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PosteItalianeSpA-AR_2020
4,093
Total Fuel emissions from non-renewable sources – Scope 1 (tSO2)* 38.92 52.22
12
annual_report
4956
765
We capitalize certain direct development costs associated with internal-use software. We expect to amortize the capitalized software costs related to our new policy administration system and data warehouse over their expected five year useful lives. During the second quarter of 2014, we began amortizing the costs relat...
60
10K
3644
725
Quoted prices for identical instruments in active markets. Such prices are obtained from third party nationally recognized pricing services. Level 1 securities primarily include publicly traded common stock, nonredeemable preferred stocks and treasury securities.
34
10K
NatwestGroupPLC-AR_2020
5,852
9, increased repurchase demands, higher costs, additional write-downs and losses for
11
annual_report
5533
1,613
(a) Includes the impact of a $460 million provisional charge related to the enactment of U.S. tax reform.
18
10K
ASRNederlandNV-AR_2016
3,682
Model Validation Committee The model validation committee is a subcommittee of the Financial Risk Committee and is responsible for the execution and update of the model validation policy and for the approval of existing or newly developed validated models before taken into use. The Model Validation Committee receives a...
89
annual_report
4667
1,390
The Company also has three indirect 100% owned subsidiaries, PartnerRe Finance A LLC, PartnerRe Finance B LLC and PartnerRe Finance II Inc., that are considered to be VIEs, which were utilized to issue the Company’s Senior Notes and Capital Efficient Notes (CENts). The Company determined that it was not the primary ben...
131
10K
4636
1,213
ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach...
107
10K
4508
911
The following table sets out revenues, operating income, organic commissions and fees growth and operating margin for the three years ended December 31, 2011(in millions, except percentages):
27
10K
4880
1,194
The following table summarizes activity related to stock options outstanding and exercisable during the years ended December 31, 2014 and 2013.
21
10K
ch_zurich_insurance_group-AR_2011
1,979
Credit contracts: OTC Credit Default Swaps 130 30 – 160 – (1) 432 2 –
15
annual_report
INGGroepNV-AR_2008
450
Wholesale Banking achieved a solid commercial performance in what was an extremely challenging year for the industry. Income remained fairly resilient, with good income growth in many businesses. However, overall results were negatively affected by the global financial crisis, especially in the second half of 2008 due ...
89
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_1999
152
Prof. Dr. rer. nat. Henning Kagermann (from 22nd July 1999) Co-Chairman of the Executive Board and Chief Executive Officer of SAP AG
22
annual_report
gb_prudential-AR_2008
3,641
Service cost – current charge only (19) (19) Curtailment credit 14 14 Interest cost (39) (39) Expected return on plan assets 26 11 37 37
25
annual_report
SwissLifeHoldingAG-AR_2017
81
GROSS WRITTEN PREMIUMS, POLICY FEES AND DEPOSITS RECEIVED 18 565 17 366 7%
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,466
the only investments held for trading that are allocated to level 3 are derivatives with the corresponding hierarchy-level allocation. changes during the year under review largely derive from a positive change in the market value and subsequent sale of a catastrophe bond. the transfers out of level 3 in the case of inv...
97
annual_report
gb_lloyds_banking_grp-AR_2009
4,119
PENSIONS The net liability recognised in the balance sheet at 31 December 2009 in respect of the Group’s retirement benefit obligations was £780 million (2008: £1,771 million) of which £619 million (2008: £1,657 million) related to defined benefit pension schemes. As explained in note 2(L), the Group adopts the corrido...
100
annual_report
5611
1,183
The following table represents the Company’s in-force life insurance at December 31, 2018 and 2017:
15
10K
4882
1,209
Ambac Assurance’s statutory policyholder surplus and qualified statutory capital were $100,000 and $268,353 at December 31, 2014, respectively as compared to $840,262 and $905,065 as of December 31, 2013, respectively. The Segregated Account reported statutory policyholder surplus of $239,280 and $442,639 as of Decembe...
129
10K
SwissLifeHoldingAG-AR_2011
1,462
At 31 December 2011, if the swaption implied volatilities (interest rates) had been 25% higher, the embedded value would have been CHF 709 million lower (2010: CHF 247 million lower).
30
annual_report
TrygAS-AR_2003
349
The customers of the Tryg Vesta Group’s marine and aviation make up a very diverse group, and it takes a broad range of competencies to handle this diversified and specialised portfolio. The Group therefore decided to set up a common marine and aviation department at the end of 2003, uniting competencies across the two...
70
annual_report
3721
565
Our evaluation of goodwill is completed annually in the third quarter using June 30 balances or when events may indicate impairment. This evaluation is based on a combination of a discounted cash flow analysis (DCF) and market approaches that incorporate market multiples of comparable companies and our own market capit...
284
10K
AvivaPLC-AR_2009
2,166
(O) Property and equipment Owner-occupied properties are carried at their revalued amounts, which are supported by market evidence, and movements are recognised in other comprehensive income and taken to a separate reserve within equity. When such properties are sold, the accumulated revaluation surpluses are transferr...
87
annual_report
121
260
Acquisition of EIG through issuance of EIG, Co. preferred stock of $20 million in 1994.
15
10K
5203
2,247
For the period of February 1, 2015 to December 31, 2015 (Successor Company), there were no transfers of securities into Level 3.
22
10K
ch_zurich_insurance_group-AR_2011
3,384
Year of expiry as of December 31, 2011Summary of outstanding options, 2011 as of December 31, 2010Summary of outstanding options, 2010
21
annual_report
ScorSE-AR_2010
284
SCOR remains committed to exploring acquisition opportunities which may present themselves and which would be likely to deliver value for its shareholders and, will rely on the consistent application of its strategic plans.
33
annual_report
4957
600
Voting interest entities (“VOEs”) are those entities that do not qualify as a variable interest entity (“VIE”). The Company consolidates VOEs in which it holds a greater than 50% voting interest. The Company generally accounts for entities using the equity method when it holds a greater than 20% but less than 50% votin...
102
10K
4428
1,264
CMS Risk Corridor-Premiums from CMS are subject to risk sharing through the Medicare Part D risk corridor provisions. The CMS risk corridor calculation compares the target amount of prescription drug costs (limited to costs under the standard coverage as defined by CMS) less rebates in our annual plan bid to actual exp...
218
10K
5834
2,471
In the third quarter of 2020, the Company initiated a plan to sell its property and casualty insurance business, which triggered a goodwill impairment test for the property and casualty insurance reporting unit. Based on the results of the goodwill impairment test, the Company determined that the fair value of the prop...
119
10K
3683
1,898
Separate Account Liabilities - Separate account liabilities included in the table above represent those balances due to policyholders under contracts that are classified as investment contracts. The difference between the separate account liabilities reflected above and the amounts presented in the consolidated balance...
69
10K
INGGroepNV-AR_2003
427
Dividend For 2003, a total dividend of EUR 0.97 per (depositary receipt for an) ordinary share will be proposed to the Annual General Meeting of
25
annual_report
fr_axa-AR_2009
9,475
The Group Governance Standards require the boards of AXA’s principal subsidiaries to establish an Audit Committee and a Compensation Committee in addition to any other Board
26
annual_report
nl_ing_grp-AR_2012
3,819
The largest relative geographic area of growth was Rest of Europe which was mainly due to increased exposure to Private Individuals in Turkey and Poland. Germany was the second region in terms of relative growth which was also due to increased exposure to Private Individuals.
45
annual_report
5104
1,383
Fees paid to the federal government by health insurers: In July 2011, the FASB issued guidance on the accounting for fees owed by health insurers as mandated by the Patient Protection and Affordable Care Act as amended by the Health Care and Education Reconciliation Act, which imposes an annual fee on health insurers f...
152
10K
5007
963
The fixed income funds and equity funds in which we invest have been classified as Level 2 investments because their fair value is estimated using the net asset value provided regularly and because the fixed income funds and equity funds are highly liquid.
43
10K
5472
1,715
Fair value is based on quoted market prices, where available. If listed prices or quotes are not available, fair value is based on either internally developed models that primarily use, as inputs, market-based or independently sourced market parameters, including but not limited to yield curves, interest rates and debt...
103
10K
NatixisSA-AR_2009
1,110
Natixis is also committed to developing solidarity schemes and socially-responsible savings through Natixis Asset Management, which is no. 1 in socially-responsible employee savings plans accredited by the CIES (Comité Intersyndical de l’Épargne Salariale [Inter-Union Employee Savings Committee]) with a market share of...
90
annual_report
INGGroepNV-AR_2003
1,467
Association will this year be brought into line with the best practices detailed in the Code.
16
annual_report
4300
1,335
Embedded derivatives: The Company also has investments in certain fixed maturity instruments, and has issued certain retail annuity products, that contain embedded derivatives whose market value is at least partially determined by, among other things, levels of or changes in domestic and/or foreign interest rates (shor...
57
10K
5097
1,012
The following tables set forth the estimated fair value and gross unrealized losses associated with investment securities that were in an unrealized loss position as of December 31, 2015 and 2014, listed by length of time the securities were in an unrealized loss position.
44
10K
StandardLifeAberdeenPLC-AR_2006
435
The Group’s non-covered business mainly includes the business of Standard Life Bank (SLB), Standard Life Healthcare (SLH), the third party investment management business of SLI as well as other non-life and pensions entities.
33
annual_report
SwissLifeHoldingAG-AR_2005
535
Auditing fees In 2005 the auditing fees credited to PwC by the Swiss Life Group came to CHF 11.3 million (2004: CHF 14.1 million). This includes the fees for reviewing Swiss Life’s half-year accounts.
34
annual_report
5879
1,630
Our investments in certain securities and loans may be illiquid due to contractual provisions or may prove to be illiquid in certain investment market conditions. Changes in general economic conditions could have a material adverse effect on the value and liquidity of the investments in our investment portfolios. The C...
116
10K
SwissReAG-AR_2014
541
Economic indicators 2013–2014 USA Eurozone UK Japan China 1 Yearly average 2 Year-end 3 USD per 100 units of foreign currency Source: Swiss Re Economic Research & Consulting, Datastream, CEIC
30
annual_report
5634
10,195
Fixed income securities include bonds, asset-backed securities (“ABS”), residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”) and redeemable preferred stocks. Fixed income securities, which may be sold prior to their contractual maturity, are designated as available-for-sale an...
96
10K
fr_axa-AR_2000
1,249
Sun Life has strengthened reserves specific to certain annuity contracts, as a result of the decline in yields expected on the assets supported by these products (€15 million).
28
annual_report
4038
533
Other long-term investments also include an operating line of credit agreement in the amount of $27,215 and $71,784 in 2009 and 2008 respectively. The agreement provided EPSI with a $200,000 line of credit maturing August, 2011. The line of credit is at 8.00% with interest and principal payable monthly to BNLAC and is ...
54
10K
HiscoxLtd-AR_2016
1,644
The full audit fee payable for the Syndicate 33 audit has been included above, although an element of this is borne by the third-party participants in the Syndicate.
28
annual_report
HelvetiaHoldingAG-AR_2017
1,339
Financial report Foreign currency translation 4.1 Exchange rates The euro, Swiss franc, British pound and US dollar are the functional currencies in the individual business units of Helvetia Group. The following exchange rates apply to the translation of these financial statements and foreign currency transactions: Exc...
52
annual_report
4465
731
Our field claims representatives establish case reserves when claims are reported to the company to provide for our unpaid loss and loss expense obligation associated with individual claims. Field claims managers supervise and review all claims with case reserves less than $35,000. Experienced headquarters claims super...
70
10K
RaiffeisenBankInternationalAG-AR_2010
367
Markus Mair Third Deputy Chairman Third Deputy Chairman Third Deputy Chairman
11
annual_report
5219
902
Currently, the majority of the cash and securities of MBIA Inc. is pledged against investment agreement liabilities, the Asset Swap and derivatives, which limits its ability to raise liquidity through asset sales. If the market value or rating eligibility of the assets which are pledged against MBIA Inc.’s obligations ...
198
10K
LloydsBankingGroupPLC-AR_2007
1,028
Lloyds TSB Group and its regulated subsidiary banks have been allocated an Individual Capital Ratio by the FSA, and the board has agreed a formal buffer to be maintained in addition to this ratio. Any breaches of the formal buffer must be notified to the FSA, together with proposed remedial action. No such notification...
59
annual_report
SwissLifeHoldingAG-AR_2010
1,520
Disability income and other annuities – deferred 7 556 7 964
11
annual_report
897
459
Net investment income of $18.6 million for 1997 increased by $1.7 million (or 10.3%) over 1996, due primarily to investment of Amerin's net operating cash flows over the course of 1997, which resulted in an increase of 16.1% in the monthly average amount of invested assets. Realized investment gains for 1997 were $1.2 ...
122
10K
163
181
Neil G. Bluhm, 58, President and Director of JMB, is a director of Urban Shopping Centers, Inc., an affiliate of JMB engaged in the business of owning, managing and developing shopping centers, an officer and/or director of various other JMB affiliates and a partner of the Associate Partnerships. Until December 1994, h...
164
10K
SwissReAG-AR_1982
580
Reinsurance premium: ^ Premium paid to ttie ^ rein­ surer by ttie ^ insurer for ttie ^ proportional or ^ nonproportional cover granted by ttie ^ reinsurer.
27
annual_report
2445
801
As of December 31, 2004 and 2003, respectively, debt securities consisted of $809 million and $711 million in U.S. Government and Agency obligations, $20 million and $16 million in state and municipal obligations and $870 million and $1,014 million in corporate obligations. At December 31, 2004, the AARP assets under m...
92
10K
2111
3,292
Total Market Value $ 9,858 .7 $ 9,353 .9 $ 8,878 .7 $ 8,483 .5 $ 8,004 .1
18
10K
2290
578
DHC is organized as a holding company with substantially all of its current operations conducted in the insurance services industry. DHC also has investments in companies engaged in the Marine Services industry which, beginning in 2003, are accounted for under the equity method.
43
10K
NatwestGroupPLC-AR_2013
2,576
Refer to the Reputational risk section on pages 361 and 362 for further information.
14
annual_report
NatixisSA-AR_2006
1,522
“ High value-added fi nancial services„ To address the needs of an ever more demanding clientele, the expertise of Natexis Private Banking Luxembourg SA extends to all banking and fi nancial services. The range of products offered includes discretionary asset management, various types of exclusive management, based in ...
80
annual_report
ch_zurich_insurance_group-AR_2010
2,798
Table 28.1 in USD millionsRelated party transactions included in the Consolidated financial statements
13
annual_report
INGGroepNV-AR_2019
2,272
Supervisory Board members are permitted to hold ING shares as a long-term investment. The table below shows the holdings by members of the Supervisory Board on 31 December 2019, 2018 and
31
annual_report
AvivaPLC-AR_2006
3,502
Board photography by Chris Moyse. Portrait photography by Arnhel de Serra.
11
annual_report
SwissLifeHoldingAG-AR_2019
3,578
Contingent liabilities Swiss Life Holding acts as warrantor for all Swiss Life Ltd liabilities with regard to the various tranches of the subordinated perpetual step-up loans (hybrid debt), which amounted to an equivalent value of CHF 4139 million at the balance sheet date. The guarantees are classified as subordinated...
53
annual_report
AvivaPLC-AR_2013
4,187
Risk and capital management continued performance metric used across the Group. This is embedded in the Group’s business planning process and other primary internal performance and management information processes. Capital is measured and managed on a number of different bases. These are discussed further in the follow...
48
annual_report
2714
833
Under the requirements of SFAS No. 60, certain costs of acquiring new business are deferred and amortized over the policy's premium payment period in proportion to anticipated premium income. Future amortization of DAC is based upon our estimates of persistency, interest, and future premium revenue at time of policy is...
90
10K
gb_prudential-AR_1999
341
Details of conditional awards of shares under the Plan are shown below. These shares are held in trust and represent the conditional awards out of which rights may be granted, as stated above, at the end of the relevant performance period.
41
annual_report
SwissReAG-AR_1992
243
On 31 December 1992, Hans Rudolf Kaufmann, General Manager, retired, as did Charles E. Brooks, Richard R. Doerr, Horst Lüthi and Jean-Claude Mayor, Members of Senior Management. In addition, Jakob Forster, Egon Ritter and Herbert Tiedemann, Members of Senior Man­ agement, retired on 30 June 1993. We are deeply indebted...
64
annual_report
5329
2,228
vesting term. The fair value of the restricted stock grants is determined based on the closing market price on the date of grant. Non-employee directors are treated as employees for accounting purposes.
32
10K
4126
2,052
At December 31, 2009, there was $111 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted stock, restricted stock units, deferred stock and performance shares granted under the Company's 2004 Incentive Plan. The unrec...
58
10K
5649
1,137
The changes in the provision for unpaid losses and loss adjustment expenses for the years ended December 31, 2018 and 2017 is as follows:
24
10K
5157
2,421
At December 31, 2015, our net deferred tax asset was $318 million. Refer to Note 8 to the Consolidated Financial Statements for additional information. At each balance sheet date, management assesses the need to establish a valuation allowance that reduces deferred tax assets when it is more likely than not that all, o...
248
10K
ScorSE-AR_2009
1,490
19.1 page 160 Related party transactions entered into in 2009 as defined articles L.225 - 38 et seq. of the French commercial code 19.2 page 161 Agreements approved in past years, which were continued or terminated in the 2009 financial year 19.3 page 167 Special report of the auditors on related party agreements and c...
55
annual_report
NatwestGroupPLC-AR_2008
745
Strategic review The Group has decided to retain RBS Insurance, reflecting the strength of its franchise as the leading UK personal lines insurer. It provides high quality earnings, which are differentiated from the Group’s banking businesses, providing valuable diversity and strong returns. The business plans to pursu...
92
annual_report
de_allianz-AR_2007
438
At � 765 billion, third-party assets under management recorded net inflows and positive market effects totalling � 62 billion. Offsetting this was � 59 billion of negative foreign currency translation effects.
31
annual_report
TopdanmarkAS-AR_2009
114
Gains on claims provisions on own account 2 26 114 111
11
annual_report
HelvetiaHoldingAG-AR_2017
573
Total variable compensation Board of Directors 700 0001 544 4212 547 000 – 0.5 % 1 fixed compensation incl. additional amount for period from 1 January 2018 to SM (April 2018) 2 2016 retrospective variable compensation
36
annual_report
2375
5,226
It is anticipated that there will be additional assessments from time to time relating to various insolvencies. By statute, no insurer may be assessed in any year an amount greater than two percent of that insurer's direct written premiums for the calendar year preceding the assessment. Although the timing and amounts ...
112
10K
3035
910
Net annuity deposits after coinsurance decreased 35% during 2006 compared to 2005, and increased 63% during 2005 compared to 2004. We attribute the decrease in 2006 to the flat to inverted yield curve interest rate environment that existed throughout the year which made fixed income alternatives such as certificates of...
150
10K
RaiffeisenBankInternationalAG-AR_2009
837
Despite the difficult market environment for leasing business in Poland, Raiffeisen International maintained its position as the third-largest provider in that area in the past year with a portfolio of about € 1.3 billion. In factoring, Raiffeisen International continued to be among the country’s market leaders in 2009...
63
annual_report
5219
1,363
For 2014, losses and LAE primarily related to increases in expected payments on insured first-lien RMBS transactions and CDOs, decreases in projected collections from excess spread within insured second-lien RMBS securitizations and expected recoveries on an international road transaction. These were partially offset b...
66
10K
1937
675
As of December 31, 2002, our investment portfolio also included $11.5 million of other invested assets of which 97% is in two mezzanine bond funds. The remaining aggregate cash call commitments in respect of such investments are $1.1 million.
39
10K
1840
668
In June 2001, we completed a $200 million, five-year amended and restated credit agreement with a syndicate of lenders, which increased our available credit under the revolving credit facility from $65 million to $200 million. As of December 31, 2001, we had a $3.0 million letter of credit, which reduced the amount ava...
110
10K
NatixisSA-AR_2020
8,526
AEW GLOBAL LTD Asset Management FC 60 60 60 60 United Kingdom
12
annual_report
NatwestGroupPLC-AR_2017
2,354
A simple decision-making guide – the “YES check” – has been included in the Code of Conduct. It is a simple set of five questions, designed to ensure RBS values guide day-to-day decisions:  Does what I am doing keep our customers and RBS safe and secure?  Would customers and colleagues say I am acting with integrity?...
71
annual_report
5406
1,079
Operating net income per common share is calculated by dividing non-GAAP operating net income by the weighted average number of common shares and common share equivalents outstanding for each period combined with the impact from dilution of share-based compensation and certain conversion features where dilutive.
45
10K
3964
894
There are several limitations to interpreting reserve ranges. The reserve range represents a range of possible outcomes and while from an actuarial standpoint, a central estimate is considered the expected value over the range of reasonable possible outcomes. There can be no assurance that reserves will develop to this...
56
10K
1947
435
Benefits and Expenses. Policyholder benefits and expenses were $662.4 million as compared to $583.1 million in 2001, an increase of 14%. This increase primarily reflects the increase in premiums from the Company's group employee benefit products discussed above. Benefits and expenses in 2001 include a pre-tax charge of...
197
10K
5512
1,912
impact of a decline in the equity market on the investment portfolio.
12
10K
AvivaPLC-AR_2009
3,459
The overall rates of return are based on the expected returns within each asset category and on current asset allocations. The expected returns for equities and properties have been aligned with the rates used for the longer-term investment return assumptions, other than in the Netherlands, where they have been develop...
82
annual_report
StandardLifeAberdeenPLC-AR_2015
334
Our global reach continues to expand and we now have presence in 27 cities worldwide including our Head Office in Edinburgh and regional hubs in Boston and Hong Kong. As well as our own distribution, we also benefit from leveraging our strategic partner relationships in the US, Canada, India, Asia, Japan and with the w...
58
annual_report
3363
625
for which we have data. We have used judgment in selecting these companies, as well as evaluating the available historical and implied volatility data for these companies. The assumptions used in calculating the fair value of stock-based payment awards represent management’s best estimates, but these estimates involve ...
85
10K
3390
895
Following the acquisition, we are primarily an insurance company and, accordingly, we have reclassified our statements of operations in the unaudited pro forma financial information to conform to GAAP as applied to insurance companies.
34
10K
AdmiralGroupPLC-AR_2006
397
Workplace We believe the happier our staff are, the better they will do their job. This means that we constantly work to improve our staff’s working environment. During 2006 the Group relocated 650 people to brand new offices in Swansea Bay from offices within the town centre. We also try to make sure that the working ...
70
annual_report
1443
337
Loss (gain) on investments, primarily consisting of the gain or loss on the sale of marketable securities, totaled a loss of $11,000 for the year ended December 31, 2000 as compared with a gain of $50,000 in the prior year.
40
10K
3150
1,315
The rights and protections afforded to the holders of our outstanding preferred shares could have a material negative impact on the holders of our common shares.
26
10K
5658
2,998
On May 20, 2013, the Company issued $225 million of 5.50% Series D preferred shares, par value $0.0125 per share, with a liquidation preference of $25.00 per share. The Company may redeem the Series D preferred shares on or after June 1, 2018 at a redemption price of $25.00 per share. Dividends on the Series D preferre...
140
10K