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ch_zurich_insurance_group-AR_2010
2,672
Zurich Financial Services (now Zurich Financial Services Ltd) was a defendant in putative class-action securities lawsuits relating to its divestiture of its interest in Converium (now Scor Holding (Switzerland) AG). On July 25, 2008, Zurich Financial Services Ltd and the class-action plaintiffs entered into an amended...
186
annual_report
4013
757
On December 30, 2008, the Company purchased an 8.2% interest in Odyssey common shares, from TIG Insurance Group, Inc., a Fairfax affiliate, for $246,066. As consideration for its investment in Odyssey, the Company released its Fairfax Inc. note (discussed below) of equal fair value.
44
10K
RSAInsuranceGroupPLC-AR_2018
2,098
Group underlying Return on Tangible Equity (ROTE) 20% 32% 20% 32%
11
annual_report
de_allianz-AR_2016
2,144
Net income attributable to shareholders – basic 6,883 6,616 Effect of potentially dilutive common shares (22) (5) Net income used attributable to shareholders – diluted 6,861 6,611
27
annual_report
2711
1,018
Generally, for pro-rata or quota share reinsurers, including pool participants, the Company issues quarterly settlement statements for premiums less commissions and paid loss activity, which are expected to be settled within 45 days after the quarter end. The Company has the ability to issue "cash calls" requiring such...
115
10K
2104
1,095
As of December 31, 2001, the Company's primary internal business divisions were focused on large employer group business, individual and small employer group business, and senior and specialty business. As a result of the January 31, 2002 acquisition of RightCHOICE, the organizational structure of the Company changed e...
80
10K
4995
675
In May 2014, the FASB issued revenue recognition guidance for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards such as insurance contracts or lease contrac...
162
10K
5152
1,038
We expanded our lines of business in new directions by acquiring Eastern, a provider of workers' compensation insurance, on January 1, 2014. We have also been a consistent acquirer of other physician insurers, completing four acquisitions between 2009 and 2013 as well as acquiring an agency largely focused on the profe...
93
10K
BaloiseHoldingLtd-AR_2016
2,621
1 Including shares financed by loans. 2 Net of the discounted dividend right over three years.
16
annual_report
4782
1,247
Increasing competition in the recruiting of new general agents and agents;
11
10K
gb_prudential-AR_2010
2,656
Mortality The mortality assumptions are set in light of recent population and internal experience. The assumptions used are percentages of standard actuarial mortality tables with an allowance for future mortality improvements. Where annuities have been sold on an enhanced basis to impaired lives an additional age adju...
188
annual_report
PosteItalianeSpA-AR_2019
989
� FS 11 Percentage of assets subject to positive and negative environmental or social screening regarding social/environmental aspects
18
annual_report
PosteItalianeSpA-AR_2020
10,500
Regulation (EU) 596/2014 of the European Parliament and Council of 16 April 2014 relating to market abuse, as well as the indications contained in the Consob Guidelines on the subject.
30
annual_report
SwissReAG-AR_2020
850
Premiums earned 19 275 20 832 8 Combined ratio in % 107.8 109.0 Net operating margin in %2 3.8 0.1 Return on equity in %1 4.4 –2.8 Life & Health Reinsurance Net income attributable to common shareholders 899 71 –92 Gross premiums written 14 452 15 067 4 Premiums earned and fee income 13 004 13 883 7 Net operating margi...
91
annual_report
HannoverRueckSE-AR_2011
2,510
ing the company. This arrangement does not apply to Board members appointed prior to 1997.
15
annual_report
INGGroepNV-AR_2001
1,350
Joined ING in 1996. F O R M E R P O S I T I O N : President VNO-NCW
21
annual_report
3589
978
Operating revenue in the Corporate segment was $46.3 million in 2007 compared to $60.5 million in 2006 and $61.2 million in 2005.
22
10K
2877
537
Effective January 1, 2004, liabilities for GMDB, GGU and GMIB benefits have been established under SOP 03-1. Actuarial models to simulate various equity market scenarios are used to project these benefits and contract assessments and include making significant assumptions related to client asset value growth rates, mor...
107
10K
3724
2,156
As part of purchase accounting related to the Combined Insurance acquisition, we applied fair value accounting to the future policy benefit reserves acquired. An additional liability resulted primarily as a result of using current interest rates and an adjusted risk margin. We applied this fair value adjustment by esse...
76
10K
2789
736
We analyze our segment results based on pre-tax operating income (loss). Accordingly, income taxes are not allocated to the segments. In addition, operating results are analyzed net of any transactions between the segments. Operating income (loss) represents net income excluding the impact of realized and unrealized ga...
151
10K
SwissLifeHoldingAG-AR_2016
2,942
A sensitivity analysis was performed for each significant actuarial assumption which shows the impact on the defined benefit obligation of changes in the respective actuarial assumptions that were reasonably possible at the balance sheet date. The calculation is done by leaving all other assumptions unchanged (i.e. at ...
119
annual_report
NatixisSA-AR_2002
2,546
Ho Chi Minh City Natexis Banques Populaires 11, Me Linh Square phuong – Ben Nghe Qi Ho Chi Minh City
20
annual_report
RaiffeisenBankInternationalAG-AR_2008
628
Net new allocations to portfolio-based provisions increased by 266 per cent to € 278 million and therefore more strongly than individual provisions did. That refl ects, in particular, the expectation of rising defaults in 2009 because of the economic situation and currency levels which both started to deteriorate signi...
107
annual_report
320
273
catastrophe losses experienced by the industry in past years had caused the reinsurance market capacity to be limited and more costly.
21
10K
fr_axa-AR_2010
12,225
(f) Salaried workforce that has left AXA because of an activity/job transfer to an external company.
16
annual_report
RSAInsuranceGroupPLC-AR_2010
2,047
• For cashflow hedges, a forecast transaction that is the subject of the hedge must be highly probable and must present an exposure to variations in cashflows that could ultimately affect profit or loss
34
annual_report
HelvetiaHoldingAG-AR_2018
3,055
Value of new business in % PVNBP 1.7 % 1.8 %
11
annual_report
4704
1,198
Under the universal life insurance guidance, income earned on preneed life insurance policies sold after January 1, 2009 are presented within policy fee income net of policyholder benefits. Under the limited pay insurance guidance, the consideration received on preneed policies sold prior to January 1, 2009 is presente...
60
10K
2925
1,206
As a result of these settlements, AIG made payments totaling approximately $1.64 billion, $225 million of which represented fines and penalties. A substantial portion of the money will be available to resolve claims asserted in various regulatory and civil proceedings, including shareholder lawsuits.
43
10K
AegonNV-AR_2018
8,090
Page 42 (Corporate governance) Page 98 (Statement of Materiality, Significant Audiences and Responsibilities)
13
annual_report
AssicurazioniGeneraliSpA-AR_2019
1,836
The procedures performed on the DNF were based on our professional judgment and included inquiries, primarily with company’s personnel responsible for the preparation of the information included in the DNF, documents analysis, recalculations and other procedures in order to obtain evidences considered appropriate.
43
annual_report
gb_prudential-AR_2015
358
Long-term industry leader — Strong presence in major cities and all 63 provinces
13
annual_report
DirectLineInsuranceGroupPLC-AR_2018
673
– Catastrophe and motor excess of loss reinsurance limits our exposure to events and large losses
16
annual_report
CNPAssurancesSA-AR_2013
207
high quality volume processing At the end of 2013, the 800 members of the CnP Assurances policyholder services team were managing 224 different products and 15.5 million life insurance and individual personal risk contracts. A key means of communicating with policyholders, the annual and half-yearly policy statements r...
140
annual_report
5484
336
While we obtain pricing from independent pricing services, management is ultimately responsible for determining the fair value measurements for all securities. To ensure fair value measurement is applied consistently and in accordance with U.S. GAAP, we periodically update our understanding of the pricing methodologies...
147
10K
fr_axa-AR_2019
8,639
For some line of business, these estimates require a high degree of judgment, and the assumptions selected may have a significant impact on the ultimate claims cost of these reserves at the end of the reporting period as the inherent uncertainty is higher. This is especially the case for Property & Casualty lines of bu...
71
annual_report
ScorSE-AR_2017
4,997
Bonuses are calculated based on annual gross salary. The components of the Partners’ bonuses are linked to their Partnership level.
20
annual_report
AssicurazioniGeneraliSpA-AR_2014
4,037
Expert & Finance S.A. 029 EUR 3,292,070 G 11 91.19 Generali Vie S.A. 91.19 90.23
15
annual_report
nl_ing_grp-AR_2019
3,922
ING Group has not early adopted any other standard, interpretation or amendment in 2019 which has been issued, but is not yet effective.
23
annual_report
822
183
Premiums earned from retroactive reinsurance and structured settlement contracts were $143.5 million in 1997. Relatively minor amounts of premiums were earned from such contracts in 1996 and 1995. These contracts provide excess of loss coverage with respect to past loss events or periodic payments to claimants in conne...
129
10K
RaiffeisenBankInternationalAG-AR_2019
2,240
Growth rates in phase I and II 2.1% 1.8% 2.0% 1.8%
11
annual_report
de_allianz-AR_2016
694
1 For further information about our Asset Management business segment, please refer to note 5 to the consolidated financial statements.
20
annual_report
Sampoplc-AR_2015
1,146
When this Net Debt is divided by the book value of Sampo plc’s equity holdings of EUR 7,928 million, the resulting ratio or “Loan-to-Value” (“LTV”) would be 12 per cent. However, the post-dividend Net Debt will be higher than EUR 959 million, but this is compensated by the higher market value of Sampo plc´s holdings co...
77
annual_report
fr_axa-AR_2007
6,221
The option pricing assumptions and fair value for plans issued in 2005 are as follows: Assumptions
16
annual_report
5030
887
Intangible assets acquired include customer relationships, trademarks, internally developed software and non-compete agreements. The intangibles acquired are made up largely of customer relationships of $38,210,000 being amortized over an estimated life of 14 years, and the remaining assets listed above are being amort...
179
10K
4657
2,586
with the unrealized gains and losses on the fixed income portfolio. This approach mitigates the impacts of general interest rate changes to our overall financial condition.
26
10K
2237
1,238
Gross premiums written for Global Reinsurance increased 48 percent in 2003 compared with 2002. The Global Reinsurance segment has expanded into a multi-line global reinsurer that offers a diversified portfolio of products. This shift has enabled it to take advantage of the improved P&C market. In 2003, significant prod...
118
10K
gb_lloyds_banking_grp-AR_2014
4,895
Enhanced Capital Notes 7.625% Enhanced Capital Notes due 2019 (£151 million) 38 145 8.125% Enhanced Capital Notes due 2019 (£4 million) 4 4 9% Enhanced Capital Notes due 2019 (£97 million) 15 102 7.8673% Enhanced Capital Notes due 2019 (£331 million) 17 333 15% Enhanced Capital Notes due 2019 (£775 million) 936 1,064 1...
93
annual_report
4781
1,399
The Company accounts for Kemper’s subsidiary, FAF, and the Company’s former Unitrin Business Insurance operations as discontinued operations.
18
10K
SwissReAG-AR_2009
771
Information for investors More information on Swiss Re’s shares is available in the Investor Relations section on Swiss Re’s website.
20
annual_report
3574
1,048
The other segment had no earned premiums during 2007, 2006 or 2005. However, due to loss recoveries the other segment generated underwriting gains of $1.3 million, $13.5 million and $2.4 million for the years ended December 31, 2007, 2006 and 2005, respectively.
42
10K
ASRNederlandNV-AR_2013
588
79a.s.r. 2013 annual report Report of the Supervisory Board 5.1.6 Final word from the Supervisory Board
16
annual_report
757
723
D. Segments of Operations AFC operates its property and casualty insurance business in three major segments: nonstandard automobile, specialty lines, and commercial and personal lines. AFC's annuity and life business primarily sells tax-deferred annuities to employees of primary and secondary educational institutions a...
73
10K
HiscoxLtd-AR_2009
722
Fair value for securities quoted in active markets is the bid price exclusive of transaction costs. For instruments where no active market exists, fair value is determined by referring to recent transactions and other valuation factors including the discounted value of expected future cash flows. Fair value changes are...
82
annual_report
AegonNV-AR_2019
8,922
In December 2019, it was decided to establish a globally integrated structure, with a simplification of the operating model which featured regional executive committees and to create a global operational management board (Global Board). Strategic direction and global oversight of business performance is executed by the...
95
annual_report
ch_zurich_insurance_group-AR_2016
3,622
We determined that the assumptions used in the valuation of the significant goodwill, distribution agreements and attorney-in-fact contracts were reasonable.
20
annual_report
NatixisSA-AR_2009
7,888
For the purpose of increasing the capital via the issue of ordinary shares or of any securities giving access to capital, with retention of preferential subscription rights of shareholders €4 billion 26 months 9.30.2008 €3.7 billion
36
annual_report
NatixisSA-AR_2017
8,063
FINANCIAL DATA Parent company financial statements and notes 369Natixis Registration Document 2017
12
annual_report
StorebrandASA-AR_2003
422
Individual pension agreement (IPA) Savings contributions to a retirement pension with either a guaranteed annual return or investment in mutual funds.
21
annual_report
NatixisSA-AR_2006
3,219
The Board has examined the 2006 fi nancial statements presented to it by the Management Board and examined its report on the activities of the Company and the Group over the year, marked by the major event comprising, in November 2006, the contribution to the Company of 12 subsidiaries of Caisse Nationale des Caisses d...
118
annual_report
2729
1,198
Gross premiums written in our commercial lines segment for 2004 were $73.4 million as compared to $59.8 million for 2003, an increase of $13.6 million, or 22.7%. This increase in gross premiums written was primarily attributable to an increase in policy count. Policy count in our commercial lines segment was 26,796 as ...
103
10K
3568
2,277
approving transaction requests and limits for corporate, sovereign and cross-border credit exposures that exceed the delegated authorities;
17
10K
5138
1,565
Results of our long-term care insurance business are influenced primarily by sales, morbidity, mortality, persistency, investment yields, expenses, ability to achieve rate actions, changes in regulations and reinsurance. Additionally, sales of our products are impacted by the relative competitiveness of our offerings b...
90
10K
TrygAS-AR_2011
1,959
Provisions for claims are determined for each line of business based on actuarial methods. Where such business lines encompass more than one business area, short-tail provisions for claims are distributed based on number of claims reported while long-tail provisions for claims are distributed based on premiums earned. ...
146
annual_report
2008
264
During 2002 the relative percentage investment in tax-exempt fixed maturity securities versus taxable fixed maturity securities increased due to the Company taking advantage of the more favorable after-tax yields. At the end of 2002, on a cost basis, investment grade tax-exempt fixed maturity securities represented 30....
60
10K
NatwestGroupPLC-AR_2011
4,252
Net assets of schemes in surplus (included in Prepayments, accrued income and other assets, Note 19) (188) (105) (58) Net liabilities of schemes in deficit 2,239 2,288 2,963 2,051 2,183 2,905
31
annual_report
AssicurazioniGeneraliSpA-AR_2016
4,251
KAG Holding Company Ltd 072 THB 1,911,244,200 G 4 5.99 Generali Asia N.V. 100.00 94.98 94.01 IWF Holding Company Ltd
20
annual_report
fr_axa-AR_2015
593
(or €45 million (7)). This would allow AXA Philippines to offer
11
annual_report
2570
821
A total of 500,000 shares of the Company's common stock have been reserved for issuance under the Employers Mutual Casualty Company 1993 Employee Stock Purchase Plan. Any employee who is employed by Employers Mutual or its subsidiaries on the first day of the month immediately preceding any option period is eligible to...
141
10K
3226
1,292
Net cash provided by financing activities for the year ended December 31, 2005 was $26.6 million and was attributable to $44.3 million in net proceeds provided from the initial public offering partially offset by a $17.7 million reduction in net borrowings.
41
10K
fr_axa-AR_2001
1,168
Zealand (22.6%) and Belgium (20.6%). Sales performance was boosted by the success of separate account
15
annual_report
4703
2,308
The Company has also joined with other investors in capitalizing three AlphaCat ILS funds, which invest in instruments with returns linked to property catastrophe reinsurance, retrocession and insurance linked securities contracts. Two of the three funds are variable interest entities and are consolidated by the Compan...
63
10K
1919
1,201
o In January 2002, Roy Mitte caused the transfer of $1,000,000 from FIC to the Mitte Foundation, in contravention of a promise made by Mr. Mitte to the Compensation Committee of the Board of Directors that no such transfers would be sought or made in 2002; and
47
10K
AegonNV-AR_2018
1,778
Financial conglomerate supervision Since October 2009, Aegon has been subject to supplemental group supervision by the DNB in accordance with the requirements of the EU's Financial Conglomerate Directive.
28
annual_report
325
2,932
Asset Hedging -- To meet the various life policyholder obligations and to - -------------- provide prudent investment risk diversification, the Life segment may combine two or more financial instruments to achieve the investment characteristics that match the associated liability. The use of derivatives in this regard ...
61
10K
4395
1,166
The following table summarizes information about the restricted stock outstanding under the 2010 Restricted Stock Plan at December 31, 2011:
20
10K
gb_prudential-AR_2012
961
v Loans (Audited) Of the total Group loans of £11.8 billion at 31 December 2012, the following are held by shareholder-backed operations.
22
annual_report
3540
819
In June 2006, the FASB issued FASB Interpretation 48, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109 (“FIN 48”). The interpretation clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements in accordance with SFAS 109, Accounting fo...
175
10K
NatwestGroupPLC-AR_2011
5,677
Credit risk - the risk that the Group will incur losses owing to the failure of customers to meet their financial obligations to the Group.
25
annual_report
327
428
The following discussion analyzes significant items affecting the results of operations and the financial condition of the Company. This discussion should be read in conjunction with the accompanying consolidated financial statements and the notes thereto.
35
10K
fr_axa-AR_2003
4,210
(a) Last quarter submitted to the realization of objectives assigned to different entities for the period as of 12/31/1996 to 12/31/2000. (b) Of UAP origin.
25
annual_report
3023
2,859
The following table shows the International segment components of incurred losses and LAE for 2005 and 2004:
17
10K
2236
933
Restrictions. Global Preferred Holdings, Inc. is a holding company with no direct operations, and whose principal assets are the capital stock of its subsidiaries and $4.0 million of cash and invested assets, as of December 31, 2003. Global Preferred Holdings, Inc. relies primarily on funds retained at the holding comp...
166
10K
TrygAS-AR_2005
227
The development in earned premiums was attributable to our continued focus on profitable business. We expect that the revised price structure and the launch of a new customer concept will strengthen our position among private customers in Norway further. The performance reflects a year with an unsatisfactory balance be...
80
annual_report
NatwestGroupPLC-AR_2015
3,447
The PRA issued Policy Statement 17/15 in July 2015 setting out the Pillar 2 capital requirements for UK banks. The changes are intended to support a more risk sensitive and consistent approach to setting Pillar 2A (P2A) capital and to provide greater transparency of the PRA capital setting process by allowing firms to ...
60
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
2,912
This Management’s Report contains forward-looking statements regarding Strategy 3.0, which was published on 28 January 2015. These statements include words such as „assumes”, „will hold”. Such forward-looking statements are exposed to known and unknown types of risk and are subject to uncertainty and other material fac...
128
annual_report
5667
1,373
Although the future degree and impact of the ultimate severity trend remains uncertain due to the long-tailed nature of our business, we have given consideration to observed loss costs in setting our rates. For our HCPL business, this practice had generally resulted in rate reductions as claim frequency declined and re...
97
10K
2054
590
The accompanying consolidated financial statements of Penn Treaty American Corporation and its Subsidiaries (the "Company") have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include Penn Treaty Network America Insurance Company ("PTNA"), American...
102
10K
INGGroepNV-AR_2015
298
Digitalisation and changing customer behaviour Banking in future will be digital. This revolution is already well underway: customers are adopting digital channels en-masse, especially mobile. Nearly 90 percent of our retail customers use digital channels to contact us. And some 70 percent of those use digital channels...
73
annual_report
1943
979
Income tax expense increased $71.8 million, or 39%, primarily due to increased income before taxes. Our effective income tax rate decreased to 31.6% in 2002 from 35.0% in 2001. This 340 basis point decrease in the effective income tax rate is primarily due to the reduction of a deferred tax valuation allowance in 2002 ...
74
10K
HelvetiaHoldingAG-AR_2019
1,417
The table above includes increases in impairment losses on financial assets of CHF 7.5 million (previous year: CHF 15.8 million) as well as impairment loss reversals on financial assets of CHF 1.5 million (previous year: CHF 2.6 million).
38
annual_report
StorebrandASA-AR_2006
1,214
Due from customers and other current receivables 20,21 5 046.5 6 278.0 4 111.4 Financial assets at fair value: - Shares and other equity participations 20,21,25 46 604.0 39 589.1 28 311.3 - Bonds and other fixed-income securities 20,21,26,32,33 50 782.7 57 539.3 51 262.8 - Life insurance assets with investment choice 2...
59
annual_report
5898
907
Loss and loss expenses include both net paid losses and reserve changes for unpaid losses, as well as the associated loss expenses. The majority of the total incurred losses and loss expenses shown above in the three-year highlights table are for the respective current accident years, with reserve development on prior ...
199
10K
4921
1,744
The Company has entered into Life Retro Arrangements as described in Item 8, Note 2, "Significant Accounting Policies - (c) Investments - Investments Related to Life Retrocession Arrangements written on a Funds Withheld Basis and (e) Reinsurance," and Note 3, "Sale of Life Reinsurance Subsidiary," to the Consolidated F...
113
10K
2657
452
Management's Discussion and Analysis of Financial Condition and Results of Operations or, "MD&A," addresses the consolidated financial condition of Pruco Life Insurance Company as of December 31, 2004, compared with December 31, 2003, and its consolidated results of operations for the years ended December 31, 2004 and ...
48
10K
4897
1,387
U.S. Treasury rates and the London Interbank Offered Rate (LIBOR) swap rate. This update reflects the evolution of market hedging practices and is intended to provide more flexibility for hedge accounting purposes. We adopted this guidance in the third quarter of 2013 on a prospective basis for qualifying new or redesi...
81
10K
4685
1,199
During 2013, we entered into a $170 million secured letter of credit facility (the "Lloyd's LOC Facility") pursuant to a Letter of Credit Facility Agreement and Security Agreement (collectively, the "Lloyd's Facility Documents"). The Lloyd's LOC Facility is fully utilized and meets the Funds at Lloyd's requirements for...
130
10K
SwissReAG-AR_2012
3,429
Risks relating to credit rating downgrades Ratings are an important factor in establishing the competitive position of reinsurance companies, and market conditions could increase the risk of downgrade. Third-party rating agencies assess and rate the financial strength of reinsurers and insurers. These...
64
annual_report
RaiffeisenBankInternationalAG-AR_2013
1,146
IAS 28 (Investments in associates and joint ventures; entry into force on January 1, 2014)
15
annual_report
BaloiseHoldingLtd-AR_2007
2,363
Adjustments arising are recognised in profi t or loss. Any scheduled depreciation is halted as of the reclassifi cation date.
20
annual_report