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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/(losses) from bonds and other fixed-income securities 779.8 300.1 | 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 $18 million received in the first quarter of 2009 related to the termination of reinsurance on certain individual disability reinsured policies and claims. The premiums received from these terminations of reinsurance were offset by approximately $18 million in additional reserves assumed. | 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 agents. In February 2003, AFG sold 61% of Infinity in a public offering for net proceeds of $186.3 million, realizing a pretax loss of $39.4 million on the sale. In addition, AFG realized a $5.5 million tax benefit related to its basis in Infinity stock. In December 2003, AFG sold its remaining share of Infinity for net proceeds of $214 million, realizing a pretax gain of $56.5 million on the sale. The businesses transferred generated aggregate net written premiums of approximately $690 million in 2002. | 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 operations because they are acquired and generally held to maturity to generate income that we use to meet our obligations. Conversely, we do not consider many of the activities reported through net realized gains (losses) as part of the results of our insurance operations. The timing and amount of these gains (losses) are driven by investment decisions and external economic developments unrelated to our management of the insurance and underwriting aspects of our business. | 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 respective asset class. Such evaluations and assessments are revised as conditions change and new information becomes available. | 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 v. Bank of America, N.A.; (h) Los Angeles World Airports v. Bank of America, N.A.; (i) Redevelopment Agency of the City of Stockton v. Bank of America, N.A.; (j) Sacramento Suburban Water District v. Bank of America, N.A.; and (k) County of Tulare, California v. Bank of America, N.A. | 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 held to maturity category without calling into question the intent to hold other debt securities to maturity in the future. On December 31, 1995, UNUM reassessed its fixed maturity portfolio and as allowed under the implementation guidance, reclassified fixed maturities with an amortized cost of $6,082.8 million and a related unrealized gain of $393.0 million from the held to maturity category to available for sale. The unrealized gain on the total available for sale fixed maturity portfolio was $551.9 million at December 31, 1995. In connection with the reclassification of the held to maturity fixed maturities to available for sale, on December 31, 1995, UNUM adjusted its unpaid claims by $261.2 million to reflect the changes that would have been necessary if the unrealized gains and losses related to fixed maturities classified as available for sale had been realized. At December 31, 1996, the unrealized gain on available for sale fixed maturities was $286.0 million and the related unpaid claims adjustment was $168.7 million. | 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, reinsurance purchasing, transaction evaluation, risk optimization, and regulatory, investor, and rating agency communication. Z-ECM quantifies the capital required for insurance-related risk (including premium and reserve, natural catastrophe, business and life insurance), market risk, reinsurance credit and operational risks. In 2015, Zurich enhanced its market risk model; market risk and investment credit risk are now quantified in an integrated way. | 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 plan in 2007. The goodwill impairment charge is not tax deductible. No impairment charges relating to goodwill were recorded in the years ended December 31, 2010, and 2009. | 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 affected by higher loss costs for the aggregate commercial automobile (trucking), general liability, and workers' compensation coverages. 2013 ratios remained at relatively high levels as workers' compensation and general liability loss costs continued to reflect greater-than-expected severity. | 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, policyholder loans and surrenders relating to the ceded policies. In addition, Southern Security receives certain commission and expense reimbursements. The funds held related to reinsurance treaties of $1,379,640 and policyholders' account balances on deposit with reinsurer of $7,148,068 represent the 18% share of policy loans and policyholder account balances ceded to MEGA as of December 31, 2001. | 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 of reinsurance). As of December 31, 2001 the Company had estimated a total liability for unpaid loss and loss adjustment expenses for the Excess Liability policies issued in these years of $23.0 million ($21.6 million net of reinsurance). Excess Liability provides automobile liability coverage in excess of the state mandated limits which are provided by the rental car company. During the third quarter of 2002, pursuant to a routine underwriting review focusing on price adequacy and loss experience, the Company non-renewed a significant Excess Liability customer as a result of an unacceptable underwriting risk profile. This adverse loss development was primarily due to pricing inadequacy and the adverse loss experience of this customer. Additionally, the Company has experienced a delay in both the reporting of claims and the claim litigation discovery process as a result of this policyholder and another Excess Liability policyholder filing for Chapter 11 during the third quarter 2002 and fourth quarter 2001, respectively. | 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 unpaid claims, as well as court decisions and economic conditions. The effects of inflation are considered in the reserving process. Establishment of appropriate reserves is an inherently uncertain process, and there can be no assurance that currently established reserves will prove adequate in light of subsequent actual experience. The Company follows a practice of conservatively estimating its future liabilities relating to losses already incurred and has attempted to establish its loss and LAE reserves at the upper end of a reasonable range of reserve estimates. The Company believes that it has been particularly difficult to make such estimates for medical malpractice claims in California because of the uncertain benefits of tort reform measures and changes in the judicial process. | 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 full service retirement account values. These items were partially offset by expenses incurred in 2006 in our full service business relating to the expansion of our distribution and client servicing capabilities and costs associated with expense reduction initiatives, lower mortgage prepayment income and higher crediting rates on full service general account liabilities. | 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 some ground by year-end, the share price failed to climb back to its pre-September 11 level. In the months that followed we conducted an intensive information campaign aimed at strengthening confidence in our share and restoring its value. Only during the early months of the current year have these efforts met with appreciable success, as by further stepping up our Investor Relations activities – not only in traditional markets but also in new regions such as Scandinavia, the Benelux countries and Asia – we have been able to stimulate demand for our share. | 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 that reference London Inter-bank Offered Rate (LIBOR) or another reference rate expected to be discontinued. The guidance is effective for contract modifications made between March 12, 2020 and December 31, 2022. The new guidance reduces the operational and financial impacts of contract modifications that replace a reference rate, such as London Interbank Offered Rate (LIBOR), affected by reference rate reform. The adoption of the new guidance provides relief from current GAAP and is not anticipated to have a material impact on the Company’s consolidated financial statements. The Company will continue to evaluate the impact of the reference rate reform on contract modifications through December 31, 2022. | 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 obligation is recorded as a reduction of capital in excess of par value in the accompanying consolidated balance sheet and is being amortized to compensation expense ratably over the vesting period of the participants. Future changes in the fair value of the Gallagher common stock that is owed to the participants do not have any impact on Gallagher’s consolidated financial statements. During 2008, 2007 and 2006, $2.5 million, $2.3 million and $2.6 million, respectively, was charged to compensation expense related to this plan. During 2008 and 2006, 67,000 and 30,000 shares of Gallagher’s common stock were vested and distributed to employees under this plan, with an aggregate fair value of $1.7 million and $0.8 million, respectively. No shares were vested or distributed to employees in 2007. At December 31, 2008 and 2007, $11.4 million (related to 713,000 shares) and $13.9 million (related to 780,000 shares), respectively, of unearned deferred compensation was recorded as an offset to capital in excess of par value in the accompanying consolidated balance sheet. The total intrinsic value of unvested Gallagher common stock under the plan at December 31, 2008 and 2007 was $18.5 million and $18.9 million, respectively. | 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 fixtures related to the Company relocating its headquarters. | 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 fair values of the GMWB liabilities are $6.6 billion and $715, respectively. As of December 31, 2008 the fair value of the GMAB liability is $0. As of December 31, 2007 the fair value of the GMAB was an asset of $2 because the present value of the fees expected to be earned in the future exceeded the present value claims expected to be paid in the future. Due to significant market declines in the fourth quarter of 2008, a large majority of the Company’s in force Japan 3 Win policies, which include a GMAB feature, annuitized or surrendered free of charge in the fourth quarter of 2008. See Note 4 of Notes to Consolidated Financial Statements for a description of the Japan GMAB. | 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 value in a business combination; (ii) reporting units measured at estimated fair value in the first step of a goodwill impairment test; and (iii) indefinite-lived intangible assets measured at estimated fair value for impairment assessment. | 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 the United States. The calculation of the IGD ratio excluded the available and required capital of the UK with-profits funds. | 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 insurance products. Our life insurance in-force decreased primarily from higher lapses of older issued policies, partially offset by an increase in deposits and sales in 2014. | 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, competition from emerging technologies for television and radio advertising, competition for new investments, debt costs, mergers and consolidations within the financial services and communications sectors, and costs inherent in administering complex financial products. | 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 increase. The Company believes that the California property and casualty insurance market continues to be a “soft market.” The Company cannot determine how long the existing market conditions will continue nor in which direction they might change. Despite the increased competition in the property and casualty marketplace, the Company believes that rate adequacy is more important than premium growth and that underwriting profit (net earned premium less losses and loss adjustment expenses and policy acquisition costs) is its primary goal. Nonetheless, Crusader believes that it can grow its sales and profitability by continuing to focus upon three key areas of its operations: (1) product development, (2) improved service to retail brokers, and (3) appointment of captive and independent retail agents. | 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 of the care provided. The Company’s newer generations of products pay facility claims on a cost incurred basis, meaning that the Company only reimburses for the cost of care provided up to the maximum daily benefit. However, all of the Company’s home health care benefits are paid on a cost incurred basis regardless of when the policy was issued. | 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 office. | 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 reaching decisions. | 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 insuring credit derivatives or losses and recoveries on financial guarantee VIEs that are eliminated in consolidation. Policies insuring credit derivative contracts are accounted for as derivatives and carried at fair value under GAAP. The fair values of insured derivative contracts are influenced by a variety of market and transaction-specific factors that may be unrelated to potential future claim payments under the Company’s insurance policies. In the absence of credit impairments on insured derivative contracts or the early termination of such contracts at a loss, the cumulative unrealized losses recorded from these contracts should reverse before or at the maturity of the contracts. | 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 adjusted by a charge or credit to our consolidated statements of operations if actual experience or other evidence suggests that previous estimates should be revised. Considerable judgment is used in evaluating these estimates and the assumptions on which they are based. The use of different assumptions may have a significant effect on the amortization of deferred policy acquisition costs. Ceding commissions received under our reinsurance arrangements related to these costs are also deferred and accounted for using similar assumptions. See Notes 8 and 9 for additional information. | 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 companies or major portfolios, and prepares the required resolutions by the full Board of Directors. It also ensures good corporate governance within the Helvetia Group. The SGC assumes duties and powers that have been assigned to it by the Board of Directors, deals with issues entrusted to it by the Chairwoman that are not reserved for the full Board of Directors in accordance with the law, the Articles of Association or Group regulations, and discusses important and urgent issues. | 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 any volume targets but concentrates exclusively on the profitability of the business written. Further information on the reinsurance portfolio can be found on page 73. | 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 reinstatement premiums following two large catastrophe events during 2011 and $14 million for the third and fourth event cover that was discussed in Consolidated Property Casualty Insurance Results of Operations, Page 51. For estimated premiums of policies in effect but not yet processed, 2011 had a less favorable adjustment and 2010 had a more favorable adjustment, both compared with the prior year. The adjustment for estimated premiums had an immaterial effect on earned premiums. | 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 changes since the last review in order to determine if a provision for loss should be recorded or adjusted, the amount that should be recorded, and the appropriate disclosure. The outcomes of certain contingencies currently being evaluated by the Company, which relate to corporate litigation and regulatory matters, are inherently difficult to predict, and the reserves that have been established for the estimated settlement amounts are subject to significant changes. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of the Company. In view of the uncertainties regarding the outcome of these matters, as well as the tax-deductibility of payments, it is possible that the ultimate cost to the Company of these matters could exceed the reserve by an amount that would have a material adverse effect on the Company’s results of operations or liquidity in a particular quarterly or annual period. | 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 contractholder obligations. Lower yields were particularly impacted by short-term and variable rate assets. | 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 year non-catastrophe losses in specialty lines and commercial lines. Our expense ratio for 2007 decreased due to the benefit of one-time, non-recurring items including the partial settlement of our qualified pension plan liabilities and the benefit of a state premium tax refund which reduced our expense ratio by 1.0 point and 0.4 points, respectively, partially offset by 0.7 point of office consolidation costs. Our 2006 results included 3.9 points related to incentive compensation expense which was 1.0 point higher than in 2007 and 1.0 point of office consolidation costs. | 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 addition, we debated at length the business policy and planning for 2005 and 2006, as well as the measures for securing and expanding profitability in primary insurance and reinsurance. We had the new Chairman of the Board of Management give us a detailed picture of the Company’s strategy. In addition, the Supervisory Board carefully examined the Company’s risk situation and risk management, as well as the changes in supervisory requirements for reinsurance. The Board of Management kept us abreast of developments at the main subsidiaries, especially American Re, and the two major it projects in the primary insurance and reinsurance groups. Other subjects of discussion were the personnel report of the Board of Management and a comparison with competitors of the Munich Re Group. The Supervisory Board also considered such topical issues as the effects of the German Investor Protection Enhancement Act and developments in connection with the investigations of New York State Attorney General Spitzer in the USA. The Board of Management briefed us about the restructuring measures at ergo, the capital measure involving victoria Leben and Munich Re’s assumption of unified control in respect of ergo. | 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 Note 2 - Basis of Presentation, Significant Accounting Policies and Recent Accounting Pronouncements). However, as a result of recognizing the fair value of these receivables in accordance with ASC 805, Business Combinations, these receivables have now been present-valued at the acquisition date. Prior to this fair value adjustment, the carrying value of these receivables was $231 million. The adjusted values of these acquired renewal commissions receivables will be included in prepaid and other current assets or other non-current assets, as appropriate, on the consolidated balance sheets. The acquired renewal commissions receivables will be accounted for prospectively using the cost recovery method in which future cash receipts will initially be applied against the acquisition date fair value until the value reaches zero. Any cash received in excess of the fair value determined at acquisition will be recorded to earnings when it is received at a future date. | 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 results for any covered business conceptually reflects the aggregate of the IFRS results and the movements on the additional shareholders’ interest recognised on the EEV basis. Thus the start point for the calculation of the EEV results for Jackson, as for other businesses, reflects the market value movements recognised on the IFRS basis. However, in determining the movements on the additional shareholders’ interest, the basis for calculating the Jackson EEV result acknowledges that for debt securities backing liabilities the aggregate EEV results reflect the fact that the value of in-force business instead incorporates the discounted value of future spread earnings. This value is not affected generally by short-term market movements on securities that are, broadly speaking, held for the longer-term. Fixed income securities backing the free surplus and required capital for Jackson are accounted for at fair value. However, consistent with the treatment applied under IFRS for Jackson securities classified as available-for-sale, movements in unrealised appreciation on these securities are accounted for in equity rather than in the income statement, as shown in the movement in shareholders’ equity. | 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 Investments in this report. | 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 Holding Company were not eligible to file consolidated returns with AFC, and therefore, filed separately. Following the AFG/AFC merger, AFG will file consolidated federal income tax returns, which will include the companies previously included in the AFC consolidated return. | 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 on the Consolidated Balance Sheet as maturities are less than one year in duration. Additionally, the Company holds $8.1 million in short-term investments, which are related to time deposits held with various financial institutions. | 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 the end of the year, each member of the ExCo conducts a self-assessment of their performance in relation to the targets set. Group Risk Management, together with other control and assurance functions, provide risk and compliance information to be considered as part of the ExCo members’ individual performance assessment. A discussion is subsequently held between each member of the ExCo and the Group CEO. In a rigorous process, the Group CEO and the Remuneration Committee review the individual performance achievements of each member of the ExCo, including behavior and risk aspects. For the Group CEO, the review is conducted by the Remuneration Committee. | 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 2003, respectively, from the federal Medicare program throughout its various markets. The Company also received 13.2%, 11.7% and 11.8% of its managed care premiums for the years ended December 31, 2005, 2004 and 2003, respectively, from its state-sponsored Medicaid programs throughout its various markets. For the year ended December 31, 2005, the State of Missouri accounted for half the Company’s Medicaid premiums. The Company received 22.1% of its management services revenue from a single customer, Mail Handlers Benefit Plan for the year ended December 31, 2005. | 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 investments, private placements, and mortgage loans as disclosed in Note 14 - Commitments and Contingencies of Notes to Consolidated Financial Statements. | 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 expenses related to the 2010 earthquakes and a $10.2 million increase in underwriting expenses, and partially offset by a $15.8 million increase in net premiums earned. Net premiums earned in 2010 included $28.0 million of reinstatement premiums earned as a result of the 2010 earthquakes. The September 2010 New Zealand and Chilean earthquakes added 36.8 percentage points to the catastrophe unit’s combined ratio for 2010 as detailed in the table below: | 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 management business and in the securities business. | 59 | annual_report |
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