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SwissLifeHoldingAG-AR_2013 | 161 | On the balance sheet date a total of 167 978 shareholders and nominees were listed in the Swiss Life Holding share register, of which about 3900 were institutional shareholders. Taken together, the shareholders entered in the share register held around 51% of the shares issued. Over half of these shares were owned by shareholders domiciled in Switzerland. Around one third of the registered shares were in private hands. | 68 | annual_report |
NatixisSA-AR_2014 | 9,440 | In accordance with legal provisions, we remind you that for the three fi scal years prior to fi scal year 2014, the following dividends were distributed: Fiscal year | 28 | annual_report |
fr_axa-AR_2000 | 1,898 | AXA UK Holdings (formerly Sun Life & Provincial Holdings). In 1998, the results of SLPH included a tax charge of €54 million (group share) on the sale of AXA Leven to AXA Nederland. | 33 | annual_report |
fr_axa-AR_2003 | 2,000 | Life & Savings revenues growth was + 8.5%, with positive performance recorded in most countries, in particular in the United States (+ 29.1%), Belgium (+ 25.9%), Germany (+ 9.2%), France (+ 4.4%) and Japan (+ 6.2%), while the | 38 | annual_report |
SwissReAG-AR_2009 | 1,786 | The Group writes/sells credit derivatives, including credit default swaps, credit spread options and credit index products, and total return swaps. The total return swaps, for which the Group assumes asset risk mainly of variable interest entities, qualify as guarantees under FASB ASC Topic 460. These activities are part of the Group’s overall portfolio and risk management strategies. The events that could require the Group to perform include bankruptcy, default, obligation acceleration or moratorium of the credit derivative’s underlying. | 78 | annual_report |
AvivaPLC-AR_2006 | 3,129 | Equity 957 Ordinary share capital 641 599 10,174 Additional retained profit on an EEV basis 6,817 6,431 26,166 Equity attributable to ordinary shareholders of Aviva plc 17,531 14,899 1,776 Preference share capital and direct capital instrument 1,190 1,190 | 38 | annual_report |
4194 | 1,927 | Our selected paid and reported development patterns provide a benchmark against which the actual emerging loss experience can be monitored. Where possible, development patterns are selected based on historical loss emergence by origin year with appropriate allowance for changes in business mix, claims handling process, or ceded reinsurance that are likely to lead to a discernible difference between the rate of historical and future loss emergence. For product lines where the historical data is viewed to have low statistical credibility, the selected development patterns also reflect relevant industry benchmarks and/or experience from similar product lines written elsewhere within ACE. This most commonly occurs for relatively new product lines that have limited historical data or for high severity/low frequency portfolios where our historical experience exhibits considerable volatility and/or lacks credibility. The paid and reported loss development methods convert the selected loss emergence pattern to a set of multiplicative factors which are then applied to actual paid or reported losses to arrive at an estimate of ultimate losses for each period. Due to their multiplicative nature, the paid and reported loss development methods magnify differences between actual and expected loss emergence. These methods tend to be utilized for more mature origin periods and for those portfolios where the loss emergence has been relatively consistent over time. | 214 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 3,317 | Total assets measured at fair value based on level 1 inputs 4,062 3,364 194 212 4,256 3,576 Assets measured at fair value based on level 2 or 3 inputs Derivatives 262 289 (4) (6) 258 283 | 36 | annual_report |
AvivaPLC-AR_2020 | 3,224 | Strategic report Governance IFRS financial statements Other information 24 – Fair value methodology continued (d) Fair value hierarchy analysis An analysis of assets and liabilities measured at amortised cost and fair value categorised by fair value hierarchy is given below. | 40 | annual_report |
926 | 309 | Another transaction that occurred in 1997 that had a major impact on LNC's cash flow was the sale of a subsidiary for $2.65 billion (see note 11 to the consolidated financial statements on page 65). LNC used these proceeds to 1) repurchase $341.8 million of its own common stock, 2) retire $86.7 million in long-term debt, 3) fund the purchase of a 49% interest in Seguros Serfin Lincoln for $85.0 million, 4) pay the $447.6 million of taxes related to the gain on sale of discontinued operations and 5) purchase a block of individual life insurance and annuity business for $1.4 billion (see note 11 to the consolidated financial statements on page 66). The remaining balance was initially applied to pay off a portion of LNC's short-term debt and invested for general corporate purposes, then later used to fund a portion of the purchase of another block of individual life insurance business. | 152 | 10K |
4631 | 11,796 | There are no provisions within White Mountains’ operating leasing agreements that would trigger acceleration of future lease payments. The capital lease that OneBeacon entered into in conjunction with the sale-leaseback of certain of OneBeacon’s fixed assets and capitalized software contains provisions that could trigger an event of default, including a failure to make payments when due under the capital lease. If an event of default were to occur, the lessor would have a number of remedies available including the acceleration of future lease payments or the possession of the property covered under the lease agreement. | 95 | 10K |
RSAInsuranceGroupPLC-AR_2007 | 403 | Bridget mcintyre Uk Chief executive Bridget joined as UK CEO at RSA in November 2005. Previously, Bridget worked for Norwich Union for 13 years in roles including Finance Director of the general insurance business, Managing Director of London & Edinburgh, Finance Director of UK Long Term Savings and, most recently, Sales, Marketing & Underwriting Director of Norwich Union’s general insurance business. As a qualified Chartered Management Accountant, in her earlier career Bridget worked at Volvo UK, HarperCollins, Marconi Radar Systems and Willis Faber. | 83 | annual_report |
931 | 426 | (3) Excludes from carrying amount shareholders' equity the net unrealized gains and losses on securities classified as available-for-sale, net of related amortization and taxes. | 24 | 10K |
ScorSE-AR_2013 | 1,505 | Foundation on cardiovascular diseases (EUR 200 000 over 2 years), the Erasmus University over the incidence impact of cancer screening programs (EUR 45 000 over 2 years) and the Pierre et Marie Curie University at the Pitié-Salpêtrière | 37 | annual_report |
3771 | 1,851 | Investments in derivative securities are carried at fair value with changes in fair value reported as a component of Investment gains (losses), Income (loss) from trading portfolio, or Accumulated other comprehensive income (loss), depending on their hedge designation. Changes in the fair value of derivative securities which are not designated as hedges, are reported in the Consolidated Statements of Income. A derivative is typically defined as an instrument whose value is “derived” from an underlying instrument, index or rate, has a notional amount, requires little or no initial investment and can be net settled. Derivatives include, but are not limited to, the following types of investments: interest rate swaps, interest rate caps and floors, put and call options, warrants, futures, forwards, commitments to purchase securities, credit default swaps and combinations of the foregoing. Derivatives embedded within non-derivative instruments (such as call options embedded in convertible bonds) must be split from the host instrument when the embedded derivative is not clearly and closely related to the host instrument. | 167 | 10K |
2589 | 515 | The income from discontinued operations is comprised of the operations of SSRM and net investment income and net investment gains related to real estate properties that the Company has classified as available-for-sale. The Company entered into an agreement to sell SSRM during the third quarter of 2004. As previously discussed, SSRM was sold effective January 31, 2005. | 57 | 10K |
4023 | 924 | The unrealized loss on RMBS is $0.2 million and is attributed to the B rated generic shelf name, GSR MTGE LN TR 2005-AR5 (“GSR”). The Company’s amortized cost in GSR is $1.1 million and the deal contains its own unique pool of collateral and represents a separate and distinct trust. The combination of low floating-rate reset margins, slow prepayment speeds, severe illiquidity in the market for near-prime securities, and the unprecedented level of mortgage-related credit spread widening have pushed the overall market value as a percent of amortized cost on all RMBS bonds in an unrealized loss position to 80%. | 100 | 10K |
SwissReAG-AR_2002 | 438 | The Group Human Resources (HR) data warehouse, introduced in summer 2002, marked an important milestone in implementing the strategy of consistent management of HR data from over 70 offices in more than 30 countries. The new solution provides a single source of information for managing Swiss Re’s human capital – over 8 000 employees across a decentralised organisation – while ensuring compliance with all data protection requirements. | 67 | annual_report |
5335 | 605 | The UA Independent Agency consists of independent agencies appointed with Torchmark who may also sell for other companies. The UA Independent Agency was Torchmark’s largest health agency in terms of health premium income. In 2016, premium income was $355 million, representing 38% of Torchmark’s total health premium. Net sales were $56 million, or 39% of Torchmark’s health sales. This agency is also Torchmark’s largest producer of Medicare Supplement insurance, with Medicare Supplement premium income of $342 million. The UA Independent Agency represents 72% of all Torchmark Medicare Supplement premium and 91% of Medicare Supplement net sales. Medicare Supplement premium in this agency rose 4% in 2016. Total health premium increased 3% in 2016 and 13% in 2015. Medicare Supplement net sales decreased 22% in 2016 from the prior year, primarily due to a decline in group sales. As noted earlier, Group Medicare Supplement sales have historically fluctuated from period to period. | 151 | 10K |
SwissLifeHoldingAG-AR_2015 | 1,936 | Credit risk mitigation – collateral held and other credit enhancements as at 31 December 2015 | 15 | annual_report |
1279 | 272 | All of the aforementioned stock option plans provide for the immediate vesting of all outstanding stock option grants in the event of a change in control of Gallagher. A change in control of Gallagher is defined as the acquisition by a person (or entity) of the beneficial ownership of 50% or more of Gallagher's common stock; the cessation, for any reason, of a majority of directors of Gallagher to serve as directors during any two year period; or the approval by the stockholders of Gallagher of the sale of substantially all of the assets of Gallagher. | 96 | 10K |
1206 | 435 | (5) The ratios of earnings to fixed charges were determined by dividing consolidated earnings by total fixed charges. For purposes of these computations (i) earnings consist of consolidated income before considering income taxes, fixed charges and minority interest and (ii) fixed charges consist of interest on indebtedness and that portion of rentals which is deemed by PXRE's management to be an appropriate interest factor. Earnings were inadequate to cover fixed charges by $55,288,000 for the year ended December 31, 1999. The ratios of earnings to combined fixed charges and preferred dividends were determined by dividing consolidated earnings by total fixed charges and preferred dividends. Earnings were inadequate to cover fixed charges and preferred dividends by $55,288,000 for the year ended December 31, 1999. | 123 | 10K |
NatixisSA-AR_2019 | 859 | Françoise Lemalle earned her Chartered Accountant designation in 1991, becoming the youngest Chartered Accountant in the PACA region that year, then registered with the Compagnie des Commissaires aux Comptes in 1993. She runs an accounting and auditing firm of 20 people, located in Mougins. She regularly hosts training sessions for small retailers, craftspeople and self-employed professionals, mostly at management centers. | 60 | annual_report |
1731 | 276 | Under the American Agrisurance profit sharing agreement, American Agrisurance receives up to 50% of the crop insurance profit after certain expenses and a margin retained by the Insurance Companies based upon a formula established by the Company and approved by the Nebraska Department of Insurance. If the calculated profit share is negative, such negative amounts are carried forward and offset future profit sharing payments. These amounts are distributed from time to time in the form of a dividend to the Company. In 2001 and 2000 there was no profit sharing distribution. | 91 | 10K |
NatixisSA-AR_2008 | 6,354 | Natixis does not hold any signifi cant amount of fi nancials assets received as security under terms allowing it to reuse the assets in the absence of any failure on the part of the owner of the guarantee. | 38 | annual_report |
INGGroepNV-AR_2009 | 1,420 | Claims provision The Claims provision is calculated either on a case-by-case basis or by approximation on the basis of experience. Provisions have also been made for claims incurred but not reported (IBNR) and for future claims handling expenses. The adequacy of the Claims provision is evaluated each year using standard actuarial techniques. In addition, IBNR reserves are set to recognise the estimated cost of losses that have occurred but which have not yet been notified to the Group. | 78 | annual_report |
NatixisSA-AR_2015 | 9,657 | The historical fi nancial data, relative to consolidated fi nancial statements for the year ended December 31, 2014, presented in this registration document, has been discussed in the Statutory Auditors’ reports found on pages 321-322, which contains an observation. | 39 | annual_report |
3549 | 1,348 | The growth in the Reinsurance segment was primarily attributable to premiums from new facultative and automatic treaties and renewal premiums on existing blocks of business in all RGA’s operating segments. In addition, other revenues increased due to an increase in surrender charges on asset-intensive business reinsured and an increase in fees associated with financial reinsurance. | 55 | 10K |
de_allianz-AR_2002 | 402 | Share price performance in the year (excluding dividend) % – 65.9 – 33.3 19.3 | 14 | annual_report |
Sampoplc-AR_2008 | 1,778 | Property rented out under operating lease Non-cancellable minimum rental - not later than one year 1 1 - later than one year and not later than five years 0 2 | 30 | annual_report |
gb_lloyds_banking_grp-AR_2015 | 1,680 | – Balanced Scorecard performance: stretching objectives for each division were approved by the Committee around the start of the performance year. The objectives were aligned to the Group’s strategy and split across five categories: – Customer | 36 | annual_report |
5836 | 961 | RLI Corp. is an insurance holding company. References to “the Company,” “we,” “our,” “us” or like terms refer to the business of RLI Corp. and its subsidiaries. We underwrite select property and casualty insurance coverages through major subsidiaries collectively known as RLI Insurance Group. We conduct operations principally through three insurance companies. RLI Insurance Company (RLI Ins.), a subsidiary of RLI Corp. and our principal insurance subsidiary, writes multiple lines of insurance on an admitted basis in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. Mt. Hawley Insurance Company (Mt. Hawley), a subsidiary of RLI Ins., writes excess and surplus lines insurance on a non-admitted basis in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. Contractors Bonding and Insurance Company (CBIC), a subsidiary of RLI Ins., writes multiple lines of insurance on an admitted basis in all 50 states and the District of Columbia. | 156 | 10K |
StandardLifeAberdeenPLC-AR_2014 | 3,180 | Third party interest in consolidated funds and noncontrolling interests Liabilities in respect of third party interest in consolidated funds 15,805 16,058 953 - | 23 | annual_report |
936 | 602 | Reserve strengthening: The building or enhancement of loss reserves to an actuarially determined level considered adequate to cover all future claims for policies in force, generally for a specific accident year or line of business. | 35 | 10K |
de_allianz-AR_2009 | 2,479 | Allianz Group Annual Report 2009 Notes to the Consolidated Financial Statements 3 Recently adopted and issued accounting pronouncements, changes in accounting policies and changes in the presentation of the consolidated financial statements | 32 | annual_report |
nl_ing_grp-AR_2013 | 2,487 | In 2013, Changes in the composition of the group and other changes includes EUR –136,541 million as a result of the classification of ING U.S. as held for sale and EUR 29,445 million as a result of the classification to continuing operations of ING Japan. Reference is made to Note 59 ‘Other events’. | 53 | annual_report |
5463 | 873 | Net (loss) income for the quarter ended December 31, 2017 included a reduction in the deferred tax asset of $12.5 million as a result of the enactment of legislation to reduce the corporate income tax rate. | 36 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015 | 2,056 | Our general assumption was that there will Our general assumption was that there will be moderate upward movement on the equity be moderate upward movement on the equity markets and a stable interest-rate level. markets and a stable interest-rate level. Growth rates after the detailed 1.5% 1.5% planning phase Discount rates 8.4% 9.6% | 53 | annual_report |
SwissReAG-AR_2018 | 2,229 | This approach adds to the success of the business by: ̤ Supporting a culture of high | 16 | annual_report |
2254 | 635 | Costs expended to acquire new business are capitalized as deferred policy acquisition costs (DAC) and recognized as expense over the anticipated premium paying life of the policy. We employ dynamic models that calculate amortization of DAC separately for each book year. The models rely on assumptions that we make based upon historical industry experience and our own unique experience regarding the annual persistency development of each book year. Persistency is the most important assumption utilized in determining the timing of reported amortization expense reflected in the income statement and the carrying value of DAC on the balance sheet. A change in the assumed persistency can impact the current and future amortization expense as well as the carrying value on the balance sheet. However, our models are dynamic and adjust when actual book year persistency is lower than the assumptions employed in the models. When this happens, the DAC amortization is accelerated through a dynamic adjustment in order to match the amortization expense with the life of the policies on which the acquisition costs were originally deferred. The following table shows the DAC asset for the previous three years and the effect of persistency on amortization(amounts in thousands): | 197 | 10K |
5942 | 1,130 | The provision for income tax, expressed as a percentage of pre-tax adjusted earnings, resulted in an effective tax rate of 22% in both the current and prior periods. Our effective tax rate differs from the statutory tax rate primarily due to the impacts of the dividends received deduction and tax credits. | 51 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008 | 3,092 | Number of rights on 31 Dec. 2007 105,745 132,787 125,046 251,013 397,306 440,199 341,234 – | 15 | annual_report |
RSAInsuranceGroupPLC-AR_2017 | 523 | Outlook Our business is building the agility it needs to meet the evolving needs of customers and a sustainable base from which to achieve best-in-class performance. For the UK & International region as a whole, we retain the performance ambition of a sustainable <94 percent combined ratio. | 47 | annual_report |
ch_zurich_insurance_group-AR_2017 | 698 | The Group has adopted and implemented a coordinated, formalized and consistent approach to risk management and control. Information concerning the Group’s risk management and internal control processes is included in the risk review starting on page 120. The internal audit function, the external auditors and the compliance function also assist the Board in exercising its controlling and supervisory duties. Information on these functions’ major areas of activity is set out on pages 75 to 78. | 75 | annual_report |
2872 | 3,161 | Net investment income divided by average cash and total invested assets minus net investment income. | 15 | 10K |
AdmiralGroupPLC-AR_2010 | 73 | In my statement last year I reprised Admiral’s strategy since becoming a public company in 2004, the fi rst two elements being to: • Grow our share of the UK private motor insurance market | 34 | annual_report |
4710 | 1,359 | All premiums written and assumed within the MUSIC Run-Off segment relate to the Property and Specialty Individual Risk line of business. | 21 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005 | 1,080 | We considered the various bidders and concluded that Württembergische with its business concept and bid price was the most convincing. | 20 | annual_report |
ch_zurich_insurance_group-AR_2011 | 150 | • Should the current environment persist, achieving a return of around 2 percentage points below our strategic target is more realistic. | 21 | annual_report |
5450 | 1,138 | We incurred $7.4 million of interest expense on our senior notes in each of the last three years. The average rate on debt was 4.91 percent in 2017, 2016 and 2015. | 31 | 10K |
fr_axa-AR_2013 | 4,281 | Management. Both the Group and the local interest rate risk positions are also reported every quarter to the Management | 19 | annual_report |
5115 | 305 | Net cash used in investing activities totaled $4,835,000 for the period ended December 31, 2015, compared to $4,974,000 for the same period last year. The reinvestment of maturities of fixed income securities was the primary cash related investment activity during the year ended December 31, 2015. For the period ended December 31, 2014, the investment of positive cash flow from operations was the primary contributor to cash used in investing activities of $4,974,000. | 73 | 10K |
gb_lloyds_banking_grp-AR_2010 | 328 | Following extensive scrutiny of the Payment Protection Insurance (PPI) market in recent years, the Financial Services Authority issued its final policy statement on PPI complaints handling in August 2010. The application of this policy, which has been challenged by the British Bankers’ Association in a judicial review, could in extremis have a material effect on the Group’s financial position. | 59 | annual_report |
1886 | 687 | By maintaining a well diversified, fixed-income portfolio, the company attempts to mitigate overall credit risk. No individual fixed-income issuer’s securities account for more than 2 percent of the fixed-income portfolio. At year-end 2002, the airline industry comprised approximately $97 million in market value ($119 million amortized cost) distributed among the three types of fixed-income securities. Continued weak performance by the airlines could further impact the value of the company’s holdings within this sector. See Potential Impairments, Page 48 for further discussion. | 81 | 10K |
1130 | 215 | The selected financial data on page 63 of the 1999 Annual Report are incorporated herein by reference. | 17 | 10K |
NatixisSA-AR_2017 | 2,353 | Natixis’ risk appetite principles result from the selection and control of the types of risks that the bank is prepared to take in pursuit of its business model, and ensure consistency between Natixis’ overarching strategic guidelines and its capacity to manage risks. | 42 | annual_report |
LloydsBankingGroupPLC-AR_2020 | 7,266 | Issue of other equity instruments — — — (7) (7) 1,136 1,129 | 12 | annual_report |
NatixisSA-AR_2008 | 11,954 | At the end of this market transaction, CNCE and BFBP each owned 34.44% of Natixis. Since then, their respective share was increased to 35.62% at the end of 2008. | 29 | annual_report |
HiscoxLtd-AR_2019 | 2,437 | Profit for the year attributable to the owners of the Company ($m) 48.9 117.9 Weighted average number of ordinary shares in issue (thousands) 284,015 283,564 Adjustments for share options (thousands) 4,361 5,650 Weighted average number of ordinary shares for diluted earnings per share (thousands) 288,376 289,214 Diluted earnings per share (cents per share) 16.9¢ 40.8¢ Diluted earnings per share (pence per share) 13.3p 30.6p *See note 2.2 for further details. | 70 | annual_report |
fr_axa-AR_2007 | 1,913 | To the best of the Company’s knowledge, none of the members of its Management Board or Supervisory Board has been, during the last 5 years (i) subject to any conviction in relation to fraudulent offences or to any official public incrimination and/or sanction by statutory or regulatory authorities, (ii) disqualified by a court from acting as a member of the administrative, management or supervisory bodies of an issuer or from acting in the management or conduct of the affairs of any issuer, or (iii) associated as a member of the administrative, management or supervisory bodies with any company that has declared bankruptcy or been put into receivership or liquidation, provided, however, that AXA has from time to time sold, discontinued and/or restructured certain business operations and voluntarily liquidated affiliated companies in connection with these or similar transactions and certain members of AXA’s Management Board and/or Supervisory Board may have been associated with other companies that have undertaken similar solvent liquidations. | 160 | annual_report |
5034 | 3,054 | In addition, XL-Cayman is subject to certain constraints that affect its ability to pay dividends on its preferred shares. Under Cayman Islands law, XL-Cayman may not declare or pay a dividend if there are reasonable grounds for believing that XL-Cayman is, or would after the payment be, unable to pay its liabilities as they become due in the ordinary course of business. Also, the terms of XL-Cayman’s preferred shares prohibit declaring or paying dividends on the ordinary shares unless full dividends have been declared and paid on the outstanding preferred shares. Full dividends have been declared and paid on the outstanding preferred shares at December 31, 2015. | 107 | 10K |
AdmiralGroupPLC-AR_2013 | 1,911 | During 2013 2,617,838 (2012: 2,797,519) new ordinary shares of 0.1 pence were issued to the trusts administering the Group’s share schemes. | 21 | annual_report |
4608 | 506 | We continue to focus on direct-to-consumer distribution initiatives through our newly formed entity IHC Specialty Benefits as we believe this will be a growing means for selling health insurance and ancillary products in the coming years. | 36 | 10K |
de_allianz-AR_2012 | 1,241 | Segment overview Allianz SE and its subsidiaries (the Allianz Group) have operations in over 70 countries. The Group’s results are reported by business segment: Property-Casualty insurance, Life/Health insurance, Asset Management and Corporate and Other activities. | 35 | annual_report |
HannoverRueckSE-AR_2016 | 216 | Of the securities totalling EUR 2,112,533 thousand (EUR 2,087,133 thousand) shown under the “Other financial investments” in the item “Shares, units or shares in investment funds and other variable-yield securities”, an amount of EUR 2,045,308 thousand (EUR 1,629,761 thousand) was allocated to fixed assets. The fair value of these holdings amounted to EUR 2,477,842 thousand (EUR 1,958,039 thousand). Based on the assumption that the impairments will not be permanent, write-downs of EUR 9,341 thousand (EUR 10,935 thousand ) were not taken on a portfolio with a book value of EUR 220,180 thousand (EUR 177,262 thousand). In the case of shares and investment fund certificates, a separate and standardised method is used to check the permanence of the impairment. For bond funds the permanence of the impairment is checked on the basis of the difference between the cost price and fair value. The permanence of the impairment for high-yield and emerging market funds is established on the basis of the difference between the cost price and fair value and depending on the ratings of the assets held within the funds. | 179 | annual_report |
4935 | 829 | Proceeds received, and the gross realized gains and losses from sales of available-for-sale securities, for the years ended December 31, 2014, 2013 and 2012 were as follows: | 27 | 10K |
SwissReAG-AR_2019 | 5,918 | As neither the investors in the SREC securitisation nor the Green Bank own the rooftop solar panels, traditional insurance was not available for this risk. Through our know-how, we were able to develop an alternative parametric solution that satisfied the needs of both investors and the bank, and allowed the SREC securitisation to be brought to the investment market as planned. | 61 | annual_report |
fr_axa-AR_2007 | 6,309 | Various executive officers and directors of the Group may, from time to time, purchase insurance, wealth management or other products or services offered by AXA in the ordinary course of its business. The terms and conditions of these transactions are substantially similar to the terms and conditions generally available to the public or to AXA employees generally. | 57 | annual_report |
gb_lloyds_banking_grp-AR_2016 | 4,282 | (iii) Assumptions Key assumptions used in the calculation of with-profit liabilities, and the processes for determining these, are: Investment returns and discount rates With-profit fund liabilities are valued on a market-consistent basis, achieved by the use of a valuation model which values liabilities on a basis calibrated to tradable market option contracts and other observable market data. The with-profit fund financial options and guarantees are valued using a stochastic simulation model where all assets are assumed to earn, on average, the risk-free yield and all cash flows are discounted using the risk-free yield. The risk-free yield is defined as the spot yield derived from the relevant swap curve, adjusted for credit risk. Further information on significant options and guarantees is given below. | 122 | annual_report |
3290 | 903 | GPW reflects premiums received and accrued for in the period and does not include the present value of future cash receipts expected from installment premium policies originated during the period. GPW was $999 million in 2007, up 8% from 2006 due to increases in U.S. public finance and global structured finance business written, as discussed in the respective sections below. | 60 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2020 | 2,795 | Purpose managing assets and liabilities through influencing the shape of the structure of the balance sheet and offbalance sheet items in a manner supporting optimum financial results | 27 | annual_report |
4615 | 586 | In March 2010, to help address questions and concerns regarding the agency’s rating and review process, the agency published Guidance on Financial Stability Ratings and Catastrophe Reinsurance Program Reporting for Florida Property Insurers. The document contains the criteria the agency considers when reviewing a company. On March 22, 2010, UPCIC received notice from the agency that it would require a capital infusion of $30 million by April 16, 2010 in order for it to maintain its A rating. To comply with this requirement UIH contributed an aggregate amount of $30 million to UPCIC in March 2010. | 96 | 10K |
5245 | 1,567 | Membership-We analyze the membership for our Medicare Advantage plans (collectively, the "Plans") in our administrative system and reconcile to the enrollment provided by CMS. There are timing differences between the addition of a member to our administrative system and the approval, or accretion, of the member by CMS. Additionally, the monthly payments from CMS include adjustments to reflect changes in the status of membership as a result of retroactive terminations, additions, whether CMS is secondary to other insurance coverage or other changes. Current period membership, net premium, CMS subsidies and claims expense are adjusted to reflect retroactive changes in membership. | 100 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010 | 444 | // For Board members transferred from the old system to the new: vested pension from the defined benefit plan up to 2008 and annuity or lump sum from the policy reserve under the defined contribution plan | 36 | annual_report |
NatwestGroupPLC-AR_2020 | 3,453 | Key points Overall – The majority of the CRE portfolio was located and managed in the UK. Business appetite and strategy remained aligned across the segments. | 27 | annual_report |
NatwestGroupPLC-AR_2008 | 783 | Overview of condensed consolidated balance sheet – pro forma Total assets of £2,218.7 billion at 31 December 2008 were up £623.6 billion, 39%, compared with 31 December 2007. At constant exchange rates the increase was £313 billion or 16%. | 39 | annual_report |
NatixisSA-AR_2008 | 9,944 | Banking Commission (CRBF regulation 97-02) for the internal control systems of credit institutions, Natixis’ Internal Audit | 16 | annual_report |
RaiffeisenBankInternationalAG-AR_2006 | 155 | The regular annual meeting on 7 June 2006 appointed Walter Rothensteiner (Chairman), Manfred Url (Deputy Chairman), and Karl Sevelda for another five years as Supervisory Board members. On behalf of my colleagues, I would like to thank the shareholders for the confidence that they have placed in us. For its part, the Supervisory Board named Herbert Stepic as Managing Board chairman and Heinz Wiedner as a member of the Managing Board for another five years. | 75 | annual_report |
AegonNV-AR_2015 | 524 | Solutions offers Personal Retirement Services (PRS) through a team of experienced registered representatives ad registered investment advisers. Solutions include IRAs, advisory services, annuities and access to other financial products and resources. | 31 | annual_report |
NatixisSA-AR_2009 | 6,491 | Forward currency hedging transactions are recognized on the income statement on an accrual basis, either as premiums or discounts where they are intended to hedge commercial transactions, or as accrued interest where they are intended to hedge long-term assets and liabilities denominated in foreign currencies. | 45 | annual_report |
DirectLineInsuranceGroupPLC-AR_2019 | 2,635 | – changes in the external legal, regulatory, social or economic environment (including changes resulting from climate change) altering the definition and application of reinsurance policy wordings or the effectiveness or value for money of reinsurance. | 35 | annual_report |
1340 | 647 | The Company intends to rely primarily on dividends and interest income from its life insurance subsidiaries in order to make dividend payments to its shareholders. The payment of dividends by its life insurance subsidiaries is regulated under various state laws. Under Iowa law, AmerUs Life and Delta Life may pay dividends only from the earned surplus arising from their respective businesses and must receive the prior approval of the Iowa Insurance Commissioner to pay any dividend that would exceed certain statutory limitations. The current statute limits any dividend, together with dividends paid out within the preceding 12 months, to the greater of (i) 10% of the respective company's policyowners' surplus as of the preceding year end or (ii) the net gain from operations for the previous calendar year. Iowa law gives the Iowa Commissioner broad discretion to disapprove requests for dividends in excess of these limits. The payment of dividends by AmVestors' subsidiaries, American and FBL is regulated under Kansas law, which has statutory limitations similar to those in place in Iowa. Based on these limitations and 1998 results, the Company's subsidiaries could have paid an estimated $60.7 million in dividends in 1999 without obtaining regulatory | 196 | 10K |
4869 | 1,398 | The calculation of diluted earnings per common share for 2014, 2013 and 2012 excludes the impact of 207,980 shares, 187,078 shares and 284,850 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units. | 36 | 10K |
HannoverRueckSE-AR_2002 | 861 | Special Risk Insurance and Reinsurance Luxemburg S.A., 18.2 EUR 291 230 EUR (8 770) Luxembourg/Luxembourg | 15 | annual_report |
3864 | 1,081 | now records share-based payments related to firm employees and firm activities to operating expenses as a component of Cost of services. Previously all share-based expense components for year end periods prior to December 31, 2006 were recorded under Corporate and other expenses-general and administrative expense. | 45 | 10K |
4847 | 1,269 | For the years ended December 31, 2013 and 2012, HighMount recorded ceiling test impairment charges of $291 million and $680 million ($186 million and $433 million after tax). The 2013 write-downs were primarily attributable to negative reserve revisions due to variability in well performance where HighMount is testing different horizontal target zones and hydraulic fracture designs and due to reduced average NGL prices used in the ceiling test calculations. The 2012 write-downs were the result of declines in natural gas and NGL prices. The December 31, 2013 ceiling test calculation was based on average 2013 prices of $3.67 per MMBtu for natural gas, $35.39 per Bbl for NGLs and $96.94 per Bbl for oil. The December 31, 2012 ceiling test calculation was based on average 2012 prices of $2.76 MMBtu for natural gas, $41.11 per Bbl for NGLs and $94.71 per Bbl for oil. Low natural gas and NGL prices, which are not anticipated to improve in the near term, and high drilling and completion costs of horizontal wells targeting oil reserves, compared to traditional vertical gas wells, as well as lower than anticipated production from recently completed wells, have adversely impacted HighMount’s results of operations and cash flows. The continuation of these factors could result in ceiling test impairment charges in future periods, which may be material. | 218 | 10K |
2225 | 385 | At December 31, 2003, the Bond Portfolio had an aggregate carrying value (i.e. fair value) of $2.66 billion and an aggregate amortized cost of $2.62 billion. At December 31, 2003, the Bond Portfolio included $2.40 billion of bonds rated by Standard & Poor’s (“S&P”), Moody’s Investors Services (“Moody’s”), Fitch (“Fitch”) or the National Association of Insurance Commissioners (“NAIC”), and $261.5 million of bonds rated by the Company pursuant to statutory ratings guidelines established by the NAIC. At December 31, 2003, approximately $2.50 billion of the Bond Portfolio was investment grade, including $652.7 million of U.S. government/agency securities and mortgage-backed securities (“MBS”). | 101 | 10K |
2742 | 593 | Our strong performance in the period leading up to the year 2000 reflects the success of our geographically focused strategy, in what we considered to be an unfavorable underwriting environment. Our underwriting performance deteriorated in 2000, 2001 and 2002 as the result of court imposed property mold contractual liability that did not previously exist in Texas and losses from several commercial lines products that were subsequently discontinued. After the 2003 Acquisition, our insurance operations returned to profitability following a series of initiatives undertaken by our current management team, which included introducing redesigned personal lines products that addressed mold contractual liability, re-underwriting our entire commercial lines book of business and targeting underserved rural and small to medium-size metropolitan markets. | 118 | 10K |
1568 | 740 | Net investment income declined 41.0% to $46 million during 2000 from $78 million in the comparable 1999 period. Excluding Lyndon, net investment income declined 26.2% to $45 million from $61 million in the comparable 1999 period. The decrease excluding Lyndon is primarily due to the liquidation of assets in connection with the purchase of the retroactive reinsurance treaty from National Indemnity (see Note N of the Notes to the Consolidated Financial Statements - Retroactive Reinsurance). Additionally, due to the timing of the payments made to National Indemnity the Company recorded interest charges due National Indemnity of approximately $8 million. Such interest charge is reflected as a reduction to net investment income. This decrease was partially offset by an increased allocation from municipal securities to higher yielding taxable securities during 2000. | 130 | 10K |
5237 | 1,620 | Investments. We account for investments in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 320, “Investments - Debt and Equity Securities,” which requires that equity securities that have readily determinable fair values and all investments in debt securities to be segregated into categories based upon our intention for those securities. Based on our intention, we have classified our investments as available for sale or trading, with the exception of our equity and cost method investments. We may sell our available-for-sale securities in response to changes in interest rates, risk/reward characteristics, liquidity needs or other factors. Available-for-sale securities are reported at their estimated fair values based on a recognized pricing service, with unrealized gains and losses, net of tax effects, reported as a separate component of other comprehensive income in the consolidated statements of comprehensive income. Trading securities are reported at their estimated fair values with net realized and unrealized gains and losses included in earnings. | 158 | 10K |
2927 | 747 | The following supplemental cash flow information is provided with respect to interest and tax payments, as well as certain non-cash investing and financing activities ($ in thousands): | 27 | 10K |
5034 | 1,374 | While the proportion of unpaid losses and loss expenses represented by IBNR is sensitive to a number of factors, the most significant ones have historically been accelerated business growth and changes in business mix. Other factors that have affected the ratio in the past include additions to prior period reserves, catastrophic occurrences, settlement of large claims and | 57 | 10K |
ch_zurich_insurance_group-AR_2012 | 3,427 | Revenues Interest income 3 100,581 241,003 Dividend income 2,400,000 1,521,569 Other financial income 4 79,495 100,735 | 16 | annual_report |
1521 | 277 | Net investment spreads include the effect of income earned or interest paid on the difference between average invested assets and average interest-bearing liabilities. Average invested assets exceeded average interest-bearing liabilities by $79.6 million in 2000, compared with $89.0 million in 1999 and $47.3 million in 1998. The difference between the Company's yield on average invested assets and the rate paid on average interest-bearing liabilities (the "Spread Difference") was 2.27% in 2000, 2.18% in 1999 and 2.10% in 1998. On a pro forma basis, assuming the Acquisition had been consummated on October 1, 1997, the Spread Difference would have been 1.87% in 1999 and 1.57% in 1998 reflecting primarily the effect of the lower-yielding assets received in the Acquisition. | 118 | 10K |
RaiffeisenBankInternationalAG-AR_2018 | 1,189 | In 2017, RBI elected to adopt on an early basis the requirements of IFRS 9.7.1.2 regarding the presentation of gains and losses on financial liabilities designated at fair value through profit or loss. IFRS 9 requires changes in the fair value of these designated liabilities caused by a change in the default risk of RBI to be booked in other comprehensive income. Under IAS 39, these changes were reported in the income statement. € 33,692 thousand were recognized directly in other comprehensive income in the reporting period; the effect amounted to minus € 139,643 thousand in the same period of the previous year. The difference between the current fair value of these designated liabilities and the amounts contractually required to be paid at maturity was € 404,000 thousand at the time of maturity. There have been no significant transfers within equity or derecognition of liabilities designated at fair value in the reporting period. | 153 | annual_report |
3631 | 785 | In 2007, we adopted a new group life waiver table, the Society of Actuaries Table 2005, to be used in the calculation of reserves for group life waiver claims incurred in 2007 and later. Adoption of this table resulted in a reduction of $26.7 million and $15.5 million in reserves established for new 2008 and 2007 group life waiver claims, respectively, compared to the reserves that would have been established using the prior table. | 74 | 10K |
ScorSE-AR_2009 | 527 | The main other classes of Life business currently underwritten are: Financing | 11 | annual_report |
AssicurazioniGeneraliSpA-AR_2015 | 110 | Generali presented its new strategic plan at the Investor Day in late May; this plan aims to set out a new business model and achieve new, challenging financial targets focused on generating more cash and increased dividends. The Group plans to become a leader in the European retail insurance sector with smarter & simpler products and services. The whole customer experience will also take on greater importance, from when they start to look for information to when the contracts are up for renewal. The Group intends to achieve a net operating cash of over €7 billion cumulatively in the four years to 2018, while total dividends will amount to over €5 billion in the same period. The current cost reduction plan will continue, with savings of €250 million per annum from 2012 for a total of € 1.5 billion by 2018. A total of €1.25 billion will be invested in technology, data analytics and more flexible operating platforms. | 158 | annual_report |
182 | 488 | The weighted average annual assumed rate of increase in the per capita cost of covered benefits (i.e., health care cost trend rate) was 9% for 1995; 12% for 1994 and 1993 and is assumed to decrease to a 5.5% ultimate trend (7% in 1994 and 1993) with a duration to ultimate trend of 6 years (9 years in 1994 and 1993). The health care cost trend rate assumption has a significant effect on the amounts reported. For example, increasing the assumed health care cost trend rates by one percentage point in each year would increase the accumulated postretirement benefit obligation as of December 31, 1995 by $11,000. | 107 | 10K |
4643 | 492 | The following provides non-GAAP information that management believes is helpful when comparing 2012 revenues, EBITDAC and diluted net earnings (loss) per share with the same periods in 2011. | 28 | 10K |
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