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HannoverRueckSE-AR_2010
728
With this in mind, we wrote off an amount in the low doubledigit million euros for several European financing arrangements in respect of the deferred acquisition costs.
27
annual_report
NatixisSA-AR_2020
593
Natixis’ Insurance division, through its different operational entities, now offers a comprehensive range of life and non-life insurance policies, with the Banque Populaire and Caisse d’Epargne banks being the main contributors to the business.
34
annual_report
AegonNV-AR_2006
4,531
Notes to the fi nancial statements of AEGON N.V. Note 8
11
annual_report
5614
999
The change in net unrealized gains and (losses) on fixed maturities for the years ended December 31, 2018, 2017, and 2016 was an increase (decrease) of $(21) million, (1) million, and $13 million, respectively.
34
10K
4558
1,187
The Stable Value Products segment sells fixed and floating rate funding agreements directly to the trustees of municipal bond proceeds, money market funds, bank trust departments, and other institutional investors. The segment also issues funding agreements to the Federal Home Loan Bank (“FHLB”), and markets guaranteed investment contracts (“GICs”) to 401(k) and other qualified retirement savings plans. GICs are contracts which specify a return on deposits for a specified period and often provide flexibility for withdrawals at book value in keeping with the benefits provided by the plan. Additionally, the Company has contracts outstanding pursuant to a funding agreement-backed notes program registered with the United States Securities and Exchange Commission (the “SEC”) which offered notes to both institutional and retail investors.
121
10K
NatixisSA-AR_2010
939
Chairman of the Executive Board of: BPCE (since 07.31.2009), la Caisse Nationale des Caisses d’Epargne – CNCE (until July 31, 2009) Chief Executive Officer of: BP Participations (since 02.26.2009), CE Participations (since 07.31.2009) Chairman of the Board of Directors of: Natixis (since 04.30.2009), Financière Océor (since 07.15.2009) Chairman of the Supervisory Board of: Foncia Groupe (since 09.10.2009) Vice-Chairman of the Executive Committee of: Fédération Bancaire Française (since 07.08.2009) Member of the Board of: BP Participations, CE Participations (since 07.31.2009), CNP Assurances (since 04.21.2009), Sopassure (since 03.23.2009), Crédit Immobilier et Hotelier-CIH (Morocco) (since 05.28.2009)
93
annual_report
NatixisSA-AR_2008
5,230
4.2.5 – SPEs for Structured Finance “ New” CIB with the exception of financial engineering operations
16
annual_report
NatixisSA-AR_2015
4,519
The table below shows the (i) book value of interests held by Natixis in structured entities, broken down by major activities, as well as (ii) the maximum exposure to the risk of loss attributable to these interests.
37
annual_report
4443
1,583
Certain CMOs, primarily interest-only and principal-only strips, are accounted for as hybrid instruments and valued at fair value with changes in the fair value reported in Other net realized gains (losses) in the Consolidated Statements of Operations.
37
10K
LloydsBankingGroupPLC-AR_2018
75
I am clearly proud of our customer focus and financial performance. To deliver this sustainable success in the long-term we need to ensure we remain focused on enhancing customer experience. With this in mind, in February 2018 we announced our ambitious strategy to transform the Group for success in a digital world, with a significant increase in strategic investment. We have already made a great start in implementing the strategic initiatives which will further digitise the Group, enhance customer experience, maximise our capabilities as an integrated financial services provider and transform the way we work. In addition, towards the end of the year we also announced a strategic partnership with Schroders to create a market leading wealth proposition. Continued delivery against our strategic priorities positions us well for future success and our confidence is reflected in our guidance.
138
annual_report
2302
412
The average number of diluted shares outstanding for the fourth quarter of 2003 was 170 million, as calculated under the treasury stock method. We expect the average number of diluted shares will continue to trend upwards in 2004 depending on the number of share options exercised and our average stock price. We expect that the impact of the 4 million shares bought back in February 2004 on the average number of diluted shares outstanding for the first quarter of 2004 will be entirely offset by the impact of option exercises and higher prevailing average stock prices in the quarter.
99
10K
fr_axa-AR_2010
1,837
APE increased by €28 million (+11%) to €283 million. On a comparable basis, APE increased by €6 million (+2%) mainly due to Group Life (€+9 million) driven by higher demand for fullprotection insurance schemes.
34
annual_report
4949
491
The table below summarizes the fair value of the Company’s fixed income securities by contractual maturity as of December 31, 2014 and 2013.
23
10K
NatixisSA-AR_2011
3,007
Individual credit risk is managed within a particular framework constituted by these risk policies, country limits and rules of diversifi cation per unit of risk.
25
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
680
In 2013, PZU Lithuania obtained a gross written premium of a value of LTL 189m, i.e. 16.7% more than in 2012, which was significantly higher than the rate of growth of the whole market. This result was achieved as a result of the increased sales of non-life insurance
48
annual_report
INGGroepNV-AR_2019
1,426
Remuneration Committee discussed and prepared proposed new remuneration policies for the
11
annual_report
AegonNV-AR_2009
5,248
and other regulations in other jurisdictions affecting the capital we are required to maintain.
14
annual_report
5953
478
We use freestanding derivative instruments to hedge various capital market risks in our products, including: (i) crediting rates associated with index-linked annuities which are reported as embedded derivatives; (ii) current or future changes in the fair value of our assets and liabilities; and (iii) current or future changes in cash flows. All derivatives, whether freestanding or embedded, are required to be carried on the balance sheet at fair value with changes reflected in either net income (loss) or in OCI, depending on the type of hedge. Below is a summary of critical accounting estimates by type of derivative.
98
10K
Sampoplc-AR_2020
2,101
EURm Level 1 Level 2 Level 3 Total Other financial assets
11
annual_report
fr_axa-AR_2013
2,339
Board of Directors or the Chief Executive Offi cer; ■ appoints and determines the compensation of the Chief
18
annual_report
4028
876
At December 31, 2009 and 2008, RiverSource Life had no material commitments to purchase investments other than mortgage loan fundings. See Note 4 for additional information.
26
10K
4121
9,885
•a California fires following earthquakes agreement that covers Allstate Protection personal lines property excess catastrophe losses in California, effective June 1, 2009 to May 31, 2012;
26
10K
5835
1,269
Multiple actuarial methods are available to estimate ultimate losses. Each method has its own assumptions and its own advantages and disadvantages, with no single estimation method being better than the others in all situations and no one set of assumption variables being meaningful for all reserve classes. The relative strengths and weaknesses of the particular estimation methods when applied to a particular group of claims can also change over time.
70
10K
5266
686
For Nevada losses occurring in 2007 or prior, one method involves adjusting historical data for inflation. The inflation rates used in the analysis are judgmentally selected based on historical year-to-year movements in the cost of claims observed in our insurance
40
10K
StandardLifeAberdeenPLC-AR_2010
506
Our successful GARS proposition is now available to institutional investment clients in the USA, Canada and Australia where we have secured a number of new mandates. It has also recently been launched in a SICAV wrapper to access the international market. US expansion progressed well with the launch of our first segregated GARS mandate in the region and continued strong interest in the offshore GARS product.
66
annual_report
nl_ing_grp-AR_2016
5,199
• Capture: ensures that atomic data is captured by business units and is available for exchange according to pre-agreed standards and specifications.
22
annual_report
NatwestGroupPLC-AR_2016
6,158
In most cases, management expect an asset that has demonstrated a doubling of its lifetime probability of default would be considered to have a significant increase in credit risk.
29
annual_report
ScorSE-AR_2014
2,180
(1) Movements in derivative instruments are mainly due to the change in fair value of ATLAS V and VI derivatives recorded in other operating expenses
25
annual_report
201
172
The change in unrealized gains (losses), net of income tax, on fixed maturity and equity securities for the years ended December 31 is summarized as follows:
26
10K
4635
1,078
TransRe Senior Notes - Adjustments of the TransRe Senior Notes to their estimated fair value based on prevailing interest rates and other factors as of the Acquisition Date. See Note 8(b) for additional information on the TransRe Senior Notes.
39
10K
CNPAssurancesSA-AR_2005
1,178
The insurance package provided by CNP comprises death, temporary and permanent disability and unemployment cover.
15
annual_report
3038
1,416
Net cash used in continuing investing activities totaled $199.2 million, $141.8 million and $96.9 million for the years ended December 31, 2006, 2005 and 2004, respectively, which principally reflects acquisition activities and, to a lesser extent, capital expenditures. Cash expenditures for acquisitions amounted to $194.7 million, $129.5 million and $89.0 million for the years ended December 31, 2006, 2005 and 2004, respectively. Capital expenditures were $11.4 million, $10.9 million and $11.1 million for the years ended December 31, 2006, 2005 and 2004, respectively. The net effect of cash provided by (used in) discontinued investing activities was $6.2 million and $(0.1) million for the years ended December 31, 2005 and 2004, respectively. There were no cash flows from discontinued investing activities in 2006.
122
10K
601
1,169
The Hartford acquired ITT Ercos in May 1995. In 1996, revenues at ITT Ercos of $78 exceeded the eight months reported for 1995 by $27. Core earnings of $3 were $1 higher than 1995. During 1996, the company consolidated its branch offices into one centralized location and reorganized its national sales organization. These actions were taken to improve expense competitiveness and service which will position the company for future growth. The strengthening of the U.S. dollar against the peseta in 1996 resulted in a negative foreign exchange impact on revenues and core earnings of $2 and $1, respectively.
98
10K
fr_axa-AR_2015
5,088
The consolidated financial statements are prepared in compliance with IFRS standards and interpretations of the IFRS
16
annual_report
1657
3,624
has an agreement with United Wisconsin Life Insurance Company (“UWLIC”), a
11
10K
NatixisSA-AR_2015
9,516
2.2.1 Amendment to the agreement relating to the guarantee granted to the BPCE bondholders by the Natixis New York Branch Office on April 9, 2013.
25
annual_report
1668
584
Equity securities Banks, trust and insurance companies $ 1,100,000 $ 3,139,020 Industrial and miscellaneous 2,752,716 1,987,251 --------------- --------------- $ 3,852,716 $ 5,126,271 =============== ===============
24
10K
fr_axa-AR_2011
4,358
Group operates. AXA SA, the ultimate parent holding company of the AXA Group, is also subject to extensive regulation as a result of its listing on Euronext Paris and its interest in numerous regulated insurance and asset management subsidiaries. Given that the AXA Group is headquartered in
47
annual_report
NatwestGroupPLC-AR_2012
3,357
Emerging markets Emerging markets performed better on the whole. In developing Asia, the economies of China and India both continued to slow from a strong base, but risks remained held in check by healthy external balance sheets.
37
annual_report
3406
623
The following table provides the composition of our available-for-sale investment portfolio at December 31, 2006 and 2005, respectively:
18
10K
GjensidigeForsikringASA-AR_2012
2,687
Combination funds FORTIS L FUND-BD CONV WRLD-I 851.9 Total combination funds 851.9
12
annual_report
StandardLifeAberdeenPLC-AR_2015
815
Our people Our people have always been central to delivering our strategy, and we remain focused on bringing out the best in them, shown in Section 1.6 of the Strategic report.
31
annual_report
ScorSE-AR_2015
3,517
The training policy forms part of the "SCOR University" concept, which extends training to the international level and harnesses the synergies of existing training schemes. The concept is
28
annual_report
2561
392
The Company accounts for stock-based compensation in accordance with FAS 123, “Accounting for Stock-Based Compensation,” which establishes a fair value-based method of accounting for stock-based compensation plans.
27
10K
2830
680
Ratios. Our combined ratio was 71.5% for the twelve months ended December 31, 2004 compared to 74.8% for the comparable period of 2003, an improvement of 3.3 points (please see Note About Trade Ratios included in Item 6 above). The reduction in adverse development accounted for 2.6 points of the improvement; the current accident year loss ratio for 2004 was 2.9 points lower than in 2003; and the overall expense ratio increased by 2.1% in 2004 compared to 2003. Our combined ratio was significantly affected by our reinsurance treaties. We ceded 50% and 60% of our gross written premium in 2004 and 2003, respectively. The following table provides information about our combined ratio before and after reinsurance for 2004 and 2003.
121
10K
NatixisSA-AR_2015
8,593
Percentage of women in the workforce (as a %) (a) 51.6 51.5 49.5
13
annual_report
de_allianz-AR_2006
987
Actuarial risks consist of premium and reserve risks in the Property-Casualty segment as well as mortality risks in our Life/Health segment. In the Banking, Asset Management and Corporate segments actuarial risks are immaterial.
33
annual_report
3885
947
Proceeds from the sale of trading securities were $7,910,000, $5,815,000 and $995,000 in 2008, 2007 and 2006, respectively. Gross gains of $1,994,000, $2,081,000, and $232,000 and gross losses of $71,000, $29,000 and $42,000 were realized on these sales in 2008, 2007 and 2006, respectively. Additional gross gains (losses) of $(1,528,000), $(480,000), and $1,367,000 were realized in 2008, 2007 and 2006, respectively, which were attributable to the change in fair value of these securities.
73
10K
4600
1,832
The changes in Level 3 fair value measurements for the year ended December 31, 2012 are as follows:
18
10K
4136
880
The Company’s portfolio contains approximately 22 individual investment securities that are in an unrealized loss position.
16
10K
3827
1,560
For the years ended December 31, 2008 and 2007, the period book yield of the investment portfolio was 4.7% and 4.9%, respectively. As of December 31, 2008, approximately 99% of our fixed income investments (which included individually held securities and securities held in a global high-yield bond fund) consisted of investment grade securities. The average credit rating of our fixed income portfolio was AA+ as rated by Standard & Poor’s and Aa1 as rated by Moody’s, with an average duration of approximately 3.3 years as of December 31, 2008.
89
10K
1888
433
Citizens Insurance Acquisition was approximately $3,550,000 (including net costs associated with the transaction of approximately $50,000).
16
10K
SwissReAG-AR_1983
176
Net cash deposits from reinsurance business, i.e. after deduction of the shares due to retrocessionaires, fell primarily as a result of foreign exchange rates - by Sw. frs. 47 million to Sw.frs. 1,323 million.
34
annual_report
SwissReAG-AR_2015
2,517
Share in earnings of equity-accounted investees includes an impairment of the carrying amount of an equity-accounted investee of USD 83 million for 2015.
23
annual_report
5770
1,671
Corporate and government debt securities. The significant unobservable input used to value the following corporate and government debt securities is an adjustment for liquidity. An adjustment is needed to reflect current market conditions and issuer circumstances when there is limited trading activity for the security.
45
10K
1980
9,238
The following table summarizes GAFRI's life, accident and health premiums and benefits as shown in the Consolidated Income Statement (in millions).
21
10K
NatixisSA-AR_2006
5,423
The sensitivity analysis performed at year-end 2006 shows that a one-point increase in bond yields would have a negative impact of €23 million on equity, i.e. 3% of total capital.
30
annual_report
NatixisSA-AR_2018
3,210
The protection of customers’ interests is a core concern for Natixis that is reflected in the policies of every entity in France and abroad. In all circumstances, employees are required to serve customers with diligence, loyalty, honesty and professionalism, and to offer financial products and services that are appropriate to customers’ abilities and needs.
54
annual_report
1969
572
Universal life and investment-type product policy fees increased by $45 million, or 8%, to $592 million for the year ended December 31, 2001 from $547 million for the comparable 2000 period. The rise in fees reflects growth in sales and deposits in group universal life and COLI products. Higher fees in group universal life products represent an increase in insured lives for an existing customer, coupled with a change in a customer preference for group life over optional term products. The increase in corporate-owned life insurance represents a $27 million fee received in 2001 from an existing customer.
98
10K
1657
2,758
directors, and, as a result, the Cobalt common stock may trade at lower prices
14
10K
de_allianz-AR_2003
920
After adjustment for currency and consolidation effects, growth came to 7.3 percent.
12
annual_report
5319
3,286
We have actively managed Radian Guaranty’s capital position in various ways, including: (i) through internal and external reinsurance arrangements; (ii) by seeking opportunities to reduce our risk exposure through commutations and other negotiated transactions; and (iii) by contributing additional capital from Radian Group.
43
10K
BeazleyPLC-AR_2019
858
Management report The directors’ report, together with the strategic report on pages 1 to 70, serves as the management report for the purpose of Disclosure and Transparency Rule 4.1.8R.
29
annual_report
4014
1,930
The impact of adopting the new guidance on the Company's consolidated balance sheet was as follows:
16
10K
SwissReAG-AR_2010
1,108
Tenor Instrument Currency Nominal (millions) Terms of conversion 2001– 2021 Convertible bond USD 1 150 See below
17
annual_report
BaloiseHoldingLtd-AR_2001
286
Against the background of consistently low loan losses, mortgages and loans also generated a stable return of 4.5 percent.
19
annual_report
3674
2,625
We also enter into agreements to purchase goods and services in the normal course of business; however, these purchase obligations are not material to our consolidated results of operations or financial position as of December 31, 2008.
37
10K
4225
4,528
(a)Primarily includes professional fees related to (i) disposition activities, (ii) the Recapitalization and (iii) AIGFP unwinding activities.
17
10K
StorebrandASA-AR_2007
2,182
Life cover, group life insurance 55 146 821 33 88 493
11
annual_report
2297
840
• The Company realized $3.9 million in losses on the sale of a below-investment-grade structured security backed by a pool of high yield bonds, representing 6.3 percent of the total realized investment loss on sales of fixed maturity securities in 2002. The continued high level of defaults in the high-yield market and in this pool in particular continued to impact the credit quality of this investment. A review of the investment led to the conclusion that, while a decline in the level of defaults in the general market was expected, no improvement in the prospects for this structured security was expected. This conclusion resulted from the deterioration of the underlying pool of high yield bonds and the deteriorating performance record of the pool’s manager. The investment was downgraded to below-investment-grade status in the third quarter of 2001 and, at the time of sale, had been in an unrealized loss position for a period of greater than 270 days but less than 360 days. The circumstances of this investment have no impact on other investments.
174
10K
NatixisSA-AR_2003
712
Automobile (LLD), the long-term leasing subsidiary, ended its first full year of operation with 893 vehicles on its books.To support sales of these complex products, comprehensive training was given to the Banque Populaire regional banks' sales forces.
37
annual_report
gb_prudential-AR_2002
704
Items excluded from operating profit before amortisation of goodwill: Amortisation of goodwill (98) (95) Short-term fluctuations in investment returns (205) (480) Merger break fee (net of related expenses) – 338 Profit on sale of UK general business operations 355 –
40
annual_report
4146
1,224
The impact of reinsurance on life insurance inforce at December 31, 2009, 2008 and 2007 is shown in the following table.
21
10K
AvivaPLC-AR_2005
2,666
Components of life EEV return continued The life EEV operating return comprises the first three of these components and is calculated using economic assumptions as at the start of the year and operating (demographic, expenses and tax) assumptions as at the end of the year.
45
annual_report
PowszechnyZakladUbezpieczenSA-AR_2010
391
Apart from the said project related to the network of modern offices, the following activities have been taken in the area of customer service:  the structures of managing the existing offices in the PZU Group have been unified and the process of front-office staff unification has been started in order to provide comprehensive services to customers in the life and property segment in all offices;  an extended client service tool in group insurance was implemented with a possibility to sell property products to these clients, which should allow full use of cross-selling potential with regard to clients of PZU Życie (at present, the activity is being completed).
109
annual_report
de_allianz-AR_2011
2,824
◼ i m p A i r m e n t s o f g r e e k s o v e r e i g n b o n d p o r t f o l i o
41
annual_report
4051
3,362
AIG also measures the fair value of certain assets on a non-recurring basis, generally quarterly, annually, or when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. These assets include cost and equity-method investments, life settlement contracts, flight equipment primarily under operating leases, collateral securing foreclosed loans and real estate and other fixed assets, goodwill, and other intangible assets. AIG uses a variety of techniques to measure the fair value of these assets when appropriate, as described below:
86
10K
2235
481
The following selected consolidated financial data should be read in connection with the financial statements and related notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations appearing elsewhere in this Form 10-K. Selected financial data as of and for each of the years in the five-year
50
10K
1200
240
Assets under management and administration for continuing operations are shown in the table below. Because Financial Products and Investment Management Services report different components of the revenues generated by a particular group of assets under management, this group of assets is included in the assets reported by both segments. These assets must be eliminated from combined segment assets to determine the consolidated assets under management of the Company.
68
10K
5881
1,445
We have two classes of common stock, which we refer to as Class A common stock and Class B common stock. Our Class A common stock is entitled to be paid cash dividends that are at least 10% higher than the cash dividends we pay on our Class B common stock. Accordingly, we use the two-class
56
10K
909
423
FEDERAL INCOME TAXES Federal income taxes decreased $1.5 million, or 12.6%, to $10.2 million in 1997 from $11.7 million in 1996. The effective tax rate decreased to 24.1% in 1997 from 27.9% in 1996, due primarily to an increase in tax-exempt interest in 1997.
44
10K
TrygAS-AR_2013
785
The Group’s internal auditor attends all board meetings. The independent auditor attends the annual board meeting at which the annual report is presented.
23
annual_report
NatixisSA-AR_2007
9,172
Supervisory Board, except for the Chairman, shall cease to hold offi ce at the end of the next ordinary general meeting of shareholders.
23
annual_report
AssicurazioniGeneraliSpA-AR_2018
2,343
Effect of permanent differences (increases and decreases) compared to the ordinary rate
12
annual_report
1936
1,428
pay dividends and make distributions in respect of our capital stock and the capital stock of our subsidiaries;
18
10K
5625
1,146
Plan assets are invested in various pooled separate accounts under annuity contracts managed by two life underwriting enterprises. The plan’s investment policy provides that investments will be allocated in a manner designed to provide a long-term investment return greater than the actuarial assumptions, maximize investment return commensurate with risk and to comply with the Employee Income Retirement Security Act of 1974, as amended (which we refer to as ERISA), by investing the funds in a manner consistent with ERISA’s fiduciary standards. The weighted average expected long-term rate of return on plan assets assumption was determined based on a review of the asset allocation strategy of the plan using expected ten-year return assumptions for all of the asset classes in which the plan was invested at December 31, 2018 and 2017. The return assumptions used in the valuation were based on data provided by the plan’s external investment advisors.
148
10K
RaiffeisenBankInternationalAG-AR_2017
3,109
The following table shows the breakdown of loan loss provisions according to segments: Individual loan loss provisions 2,865,350
18
annual_report
BeazleyPLC-AR_2017
824
The provision of timely, accurate and appropriate information to the board and committees is key to good governance. We regularly review the board information to ensure it is in a form, and of a quality, to enable the board to discharge its duties.
43
annual_report
NatixisSA-AR_2014
5,937
5 FINANCIAL DATAConsolidated fi nancial statements and notes This information is determined based on the accounting principles applied in accordance with IFRS as adopted by the European Union at December 31, 2013.
32
annual_report
StandardLifeAberdeenPLC-AR_2013
624
Appointed Director in April 2012. Lynne is also a nonexecutive Director of Scottish Water, where she chairs its audit committee. She is a non-executive Director of Nationwide Building Society, and chairs its remuneration committee and is a member of its audit, risk and nomination committees. She joined National Australia Bank Limited in 2003 and, from 2004 to 2011, she was Chief Executive Officer, UK (Clydesdale Bank plc and Yorkshire Bank). Before that, Lynne was with Woolwich plc from 1983 to 2003, finishing her career there as Chief Executive Officer.
89
annual_report
TrygAS-AR_2008
2,033
TrygVesta Forsikring A/S has signed a portfolio management contract for DKK 126m. The contract expires in 2013. TrygVesta Forsikring A/S has signed a car leasing contract with NF Fleet for DKK 37m. The contract expires in 2013. TrygVesta Forsikring A/S has signed on IT leasing contract with IBM for DKK 27m. The contract expires in 2011.
56
annual_report
SwissReAG-AR_2016
1,347
As of 31 December 2016 Shareholders in % Shares in %
11
annual_report
3575
2,285
The Committee also considers results and analysis of cash flow modeling to supplement its review of various asset-backed securities. The focus of this analysis is on assessing the sufficiency and quality of the underlying collateral and timing of cash flow based on various scenario tests. This additional data provides the Committee with additional context to evaluate current market conditions to determine if the impairment is temporary in nature.
68
10K
fr_axa-AR_2006
4,497
(b) See note 1.12.2. – Reserves measured according to IFRS 4.24 option which allows to evaluate certain portfolios with current assumptions. (c) & (d) As unit-linked contracts, they share the same reserves measurement determined on the basis of held assets units fair value (“current unit value”). Only the valuation of related assets is different: – for unit-linked contracts with a discretionary participating feature (c), an asset representing the deferred acquisition costs is recognized in continuity with French GAAP; – for unit linked contracts with no discretionary participating feature (d), an asset representing the rights to future management fees is recognized in accordance with IAS 18
105
annual_report
HannoverRueckSE-AR_2013
484
In Brazil, a market in which we operate as an “admitted reinsurer ”, we ensure close business ties with our clients through a representative office. Although competition here is intensifying, we are very well positioned in the market and a valued partner thanks to our excellent financial standing.
48
annual_report
4257
3,260
Net written premiums for Other Insurance Operations decreased by 74.1% to $248.3 million in the year ended December 31, 2010 from $960.5 million in the year ended December 31, 2009, primarily due to the Commercial Lines Transaction and the Personal Lines Transaction. The year ended December 31, 2010 included $171.0 million of net written premiums primarily related to these exited businesses while the year ended December 31, 2009 included $871.7 million of net written premiums related to these businesses. Further, net written premiums at AutoOne decreased by 12.8% to $77.5 million primarily due to actions taken to reduce our exposure in the voluntary private passenger automobile market. Other Insurance Operations earned premiums for the year ended December 31, 2010 included the benefit of a $5.5 million correction of unearned LAD fees.
131
10K
DirectLineInsuranceGroupPLC-AR_2020
719
Quality Education Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
15
annual_report
1973
1,160
INCOME TAXES The 2002 provision for income taxes includes $31 million in tax benefits for the reduction of previously accrued amounts due to the resolution of certain tax matters. See Note I to the Financial Statements for an analysis of items affecting AFG's effective tax rate.
46
10K
AvivaPLC-AR_2007
2,489
AVIVA-COFCO Life Insurance Co. Limited Ordinary shares of RMB1each 50.0% China AvivaSA Emeklilik ve Hayat A.S,. Ordinary shares of YTL1each 49.7% Turkey CIMB Aviva Assurance Berhad Ordinary shares of RM1each 49.0% Malaysia CIMB Aviva Takaful Berhad Ordinary shares of RM1each 49.0% Malaysia First-Aviva Life Insurance Co., Ltd. Ordinary shares of NT$10 each 49.0% Taiwan
54
annual_report
1594
355
Income Tax (Benefit) Expense. The income tax benefit was $4.9 million in 2000 as compared to income tax expense of $30.9 million in 1999. The income tax benefit in 2000 was attributable to the recognition of investment losses. The Company's effective tax rate excluding net realized investment losses was 31.9% in 2000 and 31.5% in 1999.
56
10K