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ch_zurich_insurance_group-AR_2013
1,506
Other currencies Total 100 basis points increase in credit spreads Total impact on Embedded Value (174) (262) (86) (234) (145) (901)
21
annual_report
1518
511
challenges for us. These challenges are exacerbated by our inability to control these trends and the associated risks. To maintain or improve operating margins in the future, we must, among other things, increase patient volumes while controlling the costs of providing services. If we are not able to achieve these impr...
68
10K
GjensidigeForsikringASA-AR_2011
303
saving • Active management – customised investment solutions for institutional customers • The Vekter (Watchman) Funds – combination funds (equity funds and fixed-income funds) adapted to the customer’s investment horizon, savings ability and willingness to take risk
37
annual_report
4796
528
Adopted Accounting Standards-Effective January 1, 2012, the Financial Accounting Standards Board (“FASB”) amended the guidance for deferred acquisition costs and requires that only incremental direct costs of successful contract acquisition be capitalized. These incremental direct costs are those that are essential to ...
43
10K
5944
816
Medicare-External commissionable Approved Submissions were 166,615 for the twelve months ended December 31, 2020, 62,673 for the Successor 2019 Period and 58,003 for the Predecessor 2019 Period. The increase in Medicare-External commissionable Approved Submissions was attributable to our ability to recruit and onboard ...
52
10K
NatixisSA-AR_2016
9,051
Article L.511-45 of the French Monetary and Financial Code and the Ministerial Order of October 6, 2009, require banks to access to banking information.
24
annual_report
5164
963
The establishment of reserves is an inherently uncertain process involving estimates; and current provisions may not be sufficient. Adjustments to reserves, both positive and negative, are reflected in the statement of income and comprehensive income as estimates are updated.
39
10K
1756
443
PICO's equity share of investees' income represents our proportionate share of the net income and other events affecting equity in the investments which we carry under the equity method, less any dividends received from those investments. In 2001, an equity share of investees' loss of $1.3 million was recorded, compare...
92
10K
3461
1,030
The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various states. The tax years that remain subject to examination by major taxing jurisdictions are 2004 through 2006 for federal taxes and 2001 through 2006 for California state taxes.
44
10K
PosteItalianeSpA-AR_2018
5,069
Cash flow hedges in the form of interest rate swaps and forward sales regard instruments classified as FVTOCI, with nominal values of €1,610 million and €1,340 million, respectively.
28
annual_report
5433
1,210
Our regulated subsidiaries are required to maintain minimum capital requirements prescribed by various regulatory authorities in each of the states in which we operate. As of December 31, 2017, our subsidiaries had aggregate statutory capital and surplus of $5,153 million, compared with the required minimum aggregate s...
101
10K
NatwestGroupPLC-AR_2013
5,431
At 1 January - cash 91,658 109,888 102,573 - cash equivalents 41,183 42,767 49,957 132,841 152,655 152,530 Net cash (outflow)/inflow (11,664) (19,814) 125 At 31 December 121,177 132,841 152,655
29
annual_report
NatwestGroupPLC-AR_2016
2,748
at 31 December 2015. Provision coverage was 43% compared with 59% at 31 December 2015, with the reduction largely driven by Ulster Bank RoI and Capital Resolution.
27
annual_report
3097
1,264
Within our Reinsurance segment, we experienced a decrease in our property catastrophe reinsurance reserves for claims and claim expenses principally due to re-estimating the ultimate expected cost for both small and large catastrophes. This was due to a reassessment of our reserves for claims and claim expenses in ligh...
130
10K
AssicurazioniGeneraliSpA-AR_2014
1,838
For a financial asset reclassified from the available-for sale category, the fair value carrying amount at the date of reclassification becomes its new amortised cost and any previous gain or loss on the asset that has been recognised in equity is amortised to profit or 4.3.1 Held to maturity investments
50
annual_report
PosteItalianeSpA-AR_2020
6,064
At 31 December 2020, current tax assets/(liabilities) include: z the asset of €87 million deriving from IRES and IRAP advances paid and the positive effect of the Patent Box tax benefit for the 2017-2019 financial years (€53 million in total, including €38 million relating to the Poste Vita and Poste Assicura companies...
314
annual_report
5375
1,423
Recognition of Revenues and Related Expenses-Revenues for universal life-type policies and investment contracts, including surrender and market value adjustments, costs of insurance, policy administration, GMDB, GLWB and no-lapse guarantee charges, are earned when assessed against policyholder account balances during t...
74
10K
ASRNederlandNV-AR_2014
233
Developments in 2014 Sales volumes of non-life products for private individuals were up thanks to the success of the Vernieuwde Voordeel Pakket (VVP) a private non-life insurance discount product that was introduced in 2013. The pricing of car insurance in the VVP discount package was improved. SMEs were offered better...
81
annual_report
4237
740
Net Income. Net income for the year ended December 31, 2009 decreased by $16,106, or 22.9%, to $54,152 from $70,258 for the comparable 2008 period. This decrease was primarily due to the factors discussed above.
35
10K
1114
153
Membership benefit costs vary depending on the type of Membership. Closed panel plans provide the Membership benefits through a designated provider attorney with whom the Company has arranged for the services to be provided in a particular geographic area. Provider attorneys receive a fixed monthly payment for each mem...
148
10K
NatwestGroupPLC-AR_2018
232
• Our positive action approach is helping us to improve the balance of women in senior roles.
17
annual_report
SwissLifeHoldingAG-AR_2007
440
At the turn of the century the design was framed by a border of various coats of arms for the first time. This stylistic component was used at home and abroad in the brochures of that time. The Canton of Zurich’s coat of arms was always located at the top.
50
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
3,048
Statutory surplus Surplus recorded in the balance sheet of US insurance companies on the basis of the statutory accounting regulations used by US state supervisory authorities.
26
annual_report
GjensidigeForsikringASA-AR_2017
869
The customer dividend model promotes loyalty The unique arrangement whereby our customers receive customer dividend from Gjensidige’s biggest owner, the Gjensidige Foundation, contributes to both loyalty and our attractiveness. Every year since the Company was listed on the stock exchange, Gjensidige has paid customer ...
49
annual_report
nl_ing_grp-AR_2017
470
Retaining our full focus on customers while running so many programmes simultaneously is challenging and requires transparency, discipline and a willingness to make hard choices. Prioritising what is best for the bank, rather than for a specific business unit or country, can involve trade-offs in terms of local priorit...
51
annual_report
BaloiseHoldingLtd-AR_2003
1,011
Receivables arising out of insurance operations and other receivables are recognized and stated at amortized cost. This generally corresponds to the nominal value of the amount receivable. Permanent diminutions in value (impairment losses) are charged directly to the income statement.
40
annual_report
PosteItalianeSpA-AR_2020
4,452
102-55 GRI content index Report on Operations: GRI-Standards Content Index (p.356-364)
11
annual_report
4101
1,021
Within our fixed maturity securities, we maintain portfolios classified as “available-for-sale” and “trading”. We purchase our investments with the intent to hold to maturity by purchasing investments that match future cash flow needs. However, we may sell any of our investments to maintain proper matching of assets an...
79
10K
5854
743
Homeowners and Commercial All Risk lines as we entered into new ceding arrangements on these lines which increased the percentage of premiums we retained.
24
10K
1963
1,215
The components of long-term debt as of December 31, 2002 and 2001, were as follows (in millions):
17
10K
HiscoxLtd-AR_2017
475
Investment risk also encompasses the risk of default of investment counterparties, who are primarily the issuers of bonds in which we invest.
22
annual_report
5575
1,146
The Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. The Company has outstanding notional amounts of $1 million and $2 million reported at fair value as a liability of $0 million and $0.1 million as of December 31, 2018 a...
54
10K
2129
4,612
Basic EPS is computed based on the weighted average number of common shares outstanding. Diluted EPS is computed based on the weighted average number of common shares outstanding adjusted by the number of additional common shares that would have been outstanding had the potentially dilutive common shares been issued an...
95
10K
4424
1,464
For 2011, 2010 and 2009, the financial impact for each component has been recalculated on a year-to-date basis, such that the sum of the individual quarterly impacts within each respective year will not equal the recalculated impacts. For example, the impact from a loan that defaults in one quarter that then cures in t...
79
10K
3549
3,617
course of the litigation, certain trial courts have granted motions dismissing claims against MLIC, while other trial courts have denied MLIC’s motions to dismiss. There can be no assurance that MLIC will receive favorable decisions on motions in the future. While most cases brought to date have settled, MLIC intends t...
66
10K
NatixisSA-AR_2011
1,670
Populaire du Quercy et de l’Agenais in 1997, then Chief Executive Offi cer of Banque Populaire de Franche-Comté, du
19
annual_report
AegonNV-AR_2005
2,656
Share dividend 2004 received 3,821,645 — — Sale of shares, offering price of EUR 9.847 per share (3,821,645) — — Interim share dividend 2005 received 3,439,481 — — Exercise option right preferred B shares — — 6,950,000 Sale of shares, offering price of EUR 1 1.45 per share (3,439,481) — —
51
annual_report
DirectLineInsuranceGroupPLC-AR_2013
134
Managing finances We seek to ensure that our business is well governed and controlled. We aim to manage our finances carefully by spending money on items that add the most value to our customers, balancing this with the need to generate a suitable and sustainable return to our shareholders.
49
annual_report
738
392
Estimated Fair Value -------------------- The carrying values and estimated fair values of certain of the Company's financial instruments at December 31, 1997 and 1996 were as follows:
27
10K
5688
2,603
Book value per diluted common share (ratio of common shareholders’ equity to total common shares outstanding and dilutive potential common shares outstanding) was $73.12 as of December 31, 2019, an increase of 27.03% from $57.56 as of December 31, 2018.
40
10K
INGGroepNV-AR_2001
511
ING as a company with innovative approaches and solutions to financial services. As economic insecurity increases, people are looking for trust. In these times it is therefore essential to invest in a strong corporate brand and to make it trustworthy. The implementation of the branding and repositioning plans is closel...
95
annual_report
RaiffeisenBankInternationalAG-AR_2019
2,093
Positive fair values of derivatives in micro cash flow hedge 5,120 2,347
12
annual_report
AvivaPLC-AR_2014
240
Kheng and his family. But because Mr Yeo had a life insurance policy with us we could help and reassure him and his family at an awful time.
28
annual_report
NatixisSA-AR_2018
5,250
Cash flow on assets and liabilities held for sale (d) (350) (1)
12
annual_report
LloydsBankingGroupPLC-AR_2005
1,072
Liabilities of the Group’s With-Profits Fund, including guarantees and options embedded within products written by that fund, are stated at their realistic values in accordance with the Financial Services Authority’s realistic capital regime.
33
annual_report
gb_prudential-AR_2004
852
2. In respect of awards made in 2002 under the Restricted Share Plan, the Company's TSR was ranked at 89th percentile at the end of the three-year performance period on 31 December 2004. As Prudential’s position was lower than 60th percentile, the 2002 awards lapsed and rights will not be granted over any of the shares...
61
annual_report
4173
1,203
On August 13, 2008, the Company settled a qui tam litigation relating to certain marketing practices of its former Illinois health plan for a cash payment of $225,000 without any admission of wrong-doing by the Company, its subsidiaries or affiliates. The Company also paid approximately $9,205 to the relator for legal ...
181
10K
4730
1,785
While the vast majority of the Company's municipal bonds and corporate bonds are included in Level 2, the Company holds a number of municipal bonds and corporate bonds which are not valued by the pricing service and estimates the fair value of these bonds using an internal pricing matrix with some unobservable inputs t...
202
10K
gb_prudential-AR_2016
1,192
Other appointments Nic is the Chairman of the European Insurance CFO Forum.
12
annual_report
NatwestGroupPLC-AR_2016
9,324
Scheme following new actuarial valuations would trigger the recognition of a significant additional liability on the Group’s balance sheet and/or an increase in any pension surplus derecognised, which in turn could have a material adverse effect on the Group’s results of operations, financial position and prospects.
46
annual_report
5147
1,218
Based upon the information and assumptions used as of December 31, 2015, we estimate that a 10% immediate unfavorable change in each of the foreign currency exchange rates to which we are exposed would decrease the value of our foreign currency denominated instruments by $278 million, compared with an estimated $235 mi...
94
10K
5488
691
(5) Includes favorable prior accident year loss reserve development of ($20.6) million from Super Storm Sandy in 2012 and various other smaller amounts primarily from non-catastrophe property lines of business in recent accident years.
34
10K
AegonNV-AR_2019
2,724
(CAL) RBC as the SCR equivalent. Aegon received approval from the DNB to apply a revised methodology, as of July 1, 2017, that includes lowering the conversion factor from 250% to 150%
32
annual_report
SwissLifeHoldingAG-AR_2010
811
Total net comprehensive income attributable to equity holders of Swiss Life Holding 261 661 non-controlling interests –4 2
18
annual_report
1958
779
The Company has an agreement with an outside party wherein the Company is provided computer data processing services and related functions. The contract expires in 2010, but the Company may cancel this agreement effective August 2004 or later upon payment of applicable cancellation charges. The aggregate noncancelable ...
71
10K
2575
232
Amount of benefits owed and payment periods are dependent upon a number of factors, among them the life expectancies of the participants. In December 2004, the Compensation Committee of our Board of Directors, as allowed by certain provisions of the Supplemental Executive Retirement Plan, suspended payments under the p...
58
10K
NatixisSA-AR_2017
9,818
Resolution seventeen asks the General Shareholders’ Meeting to renew, for a period of 18 months, the authorization to buy back shares allocated to the Board of Directors.
27
annual_report
2335
1,031
See Note 7 to the consolidated financial statements for information regarding contingencies.
12
10K
ch_zurich_insurance_group-AR_2015
102
Outlook The global economic outlook remains challenging. We have accelerated a program to increase efficiencies, and aim to exceed the previously communicated cost savings target for 2016 of USD 300 million. We are also on our way to achieving group-wide annual run-rate cost savings of more than USD 1 billion by the en...
55
annual_report
TrygAS-AR_2003
141
We want to be perceived as the Nordic region’s most profitable provider of peace of mind on the markets and within the business areas chosen by us.
27
annual_report
4950
607
Gross premiums earned for the period ended December 31, 2012 were $5.7 million and primarily related to our December 2012 assumption transaction with Citizens.
24
10K
3379
2,498
Certain lines of business and transactions previously reported under the Financial Lines segment which formed part of the Company’s financial operations, have been reclassified and reported under property and casualty operations based on the nature of the underlying business.
39
10K
5322
1,032
The qualified pension plans are noncontributory. The plans provide benefits for salaried and management employees and corporate clerical employees subject to a collective bargaining agreement based on years of service and employee compensation. The non-qualified pension plans cover key employees and restore benefits th...
55
10K
5331
1,070
Watford Re, and our financial exposure to Watford Re is limited to our investment in Watford Re’s common and preferred shares and counterparty credit risk (mitigated by collateral) arising from the reinsurance transactions.
33
10K
4612
1,607
items. Excluding non-recurring tax benefits (discussed below), revenue-based state taxes and certain items that arose in connection with the 338(h)(10) election, the effective tax rate was 41.1% in 2012, compared with 44.0% in 2011, with permanent items of $1.2 million contributing 11.9% to the rate in 2011.
47
10K
StandardLifeAberdeenPLC-AR_2011
1,314
Analysed as follows: Capital not subject to constraints - - 1,637 1,637 375 2,012 850 2,862
16
annual_report
5671
2,517
This reserve class includes property, terrorism, accident and health, and discontinued lines - Novae.
14
10K
NatixisSA-AR_2003
411
Director: Banque Fédérale des Banques Populaires, Coface, Cofibred, LFI, BRED Cofilease, Bercy Gestion Finances + Vice-Chairman: Banque Internationale de Commerce (BIC BRED) Permanent representative of BRED Gestion on the Board of: Vialink
32
annual_report
3239
944
Lower sales through Mullin TBG reflected the addition of two large COLI cases in the prior year.
17
10K
946
312
II. Condensed Financial Information of Registrant . . . . . . . . . . . . . . . . . . . . . . . . . 73
32
10K
NatixisSA-AR_2006
4,833
Natixis has issued perpetual and fi xed-term subordinated notes, which in the event of the issuer’s liquidation rank behind all other creditors. Where perpetual subordinated loan notes are treated as equivalent to debt repayable in installments, each period payment is broken down between the repayment of principal, whi...
64
annual_report
Sampoplc-AR_2003
1,237
Gross Releases and Gross Releases and Gross Releases and Gross Releases and EUR m amount recoveries amount recoveries amount recoveries amount recoveries 18 Provisions for bad and doubtful debts plus write-offs in respect of debt securities held as fi nancial fi xed assets Provisions for bad and doubtful debts
49
annual_report
StandardLifeAberdeenPLC-AR_2013
780
Report from the Chairman of the Audit Committee “The Board draws on the advice of the Audit Committee to support its effective governance over internal and external financial reporting. As Chairman of the Audit Committee I have had regular meetings with the Chief Financial Officer (and the Chief Executive, following th...
189
annual_report
PosteItalianeSpA-AR_2020
8,754
For the purposes of oversight of the unbundled accounts, in 2020, the Board of Statutory Auditors conducted the relevant audit activities during 2 meetings, reporting its conclusions in its annual report to shareholders for the year ended 31 December 2020.
40
annual_report
4103
725
Capital resources. We consider our capital resources to be adequate, and we currently have no plans to seek any debt or equity funding in 2010. Other than scheduled maturities of debt, operating lease payments and anticipated claims payments, we have no material commitments. Total debt and stockholders’ equity were $83...
147
10K
gb_prudential-AR_2007
1,561
Intangible assets attributable to PAC with-profits fund: In respect of acquired subsidiaries for venture fund and other investment purposes H2(a) 192 830 Deferred acquisition costs H2(b) 19 31
28
annual_report
984
570
Long-term Debt and Company-Obligated Mandatorily Redeemable Preferred Securities: Fair values for long-term debt and company-obligated mandatorily redeemable preferred securities were obtained from independent pricing services.
25
10K
StandardLifeAberdeenPLC-AR_2016
1,320
Having considered compliance with our policy and the fees paid to PwC, the Committee is satisfied that PwC has remained independent.
21
annual_report
NatwestGroupPLC-AR_2008
3,240
Debt securities and equity shares 429,622 293,879 347,682 146,246 135,804 104,741
11
annual_report
TrygAS-AR_2003
380
The Tryg Vesta Group wishes to be an inclusive workplace with room for everyone. The Group believes in appreciating and benefiting from differences such as age, sex, ethnic background, nationality, religion and personality.
33
annual_report
GjensidigeForsikringASA-AR_2018
138
During the year, the division has optimised its use of resources, defined focus areas and consolidated its position in the market. Models based on analytics have been further developed to ensure continued efficient distribution, a high activity level and good customer service. Product and tariff developments have been ...
97
annual_report
HannoverRueckSE-AR_2003
282
Policy benefits for life and health contracts – – – 4 001 148 4 136 701 4 136 701
19
annual_report
INGGroepNV-AR_2016
5,202
Credit risk portfolio ING Bank’s credit exposure is mainly related to traditional lending to individuals and businesses followed by investments in bonds and securitised assets. Loans to individuals are mainly mortgage loans secured by residential property. Loans (including guarantees issued) to businesses are often col...
129
annual_report
5493
3,457
The changes in estimated fair values of the hedging derivatives are exclusive of any accruals that are separately reported on the statement of operations within interest income or interest expense to match the location of the hedged item. Accruals on derivatives in net investment hedges are recognized in OCI.
49
10K
PosteItalianeSpA-AR_2019
9,350
Statutory Auditors has taken note, at group anti-money laundering level, of a progressive increase in the sensitivity and quality of reports of suspicious transactions spontaneously submitted by the distribution network: in fact, with a lower number of reports submitted, there is a higher percentage of reports deemed t...
55
annual_report
NatixisSA-AR_2018
5,108
Gains and losses recognized directly in other comprehensive income (after income tax) 277 (728)
14
annual_report
2415
996
Annuity revenue increased $12.1 million, or 6%, in 2004 over 2003, primarily due to higher investment earnings from improved spreads and fees from increased fee-based funds on deposit.
28
10K
NatwestGroupPLC-AR_2016
5,547
We evaluated how the discount rates and long term growth rates used by management compared to peer practice. We also tested how previous management forecasts compared to actual results to evaluate the accuracy of the forecasting process.
37
annual_report
5042
786
MBIA Corp.’s CPR and components thereto, as of December 31, 2015 and 2014 are presented in the following table:
19
10K
SwissReAG-AR_1976
110
Premiums in Atomic reinsurance only showed slight growth, increasing opposition from sections of the public to nuclear power stations is delaying the realization of building projects. The sums insured per nuclear power station are substantial when viewed against the small number of such plants and the correspondingly m...
50
annual_report
5638
1,404
Alternative investments - The Company has $80.5 million of unfunded capital commitments related to alternative investments. These commitments were excluded from this disclosure due to the undetermined timing of their cash flows.
32
10K
StorebrandASA-AR_2002
1,040
The terms of employment for Idar Kreutzer, Managing Director of Storebrand ASA, provide a guarantee of 24 months' salary following the expiry of the normal notice period. All forms of work-related income from other sources, including consultancy assignments, will be deducted from such payments. Kreutzer is entitled to ...
75
annual_report
ScorSE-AR_2009
3,415
In our opinion, the financial statements give a true and fair view of the assets; liabilities, financial position and result of the company at 31 December 2009, in accordance with the accounting rules and principles applicable in France.
38
annual_report
LloydsBankingGroupPLC-AR_2017
80
Delivering sustainable growth When we outlined our strategic vision in October 2014, we targeted sustainable growth in line with our low risk appetite, committing to grow in areas where we were under-represented. We have increased net lending to SME clients by £3 billion since 2014, significantly ahead of the market, w...
119
annual_report
77
561
The Company and its subsidiaries are principally engaged in the sale and underwriting of individual life and health insurance, group insurance and accumulation products. Total revenues by segment reflect sales to unaffiliated customers. Operating earnings (loss) equal total revenues less operating expenses.
42
10K
NatwestGroupPLC-AR_2011
1,521
Attendees: at least two executives of the division, as appropriate. Representatives from finance, risk, internal audit and external audit.
19
annual_report
CNPAssurancesSA-AR_2009
4,771
Voting rights at 30 March 2009 (7 April 2009) Voting rights at 30 April 2009 (7 May 2009)
18
annual_report
4394
1,417
Under the T-3 contract for the TRICARE North Region, we provide various types of administrative services, including: provider network management, referral management, medical management, disease management, enrollment, customer service, clinical support service, and claims processing. We also provide assistance in the ...
80
10K
3354
790
o An inability to meet and/or maintain the covenants in our Second Amended Credit Facility.
15
10K
SwissReAG-AR_2012
3,090
Income statement Net income for 2012 amounted to CHF 2 718 million (2011: CHF 19 million) and was mostly driven by cash dividends from subsidiaries and affiliated companies of CHF 3 836 million, partially offset by a valuation adjustment to the investment in Swiss Re Life Capital Ltd of CHF 1 150 millio...
129
annual_report