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1978 | 362 | In addition, Health Card rents a two family house in Port Washington, New York (near the Company's offices) from P.W. Capital, LLC, (a company affiliated with Health Card's Chairman of the Board) which is used for out-of-town employees. Health Card evaluated the cost of hotels for these individuals and determined it wa... | 130 | 10K |
NatwestGroupPLC-AR_2014 | 6,666 | A derivative embedded in a contract is accounted for as a standalone derivative if its economic characteristics are not closely related to the economic characteristics of the host contract; unless the entire contract is measured at fair value with changes in fair value recognised in profit or loss. | 48 | annual_report |
GjensidigeForsikringASA-AR_2010 | 1,890 | allocated return on investments The allocated return on investments is calculated based on the average of the technical provisions throughout the year. The average yield on government bonds with three years remaining until maturity is used for the calculation. The Financial supervisory Authority of norway has calculate... | 80 | annual_report |
629 | 96 | Policy benefits and payments increased $1.4 million to $100.4 million in 1997 from $99.0 million in 1996. Surrender and annuity benefits increased $0.5 million and $0.9 million, respectively, essentially due to increased variable and fixed annuity withdrawals and contract surrenders. The life insurance lapse rate, whic... | 84 | 10K |
AegonNV-AR_2004 | 2,006 | In summary: • II.2.7: this best practice provision provides that the maximum remuneration in the event of dismissal is one-year’s salary. | 21 | annual_report |
4911 | 2,324 | • Equity risk - represents the potential for loss due to changes in equity prices. It affects equity-linked insurance products, including but not limited to index annuities, variable annuities (and associated guaranteed living and death benefits), universal life insurance, and variable universal life insurance. It also... | 81 | 10K |
4936 | 610 | Corporate interest expense was $4.3 million in 2014, compared to $1.4 million in 2013. This expense includes the amortization of capitalized costs associated with the Company’s credit agreement with Fortress. Interest expense incurred on the Company’s borrowings under the Fortress line of credit was $4.3 million in 201... | 194 | 10K |
AegonNV-AR_2011 | 2,166 | AEGON retains confidential information on its computer systems, including customer information and proprietary business information. Any compromise of the security of | 21 | annual_report |
294 | 230 | Management has determined that the entire fixed maturity securities portfolio should be classified as "available for sale." Fixed maturity securities classified as "available for sale" are carried at estimated market value. The market value and amortized cost of all fixed maturity securities at December 31, 1996 were $... | 53 | 10K |
5048 | 2,600 | The expense ratio improved 1.7 points in 2014, compared to the prior year period, primarily due to lower profit sharing expense related to the Association - Financial Institutions block of business in relation to lower premium and other considerations. | 39 | 10K |
155 | 816 | Net income for the years 1995 and 1994 was not affected by extraordinary items. For the year ended December 31, 1993, after giving effect to the cost of early extinguishment of debt (net of tax) and the effect of a change in accounting principle, net income for the period was $3,347,000, or $.69 per common share. The n... | 161 | 10K |
HiscoxLtd-AR_2005 | 59 | The market Bermuda is the focus of much attention at the moment as it has now outgrown the London Market in reinsurance. It resembles the Lloyd’s of old in its entrepreneurial spirit, speed of reaction and swift and sensible regulation. Brokers find it very user-friendly. Meanwhile Lloyd’s has produced another plan to ... | 179 | annual_report |
2794 | 668 | On June 10, 2002 UTG and Fiserv formed an alliance between their respective organizations to provide third party administration (TPA) services to insurance companies seeking business process outsourcing solutions. Fiserv will be responsible for the marketing and sales function for the alliance, as well as providing the... | 128 | 10K |
1809 | 308 | Depreciation increased 6% in 2001, 5% in 2000 and 13% in 1999. These increases were primarily due to the purchase of new computer equipment and the depreciation associated with acquired assets. | 31 | 10K |
StorebrandASA-AR_2002 | 706 | This represents a fall of 50% over the course of 2002. The fall in | 14 | annual_report |
ScorSE-AR_2012 | 3,265 | SCOR Group to finance the Transamerica Re acquisition have been assumed to be recorded beginning on 1 January 2011. | 19 | annual_report |
3771 | 1,360 | CNA categorizes active asbestos accounts as large or small accounts. CNA defines a large account as an active account with more than $100,000 of cumulative paid losses. CNA has made resolving large accounts a significant management priority. Small accounts are defined as active accounts with $100,000 or less of cumulat... | 52 | 10K |
5340 | 10,486 | The standard is effective on January 1, 2018, with early adoption of certain provisions permitted. We are assessing the impact of the standard on our reported consolidated financial condition, results of operations and cash flows. | 35 | 10K |
ch_zurich_insurance_group-AR_2013 | 2,609 | b) Authorized share capital Until March 29, 2014, the Board of Zurich Insurance Group Ltd is authorized to increase the share capital by an amount not exceeding CHF 1,000,000 by issuing up to 10,000,000 fully paid registered shares with a nominal value of CHF 0.10 each. An increase in partial amounts is permitted. The ... | 84 | annual_report |
NatwestGroupPLC-AR_2004 | 1,422 | Insurance risk The Group is exposed to insurance risk, either directly through its businesses or through using insurance as a tool to reduce other risk exposures: • Insurance is a source of risk where the Group sells and underwrites general insurance and life assurance. The essence of an insurance contract is the trans... | 74 | annual_report |
fr_axa-AR_2005 | 5,042 | An independent actuarial consultancy, Tillinghast, was hired by AXA to perform a review, and has issued the following statement of opinion: “Tillinghast has assisted AXA in developing the methodology and reviewing the assumptions used in the embedded value at December 31, 2005, and the 2005 new business value for the p... | 76 | annual_report |
4557 | 1,392 | derivatives and net derivative gains (losses). Additionally, changes in fair value of embedded derivatives within certain insurance liabilities may have a material impact on net derivative gains (losses) related to the inclusion of a nonperformance risk adjustment. | 37 | 10K |
3564 | 1,286 | The impact of the excess of loss reinsurance treaties on the financial statements is as follows: | 16 | 10K |
2794 | 710 | On a cash basis, the Company paid $ 13, $ 77,453, and $ 162,179 in interest expense for the years 2005, 2004 and 2003, respectively. The Company paid $ 0, $ 110,000, and $ 175,000 in federal income tax for 2005, 2004 and 2003, respectively. | 45 | 10K |
1728 | 139 | Net income before income tax was $5,440,000 in 2001 compared to $3,917,000 in 2000. Improved underwriting results continued to be the primary factor contributing to the improvement in income before taxes. | 31 | 10K |
2272 | 917 | We attempt to match the timing of when interest rates are committed on insurance products, residential mortgage loans and other new investments. However, timing differences may occur and can expose us to fluctuating interest rates. To offset this risk, we use mortgage-backed forwards, over-the-counter options on mortga... | 113 | 10K |
INGGroepNV-AR_2002 | 770 | Market positions In the United States, ING serves 6.6 million customers through two core operating units: US | 17 | annual_report |
4725 | 2,404 | The current accident year loss and loss adjustment expense ratio before catastrophes is a measure of the cost of non-catastrophe claims incurred in the current accident year divided by earned premiums. Management believes that the current accident year loss and loss adjustment expense ratio before catastrophes is a per... | 72 | 10K |
4867 | 3,265 | The amounts recorded in AOCI as of the end of the period, which have not yet been recognized as a component of net periodic (benefit) cost, and the related changes in these items during the period that are recognized in OCI are as follows: | 44 | 10K |
INGGroepNV-AR_2019 | 5,208 | – Deferred tax assets 841 730 1 The prior period has been updated to improve consistency and comparability. | 18 | annual_report |
68 | 648 | (d) AIG Trading Group Inc. and its subsidiaries (AIGTG) becomes party to off-balance sheet financial instruments in the normal course of its business and to reduce its currency, interest rate and commodity exposures. | 33 | 10K |
NatixisSA-AR_2011 | 1,988 | Chairman of the Supervisory Board of: SODERO Gestion, BATIROC Pays de Loire, | 12 | annual_report |
ch_zurich_insurance_group-AR_2012 | 2,914 | Gross written premiums and policy fees 8,609 7,949 10,003 9,777 11,882 12,932 5,603 4,425 345 401 (832) (912) 35,610 34,572 Net earned premiums and policy fees 5,499 5,350 7,634 7,644 11,772 12,647 4,282 3,377 9 58 – – 29,195 29,076 Insurance benefits and losses, net 4,291 4,564 5,453 5,126 8,225 8,980 2,583 2,462 (25)... | 80 | annual_report |
HiscoxLtd-AR_2011 | 1,129 | As part of a business combination in 2007, the Group acquired insurance authorisation licences for 50 US states. This intangible asset has been allocated for impairment testing purposes to one individual CGU, being the Group’s North American underwriting businesses. The carrying value of this asset is tested for impair... | 77 | annual_report |
3832 | 1,259 | The model maximizes the use of market-driven inputs whenever they are available. The key inputs to the model are market-based spreads for the collateral, and the credit rating of referenced entities. These are viewed by us to be the key parameters that affect fair value of the transaction. | 48 | 10K |
AegonNV-AR_2013 | 652 | The Dodd-Frank Act has entrusted to the Board of Governors of the Federal Reserve Board (the “Federal Reserve”) a significant regulatory role with respect to life insurers which are either designated as systemically significant or have a bank within the group. Finally, the International Association of Insurance | 47 | annual_report |
SwissLifeHoldingAG-AR_2005 | 1,376 | Currency risk The Swiss Life Group operates internationally and its exposures to foreign currency risk primarily arise with respect to the euro and the US dollar. Most of the investments and liabilities are denominated in Swiss francs, euros and US dollars, the value of which is subject to exchange rate fluctuations. T... | 82 | annual_report |
477 | 447 | OmniCare-TN and other managed care organizations who have contracted with the State of Tennessee under the TennCare program were audited by the State of Tennessee Comptroller Division of Audit. The findings by the Comptroller Division of Audit included a finding regarding OmniCare-TN marketing practices. Identified cap... | 66 | 10K |
ScorSE-AR_2012 | 123 | Products such as critical illness, short-term and long-term disability and long term care, which all contain morbidity risk, are subject to the risk of negative trends in health, as well as to the consequences of improved medical diagnoses capabilities which increase the number of claims that otherwise would possibly h... | 98 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002 | 1,250 | The sales activities are based on the long-term strategy of streamlining portfolios in Germany and reallocating investment to fungible, international markets with strong growth, in order to optimise portfolio performance. | 30 | annual_report |
HannoverRueckSE-AR_2011 | 3,635 | Camargue underwriting Managers (Pty) Ltd., Parktown/South africa4 13.26 ZaR 3,504 ZaR 504 | 12 | annual_report |
4826 | 532 | Policy Fee Income for the years ended December 31, 2013 and 2012 was $3,098 and $2,538, respectively, and reflects the policy fee income we earn with respect to our issuance of renewal policies. | 33 | 10K |
4424 | 1,528 | Net of any previously rescinded policies or denied claims that were reinstated during the period. Such reinstated rescissions may ultimately result in a paid claim, while any previously denied claims are generally reviewed for possible rescission prior to any claim payment. | 41 | 10K |
SwissReAG-AR_2014 | 1,781 | Drought is a key risk across Sub-Saharan Africa, threatening the very livelihoods of millions of citizens. When there is too little rainfall in the countries protected by the scheme, ARC will estimate drought-related adverse impacts by using satellite weather surveillance technology, triggering automatic payouts to the... | 48 | annual_report |
fr_axa-AR_2006 | 3,268 | Valuation of assets acquired and liabilities assumed of newly acquired subsidiaries and contingent liabilities Upon first consolidation, all assets, liabilities and contingent liabilities of the acquired company are estimated at their fair value. However as permitted by IFRS 4, liabilities related to life insurance con... | 169 | annual_report |
5341 | 2,047 | In 2015, we made $19.8 million of scheduled quarterly principal payments due under the Previous Senior Secured Credit Agreement. In 2014, we made $59.4 million of scheduled quarterly principal payments due under the Previous Senior Secured Credit Agreement. | 38 | 10K |
4121 | 10,174 | •For the reasons specified above, it is often not possible to make meaningful estimates of the amount or range of loss that could result from the matters described below in the "Proceedings" subsection. The Company reviews these matters on an ongoing basis and follows appropriate accounting guidance when making accrual... | 75 | 10K |
3131 | 935 | Risk and Insurance Brokerage Services. Brokerage segment results are affected by several key drivers, including: | 15 | 10K |
NatwestGroupPLC-AR_2004 | 1,617 | The Board has established a process for the identification, evaluation and management of the significant risks faced by the Group, which operated throughout the year ended 31 December 2004 and to 23 February 2005, the date the directors approved the Report and Accounts. This process is regularly reviewed by the Board a... | 80 | annual_report |
4028 | 753 | Certain UL contracts offered by RiverSource Life provide secondary guarantee benefits. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. | 47 | 10K |
AegonNV-AR_2017 | 2,572 | US (not listed), and member of the Board of Save the Children | 12 | annual_report |
AvivaPLC-AR_2013 | 715 | For more information on financial performance see ‘Other Information – Financial and Operating Performance’ in our annual report and accounts | 20 | annual_report |
3979 | 680 | National Western's primary business encompasses its domestic and international life insurance operations and its annuity operations. However, the Company also has small real estate, nursing home, and other investment operations through its wholly-owned subsidiaries. Most of the income from the Company's subsidiaries is... | 69 | 10K |
4051 | 4,020 | On June 27, 2005, AIG entered into an agreement pursuant to which AIG agreed, subject to certain conditions, to make any payment that is not promptly paid with respect to the benefits accrued by certain employees of AIG and its subsidiaries under the SICO Plans (as discussed in (c) below under "Benefits Provided by Sta... | 58 | 10K |
2690 | 347 | We operate in multiple markets with multiple distribution approaches to attempt to reduce the probability that an adverse competitive response in any single market will have a significant impact on our overall business. We also attempt to maintain several new products, product line extensions or product distribution ap... | 82 | 10K |
LloydsBankingGroupPLC-AR_2011 | 2,057 | shareholders’ funds: Held outside the long-term funds – – – 1,843 632 2,475 | 13 | annual_report |
4415 | 1,437 | According to the loss portfolio transfer provisions of the IICL Agreement, the Company assumed loss reserves of $98.8 million associated with the GMAC IICL business as at November 30, 2010. The Company also assumed unearned premium, net of acquisition expenses, of approximately $19.5 million. | 44 | 10K |
NatwestGroupPLC-AR_2008 | 905 | Group Audit Committee Financial reporting and the application of accounting Independent non-executive directors (GAC) policies as part of the internal control and risk assessment process. GAC monitors the identification, evaluation and management of all significant risks throughout the Group. | 39 | annual_report |
364 | 291 | As discussed in Note 15 to the combined financial statements, the Group has completed a demutualization plan which has been challenged by certain policyholders. | 24 | 10K |
4402 | 495 | Interest rate risk is the price sensitivity of a fixed maturity security or portfolio of securities to changes in interest rates. We invest in fixed maturity and other interest rate sensitive securities. While it is generally our intent to hold our investments in fixed maturity securities to maturity, we have classifie... | 87 | 10K |
3683 | 749 | Effective October 1, 2006, the Company adopted SFAS 133 Implementation Issue No. B40, Embedded Derivatives: Application of Paragraph 13(b) to Securitized Interests in Prepayable Financial Assets (“Issue B40”). Issue B40 clarifies that a securitized interest in prepayable financial assets is not subject to the condition... | 134 | 10K |
AegonNV-AR_2012 | 2,817 | Movement in foreign currency translation and net foreign investment hedging reserve (116) 409 1,054 | 14 | annual_report |
4233 | 594 | We sell individual life insurance and annuity products through an exclusive distribution channel and individual annuity products through independent agents and brokers. Our exclusive agency force consists of 1,996 Farm Bureau agents and managers operating in the Midwestern and Western sections of the United States. Our... | 110 | 10K |
4243 | 622 | Investment income decreased to $9.5 million during the year ended June 30, 2009 from $11.3 million during the year ended June 30, 2008. The decrease in investment income was primarily a result of an increase in cash and cash equivalents, a decrease in the amount of assets invested in fixed maturities, and the significa... | 149 | 10K |
NatwestGroupPLC-AR_2016 | 3,466 | Other examples include the use of models to measure market risk exposures and calculate associated capital requirements, as well as for the valuation of positions. The models used for stresstesting purposes also play a key role in ensuring the bank holds sufficient capital, even in stressed market scenarios. | 48 | annual_report |
de_allianz-AR_2004 | 3,101 | office equipment. Rental expense for the year ending December 31, 2004, was ¤280 mn (2003: ¤296 mn; 2002: ¤185 mn). | 20 | annual_report |
4415 | 1,792 | Other Insurance Revenue. Other insurance revenue of $12.6 million represents the IIS Fee Business that is not directly associated with premium revenue generated by the Company. The year ended December 31, 2011 represents the first full calendar periods of operations for the IIS Fee Business and is primarily in respect ... | 58 | 10K |
598 | 510 | Other income was $3.5 million for 1997, compared to $100,000 for 1996. The other income in 1997, reflecting proceeds less certain related expenses, was principally a consequence of a one-time settlement of a lawsuit against the Company's former independent auditors. Management expects minimal other income for the fores... | 49 | 10K |
3617 | 1,326 | Changes in assumptions can have a significant impact on the amount of DAC reported for investment and universal life insurance products and their related amortization patterns. In the event actual experience differs from assumptions or future assumptions are revised, the Company is required to record an increase or dec... | 108 | 10K |
2989 | 1,530 | We incurred net losses and loss expenses of approximately $3.9 million related to the tornadoes that occurred in the first quarter of 2006. Our expected ultimate losses during the year ended December 31, 2006 also included adverse development of approximately $5.0 million excluding reinstatement premiums related to the... | 207 | 10K |
de_allianz-AR_2004 | 3,166 | reference price. The total compensation expense is remeasured at each reporting period based on changes in the Allianz AG share price and is accrued over the two-year vesting period. As of December 31, 2004, the total compensation expense related to the 4,666,820 (2003: 3,061,673) | 44 | annual_report |
fr_axa-AR_2003 | 2,877 | MAIN CHANGES IN THE SCOPE OF CONSOLIDATION IN 2002 The main change in scope of consolidation in 2002 was the sale of AXA Health Insurance Pty Ltd in Australia, taken into account as of August 31, 2002 (8 months of activity in 2002). | 43 | annual_report |
RaiffeisenBankInternationalAG-AR_2009 | 2,160 | Negative fair values of derivatives in fair value hedges (IAS 39) 5,113 1,358 | 13 | annual_report |
1961 | 419 | Summary of Operating Results. Torchmark’s management computes a classification of income called “net operating income” that it has used consistently over time to evaluate the operating performance of the company. Net operating income is also the corresponding after-tax sum of the pretax measures of profit or loss for e... | 205 | 10K |
5728 | 683 | Obtaining and reviewing the independent actuarial report and gaining an understanding from the actuary of the objectives and scope of their work, consistency of methods and assumptions used in the current year as compared to previous years; | 37 | 10K |
SwissReCorporateSolutions-AR_2017 | 624 | Liabilities from derivative financial instruments Liabilities from derivative financial instruments are generally maintained at the highest commitment amount as per a balance sheet date during the life of the underlying contracts. | 31 | annual_report |
3886 | 1,146 | At December 31, 2008, the amortized cost of the Company's below-investment grade fixed maturity securities was $1,983.6 million, or 11 percent of the Company's fixed maturity portfolio. The estimated fair value of the below-investment grade portfolio was $1,391.9 million, or 70 percent of the amortized cost. | 46 | 10K |
4493 | 4,991 | In December 2011, FASB issued the ASU No. 2011-10 Property, Plant, and Equipment (Topic 360) Derecognition of in Substance Real Estate-a Scope Clarification. Under the amendments in this Update, when a parent (reporting entity) ceases to have a controlling financial interest (as described in Subtopic 810-10) in a subsi... | 218 | 10K |
5192 | 887 | In May 2015, the FASB updated its guidance related to the Financial Services-Insurance Topic 944 of the ASC. The objective of this update is to add disclosures which provide transparency of significant estimates made in measuring the liability for losses and settlement expenses, thus providing more insight into an insu... | 190 | 10K |
PhoenixGroupHoldingsPLC-AR_2009 | 610 | The rules about the appointment and replacement of Directors are contained in the Company’s Articles of Association (“the Articles”). These state that a Director may be appointed by an ordinary resolution of the shareholders or by a resolution of the Directors. If appointed by a resolution of the Directors, the Directo... | 68 | annual_report |
AvivaPLC-AR_2012 | 2,870 | Current tax from continuing operations In respect of pensions and other post-retirement obligations (14) (88) In respect of foreign exchange movements (17) (8) | 23 | annual_report |
RSAInsuranceGroupPLC-AR_2018 | 3,058 | Subordinated guaranteed US$ bonds – – – – – – 7 7 6 | 13 | annual_report |
StorebrandASA-AR_2002 | 615 | The external auditor is appointed by the General Meeting and is responsible for the financial audit of the company. The external auditor delivers the Auditors’ Report in respect of the Annual Accounts, and also undertakes a limited-scope audit of the interim accounts. | 42 | annual_report |
AvivaPLC-AR_2019 | 1,988 | Employment contracts and letters of appointment ED employment contracts and NED letters of appointment are available for inspection at the Company’s registered office during normal hours of business, and at the place of the Company’s 2020 AGM on 26 May from 1.15pm until the close of the meeting. | 48 | annual_report |
de_allianz-AR_2011 | 1,745 | in addition to these fixed income investments, the allianz Group also has non-tradable self-originated residential mortgage loan portfolios mainly in Germany (€ 10.7 bn). as of December 31, 2011, 84.5 % of the German mortgage portfolio is considered to be equivalent to a standard & poor’s investment grade rating based ... | 55 | annual_report |
PosteItalianeSpA-AR_2018 | 6,705 | IT0005215113 Fondo Cbre Diamond Italian-registered, closed-end alternative real estate investment funds | 11 | annual_report |
StorebrandASA-AR_2014 | 615 | The chairman of the Nomination Committee and the other members are elected by the General Meeting. The Articles of Association stipulate that the chairman of the Board of Representatives shall be a permanent member of the Nomination Committee, if the person concerned has not already been elected by the General Meeting.... | 122 | annual_report |
ScorSE-AR_2009 | 730 | The 2009 gross written premium of EUR 3,261 million represents an increase of 5.0 % compared with the 2008 published gross written premium of EUR 3,106 million. The increase in premium was primarily driven by strong January and April renewals coupled with overall increases in prices, which demonstrates SCOR’s ability t... | 57 | annual_report |
HiscoxLtd-AR_2002 | 305 | OPINION In our opinion: • the financial statements give a true and fair view of the state of affairs of the Company and the Group as at 31 December 2002 and of the profit of the Group for the year then ended; and | 43 | annual_report |
StorebrandASA-AR_2019 | 907 | Intangible assets and excess value on purchased insurance contracts 27 6,220 6,106 | 12 | annual_report |
fr_axa-AR_2010 | 6,783 | All of the following paragraphs form an integral part of the Group fi nancial statements. They appear in Section 3.2 “Quantitative and Qualitative Disclosures About Market Risk and Risk | 29 | annual_report |
ASRNederlandNV-AR_2011 | 806 | Non-controlling interest The Non controlling interest relates to the equity in a consolidated subsidiary not attributable, directly or indirectly, to ASR (see chapter 2.4). | 24 | annual_report |
2034 | 1,052 | including such issues as the existence of coverage, the definition of ultimate damages, and the final allocation of such damages to financially responsible parties. | 24 | 10K |
gb_prudential-AR_2012 | 4,826 | Notes on the EEV basis results continued 1 Basis of preparation, methodology and accounting presentation continued | 16 | annual_report |
5923 | 958 | As of December 31, 2020 and 2019, the Company had non-current portion of contract liabilities of nil and $1,049,258, respectively, and current contract liabilities of $1,119,361 and 1,781,975, respectively, related to the Alliance Agreement. | 34 | 10K |
3961 | 1,816 | More recently, since the 1990s, OneBeacon has experienced an increase in claims from commercial insureds, including many non-Fortune 500-sized accounts written during the 1970s and 1980s, who are named as defendants in asbestos lawsuits. As a number of large well-known manufacturers of asbestos and asbestos-containing ... | 107 | 10K |
LloydsBankingGroupPLC-AR_2009 | 5,013 | The movement in the acquired value of in-force non-participating investment contracts over the year is as follows: £m £m | 19 | annual_report |
3831 | 3,402 | Upon completion of each quarterly review, our actuaries select indicated reserve levels based on the results of the actuarial methods described previously, which are the primary consideration in determining management’s best estimate of required reserves. However, in making its best estimate, management also considers ... | 153 | 10K |
3986 | 4,643 | SLNY also has a reinsurance agreement, effective May 31, 2007, to assume the net risks of SLHIC’s New York issued contracts. At December 31, 2009 and 2008, SLNY held policyholder liabilities of $30.3 million and $32.8 million, respectively, related to this agreement. In addition, the reinsurance agreement increased rev... | 90 | 10K |
1897 | 362 | The decrease in voluntary commercial lines direct premiums written is consistent with the actions undertaken by the Company in the fourth quarter of 2001 to exit certain classes of commercial insurance, thereby reducing direct premiums written in business segments that it believes do not provide the opportunity to earn... | 139 | 10K |
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