 1.00 € = £ 0.69 0.63 0.63 0.62 0.62 | 20 | annual_report |
3604 | 879 | Life’s premiums and policy charges increased $6.2 million, or 7.5%, in 2007 compared to $6.2 million, or 8.1%, in 2006. | 20 | 10K |
gb_prudential-AR_2007 | 3,609 | Borrowings are repayable as follows: Within 1 year or on demand – – 2,470 2,022 2,470 2,022 | 17 | annual_report |
ScorSE-AR_2019 | 4,097 | The programs implemented in these areas and the associated performance indicators (trainings) are described in the following sections. | 18 | annual_report |
NNGroupNV-AR_2018 | 706 | In an effort to ensure consistency in its engagement efforts, in 2018 NN IP carried out an analysis of 49 companies in the Oil & Gas sector globally, and found significant variation in the level of detail they disclose on their activities and the associated climate change risks. European Oil & Gas giants, for example, are far more transparent about the integration of climaterelated risk into their models than their American counterparts, and Oil & Gas companies in emerging markets appear even more reluctant to publish details. To try to address these inconsistencies between companies, NN IP developed engagement targets that expect all companies in the Oil & Gas sector to develop a clearly outlined transition plan (for more details, please see NN IP’s publication ESG Perspective – The risks of climate change in the Oil and Gas Sector, November 2018). | 141 | annual_report |
NatwestGroupPLC-AR_2016 | 9,330 | The Group’s capital position is influenced by pension risk in several respects: Pillar 1 capital is impacted by the requirement that net pension assets are to be deduced from capital and that actuarial gains/losses impact reserves and, by extension, CET1 capital; Pillar 2A requirements result in the Group being required to carry a capital add-on to absorb stress on the pension fund and finally the risk of additional contributions to the Group’s pension fund is taken into account in the Group’s capital framework plan. | 84 | annual_report |
NatixisSA-AR_2003 | 4,160 | In 2004, controls are set to focus on: I monitoring credit risk, the results production/ | 15 | annual_report |
PosteItalianeSpA-AR_2018 | 4,596 | Net profit/(loss) for the year (502) 146 499 546 - 689 | 11 | annual_report |
Sampoplc-AR_2001 | 2,090 | Provision for rents – 1 85 LONG-TERM LIABILITIES (5 years or longer) | 12 | annual_report |
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