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RaiffeisenBankInternationalAG-AR_2015
2,098
In the table below the retail maximum credit exposure by products is shown: in € thousand 2015 Share 2014 Share
20
annual_report
GjensidigeForsikringASA-AR_2019
2,339
Bonds and other fixed-income securities Net interest income/(expenses) from bonds and other fixed-income-securities 271.8 200.7 Unrealised gains/(losses) from bonds and other fixed-income securities 344.1 13.8 Net realised gains/(losses) from bonds and other fixed-income securities 163.9 85.5 Total net income and gains...
49
annual_report
4129
904
1 Refer to the Glossary of Terms attached to this Form 10-K as Exhibit 99.1 for definitions of terms used in this financial review.
24
10K
INGGroepNV-AR_2013
4,446
Exposure classes ING bank portfolio per risk category, as % of total EAD
13
annual_report
4282
874
The slight decrease in premiums for 2010 compared to 2009 was primarily due to a decrease in individual disability premiums and a few large case terminations in our group insurance businesses during 2009. The decrease in individual disability premiums for 2010 was primarily related to a single premium of approximately ...
91
10K
SwissLifeHoldingAG-AR_2010
561
Value of new business before new business strain 71 150 50 61 333
13
annual_report
TopdanmarkAS-AR_2015
939
Extra costs due to a permanent change in disability risk will be partially covered by individual and collective bonus potential. The remainder affects profit / loss for the year and consequently shareholders' equity.
33
annual_report
NatixisSA-AR_2008
1,486
In 2008, targeted actions were carried out to implement the development strategy of Natixis Global Associates. In the United
19
annual_report
ch_zurich_insurance_group-AR_2016
2,641
The Group also has fair value hedge relationships consisting of cross currency swaps, forex swaps and forwards to protect the Group from foreign currency fluctuation of certain fixed income securities and hybrid equity securities denominated in a currency other than the functional currency of the reporting entity.
47
annual_report
4566
323
Premium revenues for The National Security Group's two operating segments (Life segment, Property and Casualty segment) are summarized as follows (amounts in thousands):
23
10K
2121
10,098
On December 31, 2002, AFG transferred to Infinity Property and Casualty Corporation ("Infinity", a newly formed subsidiary) subsidiaries involved primarily in the issuance of nonstandard auto policies. Effective January 1, 2003, GAI transferred to Infinity its personal insurance business written through independent age...
127
10K
4954
1,646
Net income is the most directly comparable GAAP measure to adjusted operating income. Net income for any period presents the results of our insurance operations, as well as our net realized gains (losses). We consider investment income generated by our invested assets to be part of the results of our insurance operatio...
125
10K
4116
923
The determination of the amount of allowances and impairments, as applicable, is described previously by investment type. The determination of such allowances and impairments is highly subjective and is based upon the Company’s periodic evaluation and assessment of known and inherent risks associated with the respectiv...
62
10K
3446
1,559
(3) Reinsurance segment gross premiums written excludes $37.4 million, $66.9 million and $45.3 million of premiums assumed from the Individual Risk segment in 2007, 2006 and 2005, respectively.
28
10K
AvivaPLC-AR_2008
3,111
(note 29d) – – – – 50 50 Shares issued under equity compensation plans (note 35) – – – – (34) (34) Foreign exchange rate movements 760 – – (141) – 619 Aggregate tax effect – shareholders’ tax – – 73 – – 73
44
annual_report
StandardLifeAberdeenPLC-AR_2016
2,230
Determination of the fair value of private equity investments, debt securities categorised as level 3 in the fair value hierarchy and over-the-counter derivatives
23
annual_report
4613
2,466
In late 2009, AGM and AGUS, among other defendants, were named in six additional non-class action cases filed in federal court, which also have been coordinated and consolidated for pretrial proceedings with MDL 1950: (f) City of Riverside, California v. Bank of America, N.A.; (g) Sacramento Municipal Utility District ...
98
10K
4629
2,765
Total net paid losses were $3.8 billion, $3.8 billion and $3.5 billion in 2012, 2011 and 2010, respectively.
18
10K
505
467
In November 1995, the FASB issued "A Guide to Implementation of Statement 115 on Accounting for Certain Investments in Debt and Equity Securities," which provided a one-time opportunity to reassess the appropriateness of the classifications of securities described in FAS 115, and to reclassify fixed maturities from the...
212
10K
fr_axa-AR_2015
5,788
An analysis of goodwill by cash generating unit is presented in the table below: (in Euro million)
17
annual_report
3242
744
We adopted SFAS No. 123 (revised 2004), Share-Based Payment, or SFAS 123R, on January 1, 2006. We have adjusted prior period amounts to reflect the effect of expensing stock awards under the modified retrospective application method of SFAS 123R as discussed in Note 11.
44
10K
HannoverRueckSE-AR_2003
11
On the need to apply the "as-if-pooling" method under US GAAP cf. p.16 et seq.
15
annual_report
3730
1,325
- CONTRACTHOLDER FUNDS: Derivatives embedded in certain annuity contracts are valued based on internal models that rely on inputs such as interest rate yield curves and equity index volatility assumptions that are market
33
10K
NatwestGroupPLC-AR_2007
3,816
These securities entitle the holders to interest which may be deferred at the sole discretion of the company. Repayment of the securities is at the sole discretion of the company on giving between 30 and 60 days notice.
38
annual_report
5668
3,028
During 2019 and 2018, we established $54 million and $120 million, respectively, of additional statutory reserves resulting from updates to our universal and term universal life insurance products with secondary guarantees in our Virginia and Delaware licensed life insurance subsidiaries.
40
10K
gb_prudential-AR_2014
2,840
alan ce sh eet n o tes 169 Prudential plc Annual Report 2014
13
annual_report
ch_zurich_insurance_group-AR_2015
1,495
The Group uses Z-ECM to assess the economic capital consumption of its business on a one-balance-sheet approach. Z-ECM is an integral part of how the Group is managed. It is embedded in the Group’s organization and decisionmaking processes, and is used in capital allocation, business performance management, pricing, re...
107
annual_report
4393
1,018
In connection with our Missouri health plan as described above, we recorded a non-cash impairment charge of $58.5 million in 2011. Because the existing contract expires without renewal on June 30, 2012, the impairment charge comprised all of the goodwill recorded at the time of our acquisition of the Missouri health pl...
79
10K
HannoverRueckSE-AR_2006
65
It is our stated dividend policy to distribute 35 to 40 percent of net income; in view of our highly gratifying business performance, we shall join with the Supervisory Board in proposing to the Annual General Meeting that a dividend of EUR 1.60 per share be paid.
47
annual_report
3288
1,213
•have certain rights to request that our U.K. subsidiary advance an amount equal to an actuarially determined winding-up deficit. As of December 31, 2006, the estimated winding-up deficit was £300 million ($595 million at December 31, 2007 exchange rates).
39
10K
4798
739
The overall general insurance claims ratio shows reasonably consistent trends for the past three years. To a large extent, this major cost factor reflects pricing and risk selection improvements that have been applied since 2001, together with elements of reduced loss severity and frequency. Claims ratios in 2012 were ...
86
10K
Sampoplc-AR_2015
270
During 2015, Mandatum Life’s corporate responsibility work mainly focused on fostering responsible investment practices. In responsible investing, the major role of investors in solving environmental challenges, such as global warming, was a key theme.
34
annual_report
NatixisSA-AR_2008
4,663
following terms: At its Meeting of March 6, 2009, the Supervisory Board noted the resignations of Mr. Bernard Comolet and Mr. Bruno Mettling from the Supervisory Board and of Mr. Philippe Dupont from the
34
annual_report
NatwestGroupPLC-AR_2017
6,394
In August 2017, the Bank of England published a consultation paper setting out its preliminary views on the valuation capabilities that firms should have in place prior to resolution. The Bank of England has not yet published a final statement of policy in this area.
45
annual_report
1698
692
As part of the acquisition of Southern Security, the Company has a co-insurance agreement with The Mega Life and Health Insurance Company ("MEGA"). On December 31, 1992 Southern Security ceded to MEGA 18% of all universal life policies in force at that date. MEGA is entitled to 18% of all future premiums, claims, polic...
110
10K
2153
477
The Company also increased the liability for unpaid loss and loss adjustment expenses on the Commercial Automobile Excess Liability Insurance ("Excess Liability") product sold to rental car companies (Commercial Lines Underwriting Segment) primarily for the 2000 and 2001 accident years by $6.9 million ($4.9 million net...
203
10K
INGGroepNV-AR_2002
866
The year 2002 also saw the establishment of several regional shared service centres to improve synergy and lower the cost base.
21
annual_report
909
403
Medical malpractice and other property and casualty loss and loss adjustment expense (LAE) reserves are established based on known facts and interpretation of circumstances, including the Company's experience with similar cases and historical trends involving claim payment patterns, loss payments and pending levels of ...
163
10K
3152
1,071
Retirement segment results for 2006 improved slightly in comparison to the prior year primarily reflecting lower acquisition-related transition expenses, higher investment results in our institutional investment products business due principally from a larger base of invested assets and increased fees due to higher ful...
95
10K
fr_axa-AR_2019
6,461
(a) Includes changes in the scope of consolidation and the impact of changes in exchange rates.
16
annual_report
HannoverRueckSE-AR_2001
24
The performance of our company's share in the period until early September can be described as relatively satisfactory. Only as it became caught up in the wake of 11 September did the share lose value on a massive scale, falling to EUR 38.51 on 21 September – its lowest point since mid–1997. Although it had recovered s...
149
annual_report
5931
922
In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to certain contract modifications and hedging relationships ...
149
10K
DirectLineInsuranceGroupPLC-AR_2020
4,037
This represents all assets managed or administered by or on behalf of the Group, including those assets managed by third parties.
21
annual_report
3918
825
In first quarter 2006, Gallagher contributed $4.3 million to the plan through the issuance of 148,000 shares of Gallagher’s common stock. The Gallagher common stock that is issued under the plan to the rabbi trust is valued at historical cost (fair market value at the date of grant). The unearned deferred compensation ...
245
10K
2476
840
Interest and other expense. Interest and other expense decreased $0.8 million, or 22.2%, to $2.8 million in 2004 compared with $3.6 million in 2003. The decrease was due to lower average borrowings under our bank line of credit offset, in part, by a $1.1 million write-off of leasehold improvements and furniture and fix...
60
10K
3815
2,048
The Company offers certain variable annuity products with a guaranteed minimum withdrawal benefit (“GMWB”) rider in the U.S., Japan and the U.K. The Company also offers a guaranteed minimum accumulation benefit (“GMAB”) with a variable annuity product offered in Japan. As of December 31, 2008 and December 31, 2007, the...
174
10K
gb_prudential-AR_2005
2,984
(2004: 26 per cent) of VA funds were in fixed accounts.
11
annual_report
4178
1,896
As of December 31, 2010 and 2009, the Company’s other investments in associates, individually and in the aggregate, were not material to the Company’s operations.
25
10K
4098
2,602
Effective January 1, 2009, the Company implemented fair value measurements guidance for certain nonfinancial assets and liabilities that are recorded at fair value on a non-recurring basis. This guidance applies to such items as: (i) nonfinancial assets and nonfinancial liabilities initially measured at estimated fair ...
80
10K
5021
1,452
As noted in the tables above, total gains and losses included in shareholders' net income are reflected in the following captions in the Consolidated Statements of Income:
27
10K
5886
334
Some of our investments are relatively illiquid and may be difficult to sell.
13
10K
AvivaPLC-AR_2020
391
Ireland Life Our core lines of business in Ireland are pre and post-retirement unitlinked contracts, unit-linked savings & investment contracts, in addition to protection and annuity contracts.
27
annual_report
AegonNV-AR_2015
4,672
Aegon UK), and local regulatory solvency measurements for non-EU entities. Specifically, for the IGD ratio, required capital for the life insurance companies in the US was calculated as two times the upper end of the Company Action Level range (200%) as applied by the National Association of Insurance Commissioners in ...
70
annual_report
5138
1,736
Net deposits and sales increased during 2014 primarily from higher sales of our new indexed universal life insurance product and our linked-benefits product consistent with our focus on reducing term life insurance products with higher capital requirements in favor of a broader portfolio of competitive universal life i...
73
10K
2063
416
Our operations are also affected over the longer term by demographic shifts, global markets, technological innovation and overall capital market volatility. These forces impact us in various ways such as demand for our insurance products and advertising revenues, competition from other financial services providers, com...
77
10K
4050
361
The property and casualty insurance industry is characterized by periods of soft market conditions, in which premium rates are stable or falling and insurance is readily available, and by periods of hard market conditions, in which premium rates rise, coverage may be more difficult to find, and insurers’ profits increa...
169
10K
AvivaPLC-AR_2009
1,706
Other Benefits £19,000 cash car allowance Mr Moss receives 2% of basic salary as a non-pensionable cash 2% basic salary cash supplement provided in consideration of his surrendering his Unapproved supplement Unfunded Retirement Benefit (UURB) promise at the point when accrual in PMI the ASPS ceased.
46
annual_report
3165
3,976
The cost of care being utilized is also based on the Company’s historical experience. In general, a significant portion of the Company’s older polices reimburse claimants that are receiving care in a facility on an indemnity basis, meaning that the Company pays 100% of the maximum daily benefit regardless of the cost o...
111
10K
AvivaPLC-AR_2013
1,199
Remuneration reward review Our remuneration policy report reflects our reward framework as we will apply it for senior executive remuneration in 2014.
22
annual_report
RSAInsuranceGroupPLC-AR_2008
549
years thereafter. Johanna Waterous will therefore be proposed for reappointment at the forthcoming AGM and the directors proposed for re-election are Andy Haste and John Napier. The Company may (by ordinary resolution of which special notice has been given) remove any director before the expiration of his period of off...
50
annual_report
LloydsBankingGroupPLC-AR_2011
2,822
Employees are kept closely involved in major changes affecting them through such measures as team meetings, briefings, internal communications and opinion surveys. There are well established procedures, including regular meetings with recognised unions, to ensure that the views of employees are taken into account in re...
47
annual_report
LloydsBankingGroupPLC-AR_2020
2,840
Historical TSR Performance Growth in the value of a hypothetical £100 holding since 31 December 2010 (to 31 December 2020)
20
annual_report
5003
1,306
As of December 31, 2014, the majority of the international and structured finance insurance segment’s case basis reserves and insurance loss recoveries recorded in accordance with GAAP were related to insured second and first-lien RMBS transactions. These reserves and recoveries do not include estimates for policies in...
148
10K
5666
1,395
Estimated gross profits are composed of earned premium, interest income, losses and LAE. Estimates of expected gross profit, including the Persistency Rate and loss development assumptions for each underwriting year used as a basis for amortization, are evaluated quarterly and the total amortization recorded to date is...
134
10K
PowszechnyZakladUbezpieczenSA-AR_2011
1,009
General Meeting and request a copy of the list, while reimbursing the costs of its preparation.
16
annual_report
HelvetiaHoldingAG-AR_2018
785
Financial report Corporate governance a) The Strategy and Governance Committee (SGC) prepares the resolutions to be passed by the Board of Directors in the event of a change or redefinition of strategy, controls in particular the implementation of the strategy, deals with mergers, acquisitions and disposals of companie...
126
annual_report
5835
1,835
At December 31, 2020, the Company had $166 million (2019: $261 million) of unfunded commitments as a limited partner in private equity funds. The life of the funds is subject to the dissolution of the underlying funds. The Company expects the overall holding period to be over five years.
49
10K
HelvetiaHoldingAG-AR_2011
270
Reinsurance Helvetia is one of the oldest reinsurers in the world. As a niche provider, Helvetia is characterised by excellent business relationships, a strict underwriting policy and a great degree of sector diversification. The focus of its activities falls on the OECD markets. The reinsurance segment does not pursue...
74
annual_report
4465
894
Other written premiums, primarily premiums that are ceded to reinsurers and that lower our net written premiums, had a significantly greater unfavorable effect in 2011 compared with 2010. The $40 million change was driven by additional ceded premiums for our property catastrophe reinsurance treaty, $24 million for rein...
121
10K
GjensidigeForsikringASA-AR_2020
3,853
Dividends Gjensidigestiftelsen (proposed and declared) 3,049.8 3,812.2 NAF Forsikringsformidling AS 0.2
11
annual_report
RSAInsuranceGroupPLC-AR_2020
3,834
Total other debtors and other assets 5 5 12) Share capital Full details of the share capital of the Company are set out in note 34 to the consolidated financial statements.
31
annual_report
4681
2,237
The Company has a quarterly monitoring process involving legal and accounting professionals. Legal personnel first identify outstanding corporate litigation and regulatory matters posing a reasonable possibility of loss. These matters are then jointly reviewed by accounting and legal personnel to evaluate the facts and...
207
10K
3992
10,576
Net investment income decreased 20.1% or $746 million to $2.97 billion in 2009 from $3.72 billion in 2008. The decline was primarily due to lower yields, actions to shorten duration and maintain additional liquidity in the portfolio, along with reduced average investment balances resulting primarily from reduced contra...
60
10K
nl_ing_grp-AR_2013
431
Within Nationale-Nederlanden Bank, NN Group invested in portals to enable more straight-through processing and to also streamline their use. It also invested in Customer Relationship Management tooling and analytics, to among other things, personalise the customer experience.
37
annual_report
4447
1,938
The Company’s estimate of reinsurance recoverables, net of an allowance for uncollectible reinsurance, is subject to similar risks and uncertainties as the estimate of the gross reserve for unpaid losses and loss adjustment expenses.
34
10K
4369
878
In August 2010, the Company entered into a one-year excess of loss reinsurance contract with third-party reinsurers which provides coverage for individual losses in excess of $100,000 up to $1 million. This contract terminated July 31, 2011 on a run-off basis.
41
10K
3298
2,921
and prior. The prior year period included $11.3 million or 0.5 points of adverse development on prior accident year losses mainly due to adverse development on catastrophe losses, primarily related to hurricanes Katrina and Wilma and two 2004 catastrophes, partially offset by favorable development on prior accident yea...
136
10K
1689
454
Net premiums written during 2001, 2000 and 1999 were $1,442,886,000, $1,272,447,000 and $1,206,171,000, respectively.
14
10K
AvivaPLC-AR_2013
2,844
32 – Group’s share plans This note describes the Group’s various equity compensation plans, and shows how the Group values the options and awards of shares in the Company.
29
annual_report
1167
365
(c) INVESTMENT GAINS AND LOSSES: Realized net capital gains and the change in net unrealized (depreciation) appreciation of investments are summarized as follows:
23
10K
2492
887
NFN sales decreased by 5% compared to 2003, as individual investment life sales continue to be adversely impacted by the consumer preference for fixed products. Sales increased significantly in 2003 primarily due to the acquisition that NFS closed on October 1, 2002.
42
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,959
Due dates €m 31.12.2015 Prev. year Not later than one year 205 182 Later than one year and not later than five years 514 433 Later than five years 415 230
31
annual_report
2746
650
GAFRI owns facilities related to its former manufacturing operations totaling approximately 150,000 square feet in North Adams, Massachusetts and 60,000 square feet in Longwood, Florida. A portion of the space in these facilities is currently being leased to companies using it for manufacturing and other operations.
46
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
711
The Board of Management reported in detail at the meetings about the quarterly financial statements and on the outlook for the 2004 results. On the basis of these reports, the Supervisory Board regularly discussed, in particular, the development of results in the Munich Re Group’s individual business segments. In addit...
237
annual_report
BeazleyPLC-AR_2019
2,569
30 Related party transactions continued 30.2 Key management compensation $m $m
11
annual_report
5789
913
Renewal commissions receivables arise from direct-to-consumer Medicare broking sales. Cash collections for these receivables are expected to occur over a period of several years. Due to the provisions of ASC 606, these receivables are not discounted for a significant financing component when initially recognized (see N...
191
10K
HannoverRueckSE-AR_2014
2,579
The run-off profit of altogether EUR 275.6 million in the 2014 financial year derives, as in the previous year, above all from positive run-offs of reserves in the areas of marine / aviation and short-tail property business.
37
annual_report
gb_prudential-AR_2011
4,744
Valuation movements on investments With the exception of debt securities held by Jackson, investment gains and losses during the year (to the extent that changes in capital values do not directly match changes in liabilities) are included directly in the profit for the year and shareholders’ equity as they arise. The r...
229
annual_report
3968
754
($.9 billion after tax). Torchmark’s ratio of earnings before interest and taxes to interest requirements (times interest earned) was 9.7 times in 2009, compared with 11.5 times in 2008 and 12.8 times in 2007. A discussion of our interest expense is included in the discussion of financing costs under the caption Invest...
55
10K
2121
10,039
Prior to the AFG/AFC merger in November 2003, AFC filed consolidated federal income tax returns which included all 80%-owned U.S. subsidiaries, except for certain life insurance subsidiaries and their subsidiaries. Because holders of AFC Preferred Stock held in excess of 20% of AFC's voting rights, AFG (parent) and AFC...
88
10K
4955
1,032
There are no recently issued accounting standards that are expected to have a material effect on our financial condition, results of operations or cash flows. See Note 2 of our consolidated financial statements.
33
10K
5640
823
At December 31, 2018, the Company held $21.7 million in fixed income securities composed of U.S Treasury securities, securities issued by U.S. Government agencies and Municipalities, and $0.6 million issued by corporations with investment-grade ratings. Of the total, $4.8 million is classified as short-term investments...
79
10K
NatixisSA-AR_2020
2,538
This Committee is organized by the risk division and chaired by the Chief Executive Officer and assembles the chief risk officer, members of the Senior Management Committee in charge of the business lines and finance, the accounting and prudential ratios division and the heads of the relevant support functions.
49
annual_report
ch_zurich_insurance_group-AR_2019
1,546
• Individual performance: At the beginning of the year, each member of the ExCo receives a target card for their area of responsibility. The target cards include objectives related to the execution of the strategy, in particular in the areas of financial measures, customers, people and relevant strategic projects. At t...
153
annual_report
2879
2,398
Significant Customers - The Company’s commercial business is diversified across a large customer base and there are no commercial groups that make up 10% or more of Coventry’s managed care premiums. The Company received 11.8%, 10.9% and 10.8% of its managed care premiums for the years ended December 31, 2005, 2004 and ...
138
10K
5713
2,902
The Company does not have any off-balance sheet arrangements that are reasonably likely to have a material effect on the financial condition, results of operations, liquidity, or capital resources of the Company, except for unfunded commitments to purchase investments in limited partnerships and other alternative inves...
66
10K
4351
2,004
Our catastrophe unit generated $399.7 million of underwriting income in 2010, compared to $649.4 million in 2009, a decrease of $249.7 million. The decrease in underwriting income was due primarily to a $255.4 million increase in net claims and claim expenses as a result of $252.4 million of net claims and claim expens...
123
10K
gb_prudential-AR_2016
2,084
Other payments 308 – – – – – – – – –
12
annual_report
fr_axa-AR_2006
3,648
Change in goodwill impairment – – (12) – – – – (12)
12
annual_report
RaiffeisenBankInternationalAG-AR_2017
1,012
In contrast, net fee and commission income improved 7 per cent, or € 21 million, to € 307 million. Higher fee and commission income was primarily reported in the payment transfer business, investment banking (share and bond issuance and fund brokerage ), credit and project financing, in the investment and pension funds...
59
annual_report