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NatwestGroupPLC-AR_2012 | 1,423 | Assets Cash and balances at central banks 79,290 79,269 57,014 Net loans and advances to banks 29,168 43,870 57,911 Reverse repurchase agreements and stock borrowing 34,783 39,440 42,607 Loans and advances to banks 63,951 83,310 100,518 Net loans and advances to customers 430,088 454,112 502,748 Reverse repurchase agreements and stock borrowing 70,047 61,494 52,512 Loans and advances to customers 500,135 515,606 555,260 Debt securities 157,438 209,080 217,480 Equity shares 15,232 15,183 22,198 Settlement balances 5,741 7,771 11,605 Derivatives 441,903 529,618 427,077 Intangible assets 13,545 14,858 14,448 Property, plant and equipment 9,784 11,868 16,543 Deferred tax 3,443 3,878 6,373 Prepayments, accrued income and other assets 7,820 10,976 12,576 Assets of disposal groups 14,013 25,450 12,484 Total assets 1,312,295 1,506,867 1,453,576 | 119 | annual_report |
4426 | 818 | Premiums for primary and reinsured risks are included in revenue over the life of the contract in proportion to the amount of insurance protection provided (i.e., ratably over the policy period). The portion of the premium that is applicable to the unexpired period of a policy in-force is not included in revenue but is deferred and recorded as unearned premium in the liability section of the balance sheet. Deferred premiums represent the unbilled portion of annual premiums. | 77 | 10K |
LloydsBankingGroupPLC-AR_2009 | 2,269 | Throughout 2009, both frameworks have continued to operate, whilst a single integrated framework has been in the course of development. The integrated framework and capital model will be rolled out during 2010 and it is anticipated that the Group will seek a variation from the FSA to operate under a single AMA waiver. | 53 | annual_report |
NatixisSA-AR_2005 | 3,217 | Rebate on tax reassessments - €1 million 2005: (1) Compensation on termination of lease contract over the Liberté 2 building | 20 | annual_report |
NatwestGroupPLC-AR_2015 | 1,005 | As part of this extended remit, the Committee will consider developments relating to banking reform and analogous issues affecting the Group in the markets where it operates, and will make recommendations to the Group Board on any consequential changes to the Group’s governance model. In order to reflect the revised remit, the Group Nominations | 54 | annual_report |
gb_prudential-AR_2009 | 927 | PRUPIM is a signatory of the United Nations Principles for Responsible Investment and continues to lead the property industry’s developments in sustainability through their active involvement in the British Property Federation, British Council of Shopping Centres, UK Green Building Council, Green Property Alliance, UN Environment Programme Finance Initiative, Institutional Investors Group on Climate Change, and, more recently, the Better Buildings Partnership – an initiative supported by the Mayor of London. | 70 | annual_report |
HelvetiaHoldingAG-AR_2014 | 2,784 | Helvetia Holding does not pay any dividends and other conditions are fulfilled. However, the suspended interest payments do not lapse. | 20 | annual_report |
3251 | 691 | We determine IBNR reserve estimates separately for our security classes and for our other specialty classes, since we have extensive historical experience data on the security classes and limited historical experience data for | 33 | 10K |
5418 | 661 | The following table presents summary results of our operating segments for the years ended December 31, 2015, 2016 and 2017 (in thousands): | 22 | 10K |
5819 | 932 | Our contracts are generally subject to maximum limits of indemnifications and, as such, we currently expect that maximum remaining gross losses payable under our retroactive policies will not exceed $56 billion. Absent significant judicial or legislative changes affecting asbestos, environmental or latent injury exposures, we also currently believe it unlikely that losses will develop upward to the maximum losses payable or downward by more than 15% of our estimated gross liability. | 71 | 10K |
5528 | 704 | The major components of operating revenues, benefits and expenses, and net (loss) income are as follows: | 16 | 10K |
3874 | 1,669 | Effective November 1, 2007, Individual Life reinsured the policy liability related to statutory reserves in universal life with secondary guarantees to a captive reinsurance subsidiary. These reserves are calculated under prevailing statutory reserving requirements as promulgated under Actuarial Guideline 38, “The Application of the Valuation of Life Insurance Policies Model Regulation”. An unaffiliated standby third party letter of credit supports a portion of the statutory reserves that have been ceded to this subsidiary. As of December 31, 2008, the transaction provided approximately $429 of statutory capital relief associated with the Company’s universal life products with secondary guarantees. The Company expects this transaction to accommodate future statutory capital needs for in-force business and new business written through approximately December 31, 2009. The use of the letter of credit will result in a decline in net investment income and increased expenses in future periods for Individual Life. As its business evolves in this product line, Individual Life will evaluate the need for, and availability of, an additional capital transaction which may impact the capacity to write these policies in the future. | 179 | 10K |
HannoverRueckSE-AR_2008 | 191 | +++ Further capital market transactions in the year under review +++ | 11 | annual_report |
PosteItalianeSpA-AR_2020 | 1,560 | Report on operations at 31 December 2020 5. Risks and opportunities | 11 | annual_report |
5011 | 4,467 | Assets held for sale: Comprise U.S. Treasury fixed income securities, short-term investments and separate account assets. The valuation is based on the respective asset type as described above. | 28 | 10K |
TrygAS-AR_2010 | 185 | Tryg intends to reduce claims by urging customers to prevent claims through guidance and attractive agreements, as preventive measures can help reduce risk and thus premium levels. | 27 | annual_report |
RaiffeisenBankInternationalAG-AR_2012 | 2,528 | For three members of the Management Board who changed from RZB to RBI the bonus calculation for 2010 was performed according to RZB return on equity (ROE). According to the contractual provisions applicable to these persons until the end of | 40 | annual_report |
AegonNV-AR_2013 | 2,170 | Forty percent of variable compensation related to performance year 2013 is payable in 2014. This will be split 50/50 in a cash payment and in an allocation of shares. | 29 | annual_report |
PosteItalianeSpA-AR_2017 | 6,102 | For the year ended 31 December 2016 1) Cost of services provided by Poste Italiane SpA: (4,418) (4,457) | 18 | annual_report |
4985 | 1,728 | Net investment income. Net investment income allocated to the Property and Casualty Reinsurance segment consists of net investment income on float and was $11.3 million for the year ended December 31, 2014 compared to $27.0 million for the year ended December 31, 2013. The decrease in net investment income on float for the year ended December 31, 2014 compared to the year ended December 31, 2013 was due to lower investment returns on investments managed by Third Point LLC partially offset by an increase in the total amount of the investments attributable to float managed by Third Point LLC. See the net investment income discussion below under “Corporate function” for explanations of the investment returns on investments managed by Third Point LLC and total net investment income for the periods presented. | 131 | 10K |
3563 | 1,542 | Our Lloyd’s segment contributed $91.8 million of total gross written premiums in 2006, or 59.4%, compared to $80.7 million, or 13.2% in 2005. This increase in Lloyd’s contribution reflects the run-off status of other segments in 2006 and modest growth in our Lloyd’s operations in 2006. | 46 | 10K |
gb_prudential-AR_2002 | 1,514 | Prudential UK & Europe Insurance Operations 3 Sheldon Square London W2 6PR | 12 | annual_report |
2026 | 1,640 | The following table indicates the line items in the Company’s consolidated and segmented income statements for the year ended December 31, 2001 that the Other Charges in the table above are reflected in. In addition, all of the reorganization charges are reflected in reconciling in the table as discussed above. | 50 | 10K |
3418 | 1,424 | In December 2007, the FASB issued SFAS 160, “Non-controlling Interests in Consolidated Financial Statements,” which amends Accounting Research Bulletin 51, “Consolidated Financial Statements,” to establish accounting and reporting standards for the non-controlling interest in a subsidiary and for the deconsolidation of a subsidiary. SFAS 160 clarifies the definition of a non-controlling interest and the proper accounting for that entity. SFAS 160 is effective for fiscal years beginning on or after December 15, 2008. Earlier adoption is prohibited. The Company is evaluating the impact of the adoption of SFAS 160, if any, on its consolidated financial statements. | 96 | 10K |
4092 | 887 | In May 2009, additional new authoritative accounting guidance (Accounting Standards Update No. 2009-5) under ASC 820 was issued. This update provides guidance for measuring the fair value of a liability in circumstances in which a quoted price in an active market for the identical liability is not available. In such instances, a reporting entity is required to measure fair value utilizing a valuation technique that uses (i) the quoted price of the identical liability when traded as an asset, (ii) quoted prices for similar liabilities or similar liabilities when traded as assets, or (iii) another valuation technique that is consistent with the existing principles of ASC 820, such as an income approach or market approach. The new authoritative accounting guidance also clarifies that when estimating the fair value of a liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of the liability. The adoption of this guidance in the third quarter of 2009 did not have an impact on our results of operations or financial condition. | 185 | 10K |
nl_ing_grp-AR_2014 | 1,120 | ING Bank’s capital position is primarily managed according to its published common equity Tier 1 ratio and leverage ratio. These are ING Bank’s main constraining factors and the most widely used variable for assessing banks’ capitalisation. | 36 | annual_report |
NatixisSA-AR_2019 | 324 | Corporate & Investment Banking serves corporate clients, financial institutions, institutional investors, financial sponsors, public sector entities and the Groupe BPCE networks. It advises them and develops innovative tailor-made solutions to support their strategy by drawing on the full range of its expertise in investment banking and mergers & acquisitions on capital markets, and in financing and transaction banking. Its objective is to develop a strategic dialogue with each of its clients over the long term by building a close working relationship with them through a strong regional and international presence. | 90 | annual_report |
1756 | 683 | Prior to the sale, on November 3, 1999, the Company increased its ownership of Conex from 66% to 83% through the redemption of its remaining preferred shares and conversion of intercompany loans into common stock. On August 2, 1999, the Company increased its ownership of Conex from 32% to 66% through the redemption of preferred shares, the proceeds from which were used to exercise warrants for common shares. The consolidated results of operations for the year ended December 31, 1999 reflect the consolidation of Conex for the period August 3 to December 31. Previous to consolidation, the investment was accounted for using the equity method. Consequently, the results of operations for the year ended December 31, 1999 include 32% of the losses in the unconsolidated affiliate for the period January 1 to August 2, 1999. The reported results in 2000 include Conex as a consolidated subsidiary until September 8, 2000. Conex's primary asset was a 60% sino-foreign joint venture that manufactures wheeled and tracked excavators in The People's Republic of China. | 171 | 10K |
4128 | 1,581 | Selling, underwriting and general expenses consist primarily of commissions, premium taxes, licenses, fees, amortization of deferred acquisition costs (“DAC”) and value of business acquired (“VOBA”) and general operating expenses. For a description of DAC and VOBA, see Notes 2, 9 and 12 to the Notes to Consolidated Financial Statements included elsewhere in this report. | 54 | 10K |
NatixisSA-AR_2005 | 1,373 | The ratio of liquid assets to liabilities falling due within one month must be higher than 100%. It stood at 139% at | 22 | annual_report |
SwissReAG-AR_2007 | 1,173 | Institutional investors Switzerland 26.8 53.5 14.4 Europe (excluding Switzerland) 33.0 65.7 17.7 | 12 | annual_report |
4120 | 1,852 | Our former Star HRG Division, which designed, marketed and administered limited benefit health insurance plans for entry level, high turnover and hourly employees, reported operating income of $128,000, $118,000 and $199,000 in the years ended 2009, 2008 and 2007, respectively. We have experienced very little activity in our Star HRG Division since the sale on July 11, 2006. | 58 | 10K |
de_allianz-AR_2013 | 2,382 | € 82 mn at Allianz Spain. The reduction was driven by lower claim frequency and severity due to the economic environment, more favorable price agreements with external suppliers and the increased number of small claims managed directly by Allianz Global Assistance with the benefit of a lower cost to the company. | 51 | annual_report |
fr_axa-AR_2000 | 139 | The AXA stock price outperformed its benchmark indices in the first half of 2000 before falling below benchmark in the second half as the US economy slowed and a number of major financial transactions were completed worldwide. While the transactions completed by AXA have improved its risk profile, the investment markets appear to have focused more narrowly on the loss of DLJ as a cash earnings contributor, as well as on the capital increase that was required to finance the aforementioned buyout of AXA Financial minority interests and on the impact of the potential flowback of AXA stock generated by the fact that certain US institutions limit their holdings of non-US securities. | 112 | annual_report |
fr_axa-AR_2000 | 2,173 | SHARES OWNED BY THE MANAGEMENT BOARD MEMBERS AT DECEMBER 31, 20001 | 11 | annual_report |
Sampoplc-AR_2011 | 1,951 | Liabilities for unit-linked insurance and investment contracts - 3,124 - - 3,124 | 12 | annual_report |
SwissReAG-AR_2002 | 63 | On 1 April 2003, Ann F. Godbehere will take over as Chief Financial Officer from John H. Fitzpatrick, who will become Head of the Life & Health Business Group on the same date. The fact that everyone involved in this reassignment of responsibilities was already employed at Swiss Re testifies to the depth of management talent available at the company. | 60 | annual_report |
RaiffeisenBankInternationalAG-AR_2009 | 2,402 | Rating models and credit structure The rating process is the process of determining the creditworthiness of a counterparty. Raiffeisen International uses internal ratings for assessing credit risk where different risk-classification procedures (rating and scoring models) for different asset classes are employed. Non-retail rating and scoring models are used uniformly in the whole Group and are available as specific software tools (e.g. for determining the creditworthiness and calculating the rating, rating documentation in the rating database). | 75 | annual_report |
HiscoxLtd-AR_2020 | 1,176 | Performance outcomes for 2020 In recognition of the withdrawal of the 2019 final dividend, the Committee agreed that Executive Directors would not be paid a bonus until the dividend has resumed. For completeness, the table opposite sets out the key objectives and individual achievements of each Executive Director. The pre-tax ROE for 2020 was -10.8%. | 55 | annual_report |
4828 | 2,151 | intent to sell or it is more-likely-than-not that it will be required to sell the security before recovery, declines in fair value are recorded in the consolidated statements of operations. | 30 | 10K |
SwissReAG-AR_2020 | 3,185 | • Increased operating costs (eg higher compliance costs, increased insurance premium) | 11 | annual_report |
AvivaPLC-AR_2011 | 3,769 | Notes to the consolidated financial statements continued 47 – Pension obligations continued (vii) Recognition in the statement of financial position The assets and liabilities of the schemes, attributable to defined benefit members, including investments in Group insurance policies (see footnote below), at 31 December 2011 were: UK Ireland Canada Total £m £m £m £m | 54 | annual_report |
ScorSE-AR_2009 | 477 | With the acquisition of XL Re Life America, a subsidiary of XL Capital Ltd., SCOR has further complemented its Life and Health business and U.S. offering. The transaction was signed on 18 July 2009 and was closed on 4 December 2009. The total consideration of the transaction amounts to EUR 31.7 million, being settled in cash, and entirely self-financed. The business acquired shows a strong compatibility with SCOR’s Life strategy that is rooted in focusing on traditional protection business that is not correlated with economic risks. | 86 | annual_report |
3318 | 1,828 | In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No. 157”). SFAS No. 157 (i) defines fair value, (ii) establishes a framework for measuring fair value in GAAP and (iii) expands disclosure requirements about fair value measurements. SFAS No. 157 is effective for all financial statements issued for fiscal years beginning after November 15, 2007. We adopted SFAS No. 157 effective January 1, 2008 and are currently evaluating the impact of adoption, which could be material, on our consolidated financial statements. In accordance with SFAS No. 157, we will be required to incorporate into the fair value of our derivative instruments an adjustment that reflects the credit quality of Radian Group Inc. When valuing debt and derivative liabilities, a widening of the obligor’s credit spread results in a reduction of the fair value of the liabilities. Radian’s credit spread has widened substantially since the beginning of 2007. Between January 1, 2007 and February 29, 2008, Radian’s 5-year credit default swap spreads increased by 998 basis points, from 37 basis points to 1,035 basis points. In accordance with FSP SFAS No. 157-2, we have elected to defer the effective date of SFAS No. 157 for nonfinancial assets and nonfinancial liabilities until January 1, 2009. | 207 | 10K |
4211 | 1,029 | Net investment income decreased 3.2% to $547.8 million in 2009 from $565.9 million in 2008, primarily due to lower yields on new money, partially offset by a decrease in losses from our limited partnership investments that invest in public and non-public securities, both equity and debt. | 46 | 10K |
2120 | 371 | See the section titled "Property and Casualty Reserves for Unpaid Claims and Claim Expenses" on pages 4-6 and Note 6 to our consolidated financial statements for a more detailed discussion of the general approach we follow in establishing and adjusting claim-related reserves. | 42 | 10K |
fr_axa-AR_2004 | 1,047 | On September 30, 2005, AXA’s fully paid up share capital totaled €4,375,603,269.94, evidenced in 1,910,743,786 shares with a par value of €2.29 and earning dividends as of January 1, 2005. | 30 | annual_report |
INGGroepNV-AR_2009 | 2,352 | Asset backed securities in the United States Level 3 assets include EUR 6.4 billion at 31 December 2009 and EUR 25.2 billion at 31 December 2008 for investments in asset backed securities in the United States. The decrease mainly relates to the transfer of Alt-A securities to the Dutch State as part of the Illiquid Asset Back-Up Facility and a transfer to Level 2 as described above. These assets are valued using external price sources that are obtained from third party pricing services and brokers. | 85 | annual_report |
INGGroepNV-AR_2017 | 2,786 | As at 31 December 2017, ING Group has unused lines of credit available including the payment of commercial paper borrowings relating to debt securities in issue of EUR 5,750 million (2016: EUR 12,015 million). | 34 | annual_report |
2891 | 487 | The Company receives underwriting and distribution services from Allstate Financial Services, LLC ("AFS"), an affiliated broker/dealer company, for certain variable annuity and variable life insurance contracts sold by Allstate exclusive agencies. The Company incurred $46 million, $44 million and $38 million of commission and other distribution expenses for the years ending December 31, 2005, 2004 and 2003, respectively. | 58 | 10K |
AvivaPLC-AR_2019 | 1,907 | Maximum opportunity There is no maximum increase within the Policy. However, basic salary increases take account of the average basic salary increase awarded to the broader employee population. Different levels of increase may be agreed in certain circumstances at the Committee’s discretion, such as: • An increase in job scope and responsibility • Development of the individual in the role • A significant increase in the size, value or complexity of the | 72 | annual_report |
2279 | 547 | Income taxes. Income taxes for the year ended December 31, 2003 were $8.1 million, at an effective tax rate of 38.9%, compared to $12.4 million at an effective tax rate of 41.0% for the year ended December 31, 2002. The effective tax rate for the year ended December 31, 2003 reflects $283 thousand of net state tax refunds relating to prior years. The decrease in the effective tax rate is primarily related to the true up of the estimated 2002 state tax liability. We expect a normalized effective income tax rate of approximately 40% in future periods. | 97 | 10K |
HelvetiaHoldingAG-AR_2017 | 561 | The changes to the fixed total compensation proposed to the Shareholders’ Meeting thus include the additions referring to the former variable compensation as well as the personnel changes on the Board of Directors. | 33 | annual_report |
NatixisSA-AR_2020 | 5,415 | The Natixis Grand Cayman branch was closed in the third quarterV of 2020. | 13 | annual_report |
CNPAssurancesSA-AR_2016 | 82 | IT PAYS TO BE AGILE IN THE UPSCALE SEGMENT CNP Assurances pulled out all the stops to establish itself in wealth management. It set up CNP Patrimoine as a dedicated unit, built a range of life insurance products in line with the highest standards of the upscale segment, created a range of innovative products, introduced digital investment and management tools, and established a subsidiary in Luxembourg. The impact was immediate. CNP Assurances sealed distribution partnerships with the most highly respected private banks in the marketplace. Along with its two longstanding partners – La Banque Postale and the BPCE Group via Banque 1818 –, wealth management’s development has been stellar, revitalising CNP Assurances’ image. | 113 | annual_report |
3648 | 1,992 | Year Ended December 31, 2008 compared with the Year Ended December 31, 2007 - Auto & Home | 17 | 10K |
NatwestGroupPLC-AR_2012 | 2,364 | Note: (1) Largely comprises certain of the Group’s portfolios covered by the standardised approach, for which a probability of default equivalent to those assigned to assets covered by the internal ratings based approach is not available. | 36 | annual_report |
5773 | 962 | The Company bases its investment decision on the underlying credit characteristics of the municipal security. The weighted average credit rating of the municipal bond portfolio was “Aaa/Aa1” at December 31, 2019. | 31 | 10K |
Sampoplc-AR_2016 | 375 | During 2016 Sampo complied in full with the Finnish Corporate Governance Code issued 1 October 2015 by the Securities Market Association, effective from 1 January 2016. | 26 | annual_report |
PosteItalianeSpA-AR_2019 | 2,597 | Therefore, the Policy’s objective is to prevent, manage and, where possible, reduce the environmental impacts generated by the Company’s operational activities, in particular, from the use of buildings and logistics and transport activities, whether carried out directly or through suppliers and partners. | 42 | annual_report |
2462 | 582 | Other operating expenses - were $8.5 million and $8.0 million for the years ended December 31, 2004 and 2003, respectively. The increase of $0.5 million in general operating expenses was primarily due to increased business in-force. | 36 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011 | 276 | Munich re group annual report 2011 all in all, the remuneration system for members of the board of Management was in conformity with the recommendations of the german corporate governance code for 2011. in particular, it also complies with the german regulation of 6 october 2010 con cerning the supervisory law requirements for remuneration schemes in the insurance sector (insurance compensation regulation – versvergv). | 64 | annual_report |
5770 | 1,223 | Corporate reflects amounts not allocated to operating segments, including net interest expense (defined as interest on corporate debt less net investment income on investments not supporting segment and other operations), certain litigation matters, expense associated with our frozen pension plans, charitable contributions, severance, certain overhead and project costs and intersegment eliminations for products and services sold between segments. As discussed in the introduction to Segment Reporting, beginning in the first quarter of 2019, compensation cost for stock options is now recorded by the segments. Prior year results for Corporate were not restated to reflect this change. | 96 | 10K |
5250 | 724 | On April 8, 2016 we entered into an amendment and restatement to our multicurrency credit agreement dated September 19, 2013 (which we refer to as the Credit Agreement), with a group of fifteen financial institutions. The amendment and restatement, among other things, extended the expiration date of the Credit Agreement from September 19, 2018 to April 8, 2021 and increased the revolving credit commitment from $600.0 million to $800.0 million, of which $75.0 million may be used for issuances of standby or commercial letters of credit and up to $75.0 million may be used for the making of swing loans, (as defined in the Credit Agreement). We may from time to time request, subject to certain conditions, an increase in the revolving credit commitment under the Credit Agreement up to a maximum aggregate revolving credit commitment of $1,100.0 million. There were $278.0 million of borrowings outstanding under the Credit Agreement at December 31, 2016. Due to the outstanding borrowing and letters of credit, $500.9 million remained available for potential borrowings under the Credit Agreement at December 31, 2016. | 178 | 10K |
2987 | 2,343 | effectiveness of our distribution and service channels by increasing the productivity of the Allstate brand's exclusive agencies and our direct channels: the Internet and call centers. | 26 | 10K |
3217 | 1,075 | aggregate liquidation preference of $197,178, equal to the book value of Darwin Group on December 31, 2005, in exchange for all of the outstanding common stock of Darwin Group held by AIHL. In addition, AIHL exchanged its 6,600,000 shares of common stock of DPUI, representing 80% of the issued and outstanding shares of DPUI, for 9,560 additional shares of Series A Preferred Stock of DPUI having an additional aggregate liquidation preference of $20 per share, representing 80% of the book value of DPUI on December 31, 2005. We refer to these transactions, collectively, as the “Reorganization.” As a result of the reorganization, the only shares of common stock outstanding as of January 1, 2006 were unvested restricted shares. | 118 | 10K |
gb_prudential-AR_2019 | 2,867 | As part of the Board’s wider initiatives, which included the appointment of designated Non-executive Directors who led on workforce engagement during the year as detailed in the ‘Governance’ section earlier in this Annual report, the Committee took additional measures in 2019 to explain how the remuneration of Executive Directors aligns with the wider company pay policy. The Company established a microsite on its intranet that outlines executive pay arrangements during the previous financial year and key areas of change for 2019. It explains to employees that total remuneration for Executive Directors is made up of a number of elements and is governed by both the Directors’ remuneration policy and the Group’s remuneration policy (which is also published on the Company’s website) with the relevant links to these documents. | 128 | annual_report |
5235 | 1,005 | When we establish our reserves, we analyze various factors such as our historical loss experience and that of the insurance industry, claims frequency and severity, our business mix, our claims processing procedures, legislative enactments, judicial decisions and legal developments in imposition of damages, and general economic conditions, including inflation. A change in any of these factors from the assumptions implicit in our estimates will cause our ultimate loss experience to be better or worse than indicated by our reserves, and the difference could be material. Due to the interaction of the aforementioned factors, there is no precise method for evaluating the impact of any one specific factor in isolation, and an element of judgment is ultimately required. Due to the uncertain nature of any projection of the future, the ultimate amount we will pay for losses will be different from the reserves we record. However, in our judgment, we employ techniques and assumptions that are appropriate, and the resulting reserve estimates are reasonable, given the information available at the balance sheet date. | 172 | 10K |
3702 | 1,268 | and 2006, we paid $3.7 million and $21.1 million to repurchase 0.2 million shares and 0.8 million shares of our Common Stock, respectively. | 23 | 10K |
AvivaPLC-AR_2012 | 3,212 | Total (excluding assets held for sale) 3.5 1.3 4.8 13.1 4.3 17.4 | 12 | annual_report |
4812 | 1,759 | Liabilities for policy and contract claims, which primarily represent liabilities for claims under medical stop-loss and individual life policies, are established on the basis of reported losses. The Company also provides for claims incurred but not | 36 | 10K |
2181 | 839 | Senior HMO membership decreased approximately 20% at December 31, 2002 compared to the prior year due to a decrease of 150,100 members in California and Texas. This decrease primarily resulted from county exits and member disenrollments attributable to reduced benefits and increased premiums effective January 1, 2002. | 47 | 10K |
2264 | 290 | Rental expense was approximately $18,773,000, $17,586,000 and $18,021,000 for 2003, 2002 and 2001, respectively. Future minimum lease payments (without provision for sublease income) are $14,583,000 in 2004; $12,503,000 in 2005; $10,103,000 in 2006; and $26,525,000 thereafter. | 36 | 10K |
HannoverRueckSE-AR_2009 | 2,832 | The breakdown of actual and deferred income taxes was as follows: Income tax in eUr thousand 2009 2008 actual tax for the year under review 146,887 181,395 actual tax for other periods 37,804 30,298 | 34 | annual_report |
4312 | 1,464 | Dividends. Our quarterly common stock dividend is $0.0025 per share. Assuming that our outstanding common stock remains constant at 133,049,213 shares (the number of shares outstanding at December 31, 2010), we would require approximately $1.3 million in the aggregate to pay our quarterly dividends for the next 12 months. | 49 | 10K |
fr_axa-AR_2015 | 8,347 | ■ disclosure controls and procedures designed to ensure that executives have the necessary information to make fully informed disclosure decisions on a timely basis and that the | 27 | annual_report |
4749 | 1,128 | $32,900 was funded through loans with First Niagara Bank and the balance with cash on hand. For the year ended December 31, 2013, rental revenue and net loss from this acquisition were approximately $1,082 and $901, respectively. | 37 | 10K |
275 | 361 | The interest rate used to discount the disability reserves is a composite of the yields on assets specifically matched with each block of business. Management expects the reserve discount rate for certain disability products will further decline, since current cash flows are invested in high quality assets at current yields, which are below the composite yield of the existing assets purchased in prior years. UNUM periodically adjusts prices on both existing and new business in an effort to mitigate the impact of the current interest rate environment. | 87 | 10K |
5695 | 930 | Ambac’s subsidiaries provide financial guarantees in respect of assets held or debt obligations of VIEs. Ambac’s primary variable interest exists through this financial guarantee contract. The | 26 | 10K |
4843 | 1,548 | As of December 31, 2013, we were in compliance with all covenants under our revolving credit facility. | 17 | 10K |
AvivaPLC-AR_2018 | 360 | Long-term investment return (LTIR) declined by £2 million to £161 million (2017: £163 million), with the reduction in the internal loan return (net neutral to Group) broadly offset by the impact of an updated investment mix. | 36 | annual_report |
AegonNV-AR_2010 | 722 | Underlying earnings geographically New Markets In EUR million 2010 2009 % | 11 | annual_report |
fr_axa-AR_2007 | 7,914 | Principal function branch Asset Management Specialist — AXA Financial, inc. (united States) | 12 | annual_report |
RaiffeisenBankInternationalAG-AR_2006 | 660 | Founded in 1991, Tatra banka a.s., is now the third-largest bank in Slovakia by total assets with a balance sheet total of 6 billion (plus 24 per cent). The bank has been considered a long-time leader in areas such as corporate banking, electronic banking, treasury, asset management, payment cards and private banking. Through its network of 145 business outlets, it offers a comprehensive range of banking services for its 650,000 retail and 2,800 corporate customers (plus 6 and 34 per cent, respectively). | 83 | annual_report |
5208 | 1,592 | Income taxes were different from the amount computed by applying the statutory federal income tax rate to income before income taxes as follows: | 23 | 10K |
5860 | 1,165 | The amortized cost and fair value of our available-for-sale investments in fixed maturity securities presented by contractual maturity as of December 31, 2020 and 2019, were as follows: | 28 | 10K |
3563 | 1,756 | Premiums written and ceded on certain types of contracts include estimates based on information received from the ceding companies, brokers or insureds. Estimates of written premiums are re-evaluated over the term of the associated contracts as underwriting information becomes available and as actual premiums are reported by the ceding companies, brokers or insureds. Subsequent changes to the premium estimates and cancellations are recorded as adjustments to premiums written in the period in which they become known. Such adjustments to estimated premium may be significant. | 84 | 10K |
4440 | 2,793 | At December 31, 2011 and 2010, $1.9 billion and $2.4 billion of letters of credit were outstanding, of which 93.8% and 21.1%, respectively, were collateralized by the Company’s investment portfolios, primarily supporting U.S. non-admitted business and the Company’s Lloyd’s syndicates’ capital requirements. | 42 | 10K |
2152 | 757 | The Institutional Markets business unit of Group Operations, which was not included in the sale of CNA's group benefits business to Hartford and provides investment products to pension plan sponsors and other institutional customers, would be significantly impacted by a downgrade of CAC/VFL. | 43 | 10K |
HiscoxLtd-AR_2018 | 1,819 | Profit before tax 137,375 39,692 Tax calculated at the standard corporation tax rate applicable in Bermuda: 0% (2017: 0%) – – Effects of Group entities subject to overseas tax at different rates 4,411 (4,391) Impact of overseas tax rates on: Effect of rate change 497 1,429 Expenses not deductible for tax purposes 1,425 2,159 Tax losses for which no deferred tax asset is recognised 5,303 6,673 | 66 | annual_report |
3264 | 543 | See the APMT Reserves section of this MD&A and Note F of the Consolidated Financial Statements included under Item 8 for additional information relating to APMT claims and reserves. | 29 | 10K |
2849 | 874 | Premiums and discounts on debt securities are amortized over the life of the security as an adjustment to yield using the effective interest method. Realized gains and losses on disposition of investments are included in net income. The cost of investments sold is determined on the specific identification method using the highest cost basis first. Included in investments at December 31, 2005 and 2004 are securities on deposit with various regulatory authorities as required by law amounting to $12,929,527 and $13,000,797, respectively. | 82 | 10K |
HiscoxLtd-AR_2019 | 1,315 | Salary reviews are applied consistently throughout the Group, ensuring employees are paid fairly in line with their responsibilities, experience and the market rate for the role. All employees (including Executive Directors) are encouraged to become Hiscox shareholders through our SAYE schemes and have benefited from the strong share price growth over recent years. Employees participate in a discretionary profit-related bonus scheme, with the overall level of payout based primarily on financial performance. More junior employees may also receive a personal performance bonus. | 82 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2018 | 2,182 | Members of the Supervisory Board are appointed by the Shareholder Meeting for a joint term of office which lasts three consecutive full financial years. At least one member of the audit committee appointed by the Supervisory Board must hold qualifications in accounting or auditing financial statements within the meaning of the Act on Statutory Auditors, Audit Firms and Public Supervision. Furthermore, in accordance with the said Act, the majority of the audit committee members should meet the statutory independence criteria (independent member) concerning, without limitation, professional or family ties, especially to managers or supervisors of PZU or PZU Group entities. An independent supervisory board member is obligated to present a written declaration on satisfying all the independence criteria and advise the Company of ceasing to satisfy these criteria. In addition, the Articles of Association give the State Treasury the right to appoint and dismiss one member of the Supervisory Board by way of a written statement submitted to the Management Board. This right will expire if the State Treasury ceases to be a Company shareholder. A candidate to be a Supervisory Board member named by the State Treasury | 188 | annual_report |
5491 | 2,295 | For discussion of the valuation methodologies for assets and liabilities measured at fair value, as well as a discussion of transfers of Level 3 assets and liabilities see Note 5 to the Consolidated Financial Statements. | 35 | 10K |
1530 | 474 | The fair value of the look-back option implicit in each offering of the Purchase Plans is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in 2000, 1999 and 1998, respectively: dividend yield of 0% for all years; expected volatility of 46%, 45% and 32%; risk-free interest rates of 5.79%, 4.66% and 5.30%; and expected lives of six months for all years. | 74 | 10K |
1888 | 544 | Premiums, Benefits and Expenses. Premiums for traditional individual life (including Preneed) and accident and health policies are reported as earned when due. Benefit claims (including an estimated provision for claims incurred but not reported), benefit reserve changes and expenses (except those deferred) are charged to expense as incurred. Deferred policy acquisition costs related to traditional life and accident and health policies are charged to expense over the life of the policy using methods and assumptions consistent with those used in estimating liabilities for future policy benefits. In determining whether a premium deficiency exists on short-duration policies, management does not give consideration to investment income. | 104 | 10K |
157 | 1,023 | Medicare supplement 22.2 25.8 32.0 (13.0)% (19.4)% Other accident and health 8.7 9.3 10.5 (6.5)% (11.4)% Life insurance 8.8 7.3 4.3 20.5% 69.8% | 23 | 10K |
3029 | 547 | The Company believes that the cash flows it receives from its subsidiaries and, if needed, additional borrowings from banks and affiliates of the Company will enable the Company to meet its liquidity requirements for the foreseeable future. Management is not aware of any current recommendations by regulatory authorities which, if implemented, would have a material adverse effect on the Company’s liquidity, capital resources or operations. | 65 | 10K |
3630 | 1,198 | Group life, accident and health - The 2008 increase in premium is from our current-year acquisition of MultiNational Underwriters, for which we use one of our managed Lloyd’s syndicates as the issuing carrier. The 2007 increase was from our 2006 acquisition of the Health Products Division, which writes medical stop-loss and medical excess products. We retain all of our medical stop-loss and medical excess business because the business is non-volatile and has very little catastrophe exposure. | 76 | 10K |
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