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NatixisSA-AR_2014
9,514
Under certain circumstances, the Board of Directors may (see below the summary table on the fi nancial resolutions submitted to the shareholders): V decide to increase capital with waiving of preferential subscription rights through an offer as set out in Article L.411-2(II) of the French Monetary and Financial Code. T...
110
annual_report
NatixisSA-AR_2018
9,173
ASAHI NVEST INVESTMENT ADVISORY CO, LTD Retail Equity 49 49 49 49 Japan
13
annual_report
5777
2,454
In November 2013, AGL became tax resident in the U.K. although it remains a Bermuda-based company and it's administrative and head office functions continue to be carried on in Bermuda. As a U.K. tax resident company, AGL is required to file a corporation tax return with Her Majesty’s Revenue & Customs. AGL is subject ...
179
10K
fr_axa-AR_1999
699
Competition. The German property and casualty insurance market has been characterized for several years by deregulation and increased competition, leading to premium rate reductions, especially in automobile insurance and in industrial risk insurance products lines. Overall, the market remains highly fragmented.
41
annual_report
NatixisSA-AR_2013
1,145
The number of independent directors on the Natixis Appointments and Compensation Committee is not greater than half the total number of members, as recommended by the AFEP/Medef Corporate Code. It has an egalitarian composition (50% independent, 50% nonindependent ) and the Committee is chaired by an independent direct...
48
annual_report
2463
5,712
Net premiums earned in the year ended December 31, 2003 increased 19% to $320.9 million from $269.4 million for 2002. Net premiums earned in the catastrophe and risk excess segment increased $77.8 million, or 42%, for the year ended December 31, 2003 compared to 2002. Net premiums earned in the exited lines segment exp...
105
10K
926
187
Product Development: Lincoln UK relaunched Financial Foundations, its flagship unit-linked life insurance product with improved features allowing it to be much more competitive in the marketplace. Since its relaunch in mid-1998, sales are 20% ahead of the same period last year, and now represent over 25% of new busines...
88
10K
HelvetiaHoldingAG-AR_2006
1,541
Compared to the previous year, no new bonds were issued or any bonds redeemed.
14
annual_report
3962
1,107
Options to purchase common shares are included in the calculation of diluted earnings per share when their exercise prices are below the average fair value of the common shares for each of the periods presented. For the years ended December 31, 2009, 2008 and 2007, there were approximately 620,000, 532,000, and 136,000...
67
10K
SwissLifeHoldingAG-AR_2015
2,396
Brands and other In October 2014, the acquisition of Corpus Sireo Holding GmbH & Co. KG, Cologne, led to the recognition of the brand “Corpus Sireo” of CHF 20 million and was included in the impairment test.
37
annual_report
5321
1,280
Results of operations impacted by: (i) lower investment yields; (ii) less favorable underwriting; (iii) unfavorable impact from annual reviews of assumptions; (iv) higher net investment income from portfolio growth; and (v) additional items described below.
35
10K
BaloiseHoldingLtd-AR_2006
844
VORABDRUCK pate in the ongoing process of improving products in line with client requirements.”
14
annual_report
PosteItalianeSpA-AR_2018
7,531
12.4 Revenue reserves: other information At 31 December 2018, undistributed earnings total €1,057 million. Other revenue reserves amount to €1,210 million, including the initial reserve of €1000 million provided to BancoPosta RFC on its creation and €210 million in additional capital contributions by Poste Italiane SpA...
46
annual_report
4761
871
Fixed maturities with fair values of approximately $8.7 million and $10.0 million were on deposit with insurance regulators as required by law at December 31, 2013 and 2012, respectively.
29
10K
gb_prudential-AR_2009
563
The balance of the total shareholder loans amounts to £1.4 billion and relates to bridging loan finance managed by Prudential Capital. The bridging loan assets generally have no external credit ratings available, with internal ratings prepared by the Group’s asset management operations as part of the risk management pr...
57
annual_report
RaiffeisenBankInternationalAG-AR_2020
1,927
As a credit institution within the meaning of § 1 of the Austrian Banking Act, RBI AG is subject to regulatory supervision by the Financial Market Authority located at Otto-Wagner-Platz 5, A-1090 Vienna (www.fma.gv.at) and the European Central Bank located at Sonnemannstraße 22, D-60314 Frankfurt am Main (www.bankingsu...
48
annual_report
ch_zurich_insurance_group-AR_2016
180
2 Business operating profit (after-tax) return on shareholders’ equity. Excludes unrealized gains and losses. 3 The Zurich Economic Capital Model (Z-ECM) is an internal measure of capital adequacy. 4 Cumulative net cash remittances to Zurich Insurance Company Ltd, after deducting central costs, in 2017 to 2019.
46
annual_report
4504
1,769
The favorable development in the year ended December 31, 2010 would have been principally on our property, general casualty and workers compensation lines of business, partially offset by unfavorable development on our professional liability and marine & energy lines of business. The favorable development in the year e...
78
10K
5813
1,399
Shares authorized and available for issuance as of December 31, 2020 are as follows:
14
10K
NatwestGroupPLC-AR_2019
1,133
Further information on all the key topics considered by the Committee during the year is provided on the following pages.
20
annual_report
de_allianz-AR_2006
1,775
Interest and similar income 509 416 395 Income from financial assets and liabilities designated at fair value through income (net)1) (60) — — Fee and commission income 190 164 137 Other income 28 — — Income from fully consolidated private equity investments 1,392 598 175
45
annual_report
4020
170
01 There are no reportable disclosures relating to the acquisition or disposition of a significant amount of this Registrant's assets or those of an affiliate.
25
10K
gb_prudential-AR_2010
4,558
A reconciliation of the movement in shareholders’ funds of the Company for the years ended 31 December 2010 and 2009 is given below: Profit for the year note 4 881 913
31
annual_report
4668
1,590
Equity index options are used by the Company primarily to hedge minimum guarantees embedded in certain variable annuity products offered by the Company. To hedge against adverse changes in equity indices, the Company enters into contracts to sell the equity index within a limited time at a contracted price. The contrac...
112
10K
706
425
Property and casualty insurers experienced higher earnings in 1997 due to the relative absence of major catastrophes. Standard & Poor has reported that increased capacity and increased competition are forcing property and casualty insurers to cut prices, particularly in the commercial sector.
42
10K
gb_lloyds_banking_grp-AR_2019
7,057
Liabilities arising from insurance and investment contracts 1,213 1,658 2,370 2,348 2,882 9,028 24,870 104,539 148,908
16
annual_report
AvivaPLC-AR_2019
1,694
We are working hard to meet our strategic priority of delivering great customer outcomes by improving service and product simplicity as well as reducing complaints through root cause analysis work.
30
annual_report
StorebrandASA-AR_2000
650
Translation of foreign subsidiaries The profit and loss accounts of foreign subsidiaries are translated to NOK at the average exchange rates for the year, whilst the balance sheets are translated at the rate ruling at the end of the year. Any translation differences are posted against unrestricted equity.
48
annual_report
AegonNV-AR_2012
992
�� Underlying earnings before tax from Pensions improved to GBP 21 million, mainly driven by the non-recurrence of charges and execution expenses related to a program to correct historical issues within customer policy records recorded in the previous year and the implementation of the cost reduction program. These pos...
98
annual_report
DirectLineInsuranceGroupPLC-AR_2013
547
• Gross written premium broadly stable at £383.4 million reflected rise in direct sales offset by reduced cross sales
19
annual_report
LloydsBankingGroupPLC-AR_2020
741
During the course of 2020, we have also continued to embrace the use of new technologies to improve processes and deliver productivity enhancements, which in turn deliver improved experiences for both customers and colleagues.
34
annual_report
fr_axa-AR_2015
4,236
York insurance law. We cannot predict what, if any, changes may result from these regulatory reviews or the potential impact, if any, of this lawsuit. If the NYDFS or other state insurance regulators were to restrict the use of such captive reinsurers or if AXA US otherwise is unable to continue to use a captive reinsu...
70
annual_report
1774
367
In addition, during 1999 and early 2000, the Company reevaluated its interest-only securities and servicing rights, including the underlying assumptions, in light of loss experience exceeding previous expectations. The principal change in the revised assumptions resulting from this process was an increase in expected f...
126
10K
AegonNV-AR_2016
5,595
United Kingdom �� Aegon Investment Solutions Ltd., Edinburgh; �� Scottish Equitable plc, Edinburgh.
13
annual_report
gb_prudential-AR_2008
1,463
Deferred 2007 annual incentive awardnote 1 2008 40,551 1,204 41,7551,6 31 Dec 10
13
annual_report
LloydsBankingGroupPLC-AR_2016
974
With a grant from the Bank of Scotland Foundation, the charity Fresh Start helps recently homeless people in Edinburgh to rebuild their lives in secure, well-equipped accommodation. Fresh Start is one of thousands of charities supported by our four Foundations and by colleagues who volunteer their expertise to help the...
50
annual_report
4398
733
Deferred acquisition costs related to annuity products, which totaled $87.1 million at December 31, 2011, are amortized over the anticipated lives of the annuity policies in relation to the expense margins. The amortization is a constant percentage of estimated future gross profits based on the ratio of the present val...
332
10K
458
644
Commissions, net of deferrals were $1.6 million for the year ended December 31, 1995 consisting primarily of renewal and trailer commissions of approximately $1.3 million on fixed
27
10K
5123
619
The Company completes a detailed analysis each quarter to assess whether the decline in the value of any investment below its cost basis is deemed other-than-temporary. All securities in an unrealized loss position are reviewed. Absent issuer-specific circumstances that would result in a contrary conclusion, any equity...
96
10K
NatwestGroupPLC-AR_2013
2,511
Character and impact: Dependent on company-specific factors such as maturity profile and composition of sources and uses of funding, the quality and size of the liquid asset buffer as well as broader market factors, such as wholesale market conditions alongside depositor and investor behaviour.
44
annual_report
HannoverRueckSE-AR_2005
992
WPG CDA IV Liquidation Trust, Grand Cayman/Cayman Islands 6) 7) 8) 26.8 USD 1 974 (20)
16
annual_report
5787
1,841
CNA cedes insurance to reinsurers to limit its maximum loss, provide greater diversification of risk, minimize exposures on larger risks and to exit certain lines of business. The ceding of insurance does not discharge the primary liability of CNA. A credit exposure exists with respect to reinsurance ceded to the exten...
157
10K
nl_ing_grp-AR_2016
2,148
Unrealised revaluations property in own use –30 –30 –30 Remeasurement of the net defined benefit asset/liability 35 –254 –254 –35 –289
21
annual_report
de_allianz-AR_2008
819
The financial markets crisis had its root cause in the subprime crisis, when rising defaults on subprime mortgages in the United States resulted in significant deterioration of prices for securitized assets. Primarily, this affected collateralized debt obligations (CDO) and residential mortgagebacked securities, especi...
48
annual_report
PhoenixGroupHoldingsPLC-AR_2020
1,121
Opportunities Produced through efforts to adapt to climate change Internal and
11
annual_report
PosteItalianeSpA-AR_2015
5,599
PART B – INFORMATION ON THE STATEMENT OF FINANCIAL POSITION .......................................................... 380
12
annual_report
gb_prudential-AR_2009
2,710
Contract liabilities (including amounts in respect of contracts classified as investment contracts under IFRS 4) 20,639 27,672 48,311 45,361
19
annual_report
fr_axa-AR_2006
3,180
Impact of transactions with shareholders 221,283 2.29 507 3,906 137 Reserves relating to changes in fair value through shareholders’ equity
20
annual_report
StorebrandASA-AR_2005
228
In addition to this, unfunded public sector pension liabilities are equivalent to approximately NOK 250 billion.
16
annual_report
5317
920
At or contemporaneously with the closing of the Transaction, the Company will cause to be issued the New Senior Notes in an aggregate amount not to exceed approximately $40.0 million pursuant to a Senior Note Indenture (the "New Senior Note Indenture") between the Company as issuer, and the trustee to be later identifi...
99
10K
4422
1,188
Net deferred tax assets were $31.6 million and $47.8 million for the years ended December 31, 2011 and 2010, respectively. At each balance sheet date, we evaluate the recoverability of the deferred tax assets, considering the timing of the reversal of deferred income and expense items as well as the likelihood that we ...
128
10K
NatwestGroupPLC-AR_2017
3,332
Risk measurement RBS uses a comprehensive set of methodologies and techniques to measure traded market risk, namely VaR, SVaR and the incremental risk charge. Risks that are not adequately captured by VaR or SVaR are captured by the Risks not in VaR (RNIV) framework to ensure that RBS is adequately capitalised for mark...
73
annual_report
4335
689
A regular element of our unpaid medical claim liability estimation process is the examination of actual results and, if appropriate, the modification of assumptions and inputs related to the process based upon past experience. Our reserve setting methodologies have taken these changes into consideration when determinin...
68
10K
3992
11,297
Contract benefits (net of reinsurance ceded of $601, $1,099 and $646)
11
10K
AegonNV-AR_2006
4,673
interest in AEGON N.V., a tender offer for AEGON N.V. shares or a proposed business combination by any person or group of persons whether individually or as a group, other than in a transaction approved by the Executive Board and the
41
annual_report
gb_prudential-AR_2006
2,964
If, in subsequent periods, an impaired debt security held on an available-for-sale basis or an impaired loan or receivable recovers in value
22
annual_report
BeazleyPLC-AR_2016
2,291
Present value of funded obligations 48.2 43.1 Fair value of plan assets (42.0) (42.4) Retirement benefit liability in the statement of financial position 6.2 0.7
25
annual_report
RSAInsuranceGroupPLC-AR_2017
1,181
The Committee also confirmed that the planned programme of future reviews provided adequate coverage.
14
annual_report
2633
689
At December 31, 2004, we had 40 fixed maturity and equity securities that have been in an unrealized loss position for one year or longer. Thirty-eight of these securities are investment grade, of which 35 are rated A1/ A or better (including 23 securities which are rated AAA). The three remaining investment grade secu...
121
10K
NatwestGroupPLC-AR_2009
2,160
Average Period end Maximum Minimum Average Period end Maximum Minimum Non-trading VaR (2008 and 2009) £m £m £m £m £m £m £m £m 2007 (scaled to 99%ile) 2007 (95%ile)
29
annual_report
2300
1,398
In most cases, multiple estimation methods will be valid for the particular facts and circumstances of the claim liabilities being evaluated. This will result in a range of reasonable estimates for any particular claim liability. The Company uses such range analyses to back test whether previously established estimates...
99
10K
2524
936
As of December 31, 2004, we have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
44
10K
DirectLineInsuranceGroupPLC-AR_2019
188
Claims related to large weather events totalled £6 million in 2019 compared with £75 million in 2018 and expectations of £65 million for both years. The results also include a £16.9 million charge arising from the change in the Ogden discount rate to minus 0.25%, from the assumed rate of 0% in the first half of 2019 (2...
62
annual_report
4702
1,064
Insurance policy income is comprised of policyholder charges on our interest-sensitive products and premiums earned on traditional insurance policies which provide mortality or morbidity coverage. The decrease in insurance policy income in 2013 is primarily due to a reduction in policyholder charges on certain interest...
86
10K
ScorSE-AR_2018
1,843
(1) The percentage of voting rights is determined on the basis of the number of shares at year-end, excluding the Company’s own treasury shares. (2) BlackRock Inc.’s aggregated number of shares, including BlackRock Fund Advisors, amounted to 15,111,779 representing 7.83% of the capital and 8.22%
45
annual_report
nl_ing_grp-AR_2019
2,857
Europe 1 Based on credit risk measurement contained in lending, pre-settlement, money market and investment activities.
16
annual_report
NatwestGroupPLC-AR_2013
889
The Committee reported to the Board following each meeting on its consideration of the risk profile of the business and made recommendations as appropriate.
24
annual_report
3413
871
Pursuant to the protests, the Group has received $4.3 million in 2007 as a reimbursement of protested payments of retaliatory tax, including accrued interest, previously made by the Group for the periods 1999-2004. The refund has been recorded, after reduction for Federal income tax, in the amount of $2.8 million in th...
79
10K
3551
974
Employees of the Company may participate in the National Interstate Savings and Profit Sharing Plan (the “Savings Plan”). Contributions to the profit sharing portion of the Savings Plan are made at the discretion of the Company and are based on a percentage of employees’ earnings after their eligibility date. Company c...
99
10K
5292
636
Aggregate revenues in 2016 were approximately $46.5 billion, an increase of approximately $10.4 billion (28.7%) over 2015. Pre-tax earnings were approximately $6.2 billion in 2016, an increase of $1.3 billion (26.9%) compared to 2015. Excluding PCC and Duracell, manufacturing revenues were flat and pre-tax earnings dec...
49
10K
5660
1,778
The Company has secured certain reinsurance recoverable balances with various forms of collateral, including secured trusts, funds withheld accounts and irrevocable letters of credit. The Company had $528 million and $451 million of unsecured affiliated reinsurance recoverable balances at December 31, 2019 and 2018, re...
45
10K
RSAInsuranceGroupPLC-AR_2019
2,107
· Underlying Performance: Attritional loss ratio, total controllable costs/cost ratios, key business improvement projects; · Risk and Resilience: Regulatory capital ratios, credit rating, capital actions, risk management; · Business Sustainability: Customer franchise and other relevant actions related to the Company’s ...
47
annual_report
4886
1,227
net assets of $427 million. The amount of restricted assets used to determine any dividend to NMIH, once all restrictions expire, would be computed under SAP which may differ from the amount of restricted assets computed under GAAP. Since inception, NMIC has not paid any dividends to NMIH. As NMIC had a statutory net l...
114
10K
5958
6,176
Allstate’s domestic property and casualty and life insurance subsidiaries prepare their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the insurance department of the applicable state of domicile. Prescribed statutory accounting practices include a variety of pub...
70
10K
SwissReAG-AR_2009
1,069
Robert A. Scott, a British and Australian citizen born in 1942, was educated at Scots College, Wellington, New Zealand. He has been a Senior Associate of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) since 1965 and was made a Commander of the British Empire (CBE) in 2002.
51
annual_report
1969
712
Most of the jurisdictions in which the Company is admitted to transact business require life insurers doing business within the jurisdiction to participate in guaranty associations, which are organized to pay contractual benefits owed pursuant to insurance policies issued by impaired, insolvent or failed life insurers....
146
10K
PosteItalianeSpA-AR_2019
2,299
In relation to discussion activities with local institutions, the Company regularly carries out specific activities of dialogue and collaboration also with Regions and local authorities. These activities are aimed at ensuring, with particular reference to Small Municipalities, the collection of their needs and the coor...
91
annual_report
SwissReAG-AR_1997
944
Facultative reinsurance: Reinsurance of the insurer’s risks on an individual basis.
11
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,574
Bank of Poland. Chairman of the Business Award Jury of the President of the Republic of Poland, Deputy Chairman of the
21
annual_report
PhoenixGroupHoldingsPLC-AR_2012
1,990
A 10% decrease in property prices, with all other variables held constant, would result in a decrease in the profit after tax in respect of a full financial year, and in equity, of £19 million (2011: £43 million).
38
annual_report
SwissReAG-AR_2007
1,432
As of 31 December 2006 and 2007, other accrued expenses and other liabilities included derivative financial instruments with a fair value of CHF 3 167 million and CHF 6 535 million, respectively.
32
annual_report
StandardLifeAberdeenPLC-AR_2017
1,461
 Reviewed the Solvency and Financial Condition Report as part of the Company’s first annual Solvency II reporting
18
annual_report
3763
1,392
Property and equipment consists of land, buildings, leasehold improvements, furniture, fixtures and computer equipment and software. All property and equipment is recorded at cost and, except for land, is depreciated over the appropriate useful life of the asset using the straight-line method. Leasehold improvements ar...
107
10K
gb_lloyds_banking_grp-AR_2009
6,075
Report of the independent auditors on the parent company financial statements 249
12
annual_report
2758
1,578
Short-tail business describes lines of business for which losses are usually known and paid shortly after the loss actually occurs. This would include, for example, most property, personal accident, aviation hull and automobile physical damage policies that are written.
39
10K
2238
4,340
Net loss for the year of $22.5 million, discussed in more detail below
13
10K
13
290
- In February 1993, the Company completed a public offering of $200 million of 8.125 percent senior notes due in 2003. Proceeds from the offering of $195.6 million (after original issue discount and underwriting and other associated costs) were used to redeem all of the Company's outstanding 12.75 percent senior subord...
58
10K
2139
296
For the year ended December 31, 2003, total net premiums were $478.3 million, a decrease of 11.4%, from $540.1 million for 2002.
22
10K
NatixisSA-AR_2016
11,661
This ratio is calculated based on the rules set forth in the Delegated Act, without phase-in
16
annual_report
917
1,434
Total invested assets were $15.1 billion at December 31, 1998 and were comprised of fixed maturities of $14.3 billion and other investments of $823, primarily equity securities. At December 31, 1997, total invested assets were $15.0 billion and were comprised of fixed maturities of $13.5 billion and $1.5 billion in oth...
55
10K
StorebrandASA-AR_2004
297
The Norwegian occupational pensions market, including funded public sector pension schemes, represents around NOK 420 billion of funds under management by life insurance companies and pension funds. Storebrand has a NOK 87 billion share of this market, representing a market share of around 21%. If public sector pension...
68
annual_report
RSAInsuranceGroupPLC-AR_2020
3,083
Current year attritional loss ratios frequency or severity assumptions +5% 135–145 125–135
12
annual_report
AssicurazioniGeneraliSpA-AR_2019
3,457
The components of the income tax expense for 2019 and 2018 are as follow: Income taxes
16
annual_report
fr_axa-AR_2008
1,840
At December 31, At December 31, At January 1, At December 31, (FULL TIME EQUIVALENT) 2006 2007 2008 (a) 2008
20
annual_report
3012
697
In May 2004, Unum Group issued 12.0 million 8.25% adjustable conversion-rate equity security units (units) in a private offering for $300.0 million. We subsequently registered the privately placed securities for resale by the private investors. Each unit has a stated amount of $25 and will initially consist of (a) a co...
74
10K
5069
739
Cash used in financing activities - discontinued operations was $(5.0) million for the year ended December 31, 2015. The primary driver of the cash used in financing activities - discontinued operations was the repayment of debt outstanding.
37
10K
RaiffeisenBankInternationalAG-AR_2008
1,432
Due to the modified IAS 39.50, adopted by the EU in October 2008, non-derivative financial instruments are permitted to be reclassified in rare circumstances from the category held-for-trading to heldto -maturity (until 31 October 2008 also retroactively as of 1 July 2008). Because of the current financial turmoil and ...
75
annual_report
PowszechnyZakladUbezpieczenSA-AR_2012
1,166
2. Develop savings and investment products, in particular long-term saving ones.
11
annual_report
5531
1,265
The Company invests in U.S. corporate bonds, foreign corporate bonds, and Structured Securities, which include RMBS, ABS and CMBS, issued by VIEs. The Company is not obligated to provide any financial or other support to these VIEs, other than the original investment. The Company’s involvement with these entities is li...
181
10K
Sampoplc-AR_2005
1,276
Basic earnings per share Profit or loss attributable to the equity holders of the parent company/continuing operations 949 824 Profit or loss attributable to the equity holders of the parent company/discontinuing operations 0 –7 Weighted average number of shares outstanding during the period 565 558 Basic earnings per ...
65
annual_report