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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 related to our new claims processing system over its expected five year useful life. | 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 all required information for the validation of models (for instance model documentation and validation reports), which information is prepared by the validation board that assures the quality of the validation process. The chairman of the Model Validation Committee is the CRO. | 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 beneficiary of any of these VIEs at December 31, 2012. As a result, the Company has not consolidated PartnerRe Finance A LLC, PartnerRe Finance B LLC and PartnerRe Finance II Inc., and has reflected the debt issued by the Company related to the Senior Notes and CENts as liabilities in the Consolidated Balance Sheets (see Note 10). The interest on the debt related to the Senior Notes and CENts is reported as interest expense in the Consolidated Statements of Operations. | 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 uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset, also known as current replacement cost. Valuation techniques used to measure fair value are to be consistently applied. | 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 to the unprecedented market turmoil. Wholesale Banking therefore increased its focus on reducing expenses, improving capital efficiency and controlling risk. ING’s commitment to being a full-service bank supported its market penetration, lead bank standing, and landmark deal participation in its home markets. | 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 investments in affiliated companies, recognised at fair value, derive mainly from the first-time consolidation of companies, which are consequently no longer shown in the reconciliation. the following table presents the reconciliation from the beginning balances to the ending balances for investments allocated to level 3. | 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 corridor approach to pensions accounting and consequently does not recognise actuarial losses of £2,936 million (2008: £267 million). The defined benefit pension schemes’ gross deficit totalled £3,555 million (2008: £1,924 million) representing the difference between the schemes’ liabilities and the fair value of the related assets at the balance sheet date. | 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 December 31, 2014 and 2013, respectively. At December 31, 2014 Ambac Assurance’s surplus as regards to policyholders was at the Minimum Surplus and therefore $149,482 of the Segregated Account’s insurance liabilities were not assumed by Ambac Assurance under the Reinsurance Agreement. Statutory capital and surplus differs from stockholders’ equity determined under GAAP principally due to statutory accounting rules that treat loss reserves, consolidation of subsidiaries, premiums earned, policy acquisition costs and deferred income taxes differently. Additionally, Fresh Start accounting is not applicable under statutory accounting principles. | 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 biggest companies, Tryg and Vesta. Marine customers alone account for an annual premium volume of DKK | 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 capitalization. The DCF model utilizes historical and projected operating results and cash flows, initially driven by estimates of changes in future revenue levels, and risk-adjusted discount rates. Our projected operating results are primarily driven by anticipated mortgage originations, which we obtain from projections by industry experts. Fluctuations in revenues, followed by our ability to appropriately adjust our headcount and other operating expenses, are the primary reasons for increases or decreases in our projected operating results. For example, in our current projections, a change of 5% in revenues in year one of our projections would result in an estimated $4.1 million change in pretax operating results and could potentially change the fair value of our title reporting unit by $23.2 million. Our market-based valuation methodologies utilize (i) market multiples of earnings and/or other operating metrics of comparable companies and (ii) our market capitalization and a control premium based on market data and factors specific to our corporate governance structure. As a result of current market conditions, overall market volatility, including our market capitalization and our operating results, we updated our evaluation of goodwill through December 31, 2008. Based upon our updated evaluation, we have concluded that our goodwill is not impaired as of December 31, 2008. However, to the extent that our future operating results are below our projections, or in the event of continued adverse market conditions, a future review for impairment may be required. | 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 transferred from this reserve to retained earnings. These properties are depreciated down to their estimated residual values over their useful lives. All other items classed as property and equipment within the statement of financial position are carried at historical cost less accumulated depreciation. | 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% voting interest or when the Company exercises significant influence over the entity. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for under the cost method when the Company owns less than a 20% voting interest and does not exercise significant influence. | 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 experience. Variances of more than 5% above the target amount will result in CMS making additional payments to us, and variances of more than 5% below the target amount will require us to refund to CMS a portion of the premiums we received. Risk corridor payments due to or from CMS are estimated throughout the year as if the annual contract were to terminate at the end of the reporting period, and are recognized as adjustments to premium revenues and other payables to government partners. This estimate provides no consideration of future pharmacy claims experience, but does require us to consider factors that may not be certain, including: membership, risk scores, prescription drug events, or PDEs, and rebates. Approximately nine months after the close of the annual plan year, CMS reconciles actual experience to the target amount and any differences are settled between CMS and our plans. Historically, we have not experienced material adjustments related to the CMS settlement of the prior plan year risk corridor estimate. | 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 property and casualty insurance reporting unit was less than its carrying amount. As a result, the Company recorded an impairment loss to goodwill of $34.2 million for the year ended December 31, 2020. For 2019 and 2018, the Company performed quantitative impairment tests and determined that the fair value of its property and casualty insurance reporting unit exceeded the carrying amount and, therefore, no additional analysis was required. | 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 sheet represents those contracts classified as insurance contracts which do not satisfy the criteria of financial instruments for which estimated fair value is to be disclosed. | 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 for each calendar year beginning on or after January 1, 2014. A health insurer's portion of the annual fee is payable by September 30 of the applicable calendar year once the entity provides health insurance for any U.S. health risk in that year. The accounting guidance specifies that the liability for the fee should be estimated and recorded in full in the applicable calendar year in which the fee is payable. We adopted this guidance as of January 1, 2014. The adoption of this guidance did not have a significant impact on our financial position or results of operations. | 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 prices or with the assistance of an independent third-party using a discounted cash flow approach and the third party’s proprietary pricing models. In addition to market information, models also incorporate transaction details, such as maturity of the instrument and contractual features designed to reduce the Company’s credit exposure, such as collateral rights as applicable. | 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 31.4%, and no. 1 in solidarity employee savings plans with a market share of 54.6% (source: Finansol 2009). Natixis is the fi rst employee savings manager to offer a socially-responsible capital-protected mutual fund. It has also produced the fi rst extra-fi nancial management report on socially-responsible savings plans. | 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 (short-term or long-term), exchange rates, prepayment rates, equity rates, or credit ratings/spreads. | 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 COVID-19 global pandemic has severely impacted the global economy and financial markets, which has had a material adverse effect on our non-investment grade portfolio, in particular. If we require significant amounts of cash on short notice in excess of our anticipated cash requirements, we may have difficulty selling these investments in a timely manner or may be forced to sell or otherwise liquidate them at unfavorable values. | 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 and are carried at fair value. The difference between amortized cost and fair value, net of deferred income taxes and related life and annuity deferred policy acquisition costs (“DAC”), deferred sales inducement costs (“DSI”) and reserves for life-contingent contract benefits, is reflected as a component of AOCI. Cash received from calls and make-whole payments is reflected as a component of | 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 current. | 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: Exchange rate at reporting date 31.12.2017 31.12.2016 | 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 supervisors review individual case reserves greater than $35,000 that were established by field claims representatives. Headquarters claims managers also review case reserves greater than $100,000. | 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 were to decline, we would be required to pledge additional eligible assets in order to meet minimum required collateral amounts against these liabilities. To mitigate these risks, we seek to maintain cash and liquidity resources that we believe will be sufficient to make all payments due on our obligations and to meet other financial requirements, such as posting collateral. Contingent liquidity resources include: (1) sales of invested assets exposed to credit spread stress risk, which may occur at losses; (2) termination and settlement of interest rate swap agreements; and (3) accessing the capital markets. These actions, if taken, are expected to result in either additional liquidity or reduced exposure to adverse credit spread movements. There can be no assurance that these actions will be sufficient to fully mitigate this risk. Information concerning our credit spread sensitivity appears in Part II, Item 7A, “Quantitative and Qualitative Disclosures about Market Risk.” | 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 notifications have been made during 2007. | 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 million compared to realized investment gains of $.2 million for 1996. This increase reflected higher sales activity within the portfolio due to the Company's desire to maintain a certain duration of the investment portfolio. As of December 31, 1997 and 1996, the yields to maturity on the investment portfolio were 5.6% and 5.8%, respectively, and the average durations of the investment portfolio were 6.3 years and 6.4 years, respectively. | 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, he was also a Trustee of JMB Group Trust I, JMB Group Trust II, JMB Group Trust III, JMB Group Trust IV and JMB Group Trust V, which until that time has been advised by an affiliate of the Investment Adviser. Mr. Bluhm has been associated with JMB since August 1970. He is a member of the Bar of the State of Illinois and is a Certified Public Accountant. Burton E. Glazov, 57, Director of JMB, was until December 1990 also Executive Vice President of JMB. Mr. Glazov has been associated with JMB since June 1971. He is member of the Bar of the State of Illinois and is a Certified Public Accountant. | 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 management included debt securities of $99 million with maturities of less than one year, $813 million with maturities of one to five years, $464 million with maturities of five to 10 years and $323 million with maturities of more than 10 years. | 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 particular on an open architecture approach, fi nancial engineering, innovative optimization and asset structuring, tailor-made lending solutions, life insurance products, mutual products and structured products with a guaranteed or protected capital feature. | 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 at Swiss Life Holding. | 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 following sections. | 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 issuance. However, the unamortized balance of DAC reflects actual persistency. As presented in the following table, the ratio of unamortized DAC to annualized premiums in force has been relatively stable for Aflac U.S. and Aflac Japan over the last three years. | 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 to all these gentlemen for their many years of valuable service to our company. | 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 unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.7 years. | 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, or some portion, of the deferred tax assets will not be realized. The valuation allowance is based on all available information including projections of future taxable income from each tax-paying component in each tax jurisdiction, principally derived from business plans and available tax planning strategies. Projections of future taxable income incorporate several assumptions of future business and operations that are apt to differ from actual experience. The valuation allowance is also based on maintaining our ability and intent to hold our U.S. available for sale fixed maturities to recovery. If our assumptions and estimates that resulted in our forecast of future taxable income for each tax-paying component prove to be incorrect, or future market events occur that prevent our ability to hold our U.S. fixed maturities to recovery, an additional valuation allowance could become necessary, which could have a material adverse effect on our financial condition, results of operations, and liquidity. At December 31, 2015, the valuation allowance of $38 million reflects management's assessment that it is more likely than not that a portion of the deferred tax asset will not be realized due to the inability of certain foreign subsidiaries to generate sufficient taxable income. | 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 commitments | 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 pursue additional growth opportunities through building its position in the online insurance aggregator channel, through the bank channels and in the commercial market. The business retains competitive advantage through its market leading brands, low cost operating model and the benefits of scale on its claims costs. | 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 of any such assessments are not known, based on existing knowledge, we believe that such assessments will not have a material effect on our consolidated financial position. MIIF assessed Commerce and Citation $6,304, $8,106 and $4,496 for the years ended December 31, 2004, 2003 and 2002, respectively. These amounts were net of credits for prior year assessments on numerous insurer insolvencies. | 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 deposit more attractive, the impact of the NASD’s notice to members on the sale of index annuities which has created confusion and impediments to sales of index annuities by annuity sales agents who are dual licensed to sell both insurance and securities products and highly competitive pricing from certain competitors. We attribute the increase in 2005 to increased marketing efforts following the completion of our initial public offering in December 2003 and the reduction in deposits ceded to EquiTrust Life Insurance Company, following the suspension of our coinsurance agreement with EquiTrust. See note 5 to our audited consolidated financial statements. | 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. Raiffeisen Bank Polska has operated successfully for years in the area of mutual fund sales. | 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 by decreases in expected payments on an international road transaction and increases in recoveries of expected payments related to insured first-lien RMBS transactions. | 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 available under the revolving credit facility to $197.0 million. The revolving credit facility requires that we comply with various financial ratios and tests and contains covenants, including but not limited to restrictions on new indebtedness, the ability to merge or consolidate, asset sales, capital expenditures and dividends, for which we are in compliance as of December 31, 2001. | 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? Am I happy with how this would be perceived on the outside? | 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 central estimate or within this reserve range. | 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 $44.3 million for reserve strengthening primarily related to an unusually high number of large losses in the Company's excess workers' compensation business. See "2001 Compared to 2000 - Benefits and Expenses." The combined ratio (loss ratio plus expense ratio) for the Company's group employee benefits segment was 94.6% in 2002 and 102.0% (92.9% excluding the reserve strengthening) in 2001. The combined ratio in 2002 reflects the higher levels of reserves which have been established for the Company's excess workers' compensation products due to the high number of large losses in 2001. This combined ratio also reflects the large amount of new business production from the Company's other core group employee benefit products, for which initial reserves have been set at higher levels until actual loss experience emerges. The higher level of premium from LPTs, which carry a higher loss ratio, also contributed to the higher combined ratio in 2002. | 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 developed in conjunction with external advisers due to the characteristics of the scheme. The figures for the total expected return on scheme assets in the following section are stated after deducting investment expenses. | 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 wider Standard Life Group. | 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 inherent uncertainties and the application of management judgment. We will continue to use judgment in evaluating the expected term and volatility related to our own stock-based awards on a prospective basis, and incorporating these factors into the model. | 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 day for our staff is as fun and rewarding as we can make it. | 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 preferred shares are non-cumulative. Holders of the Series D preferred shares will be entitled to receive, only when, as and if declared by the board of directors, non-cumulative cash dividends from the original issue date, quarterly in arrears on the first day of March, June, September and December of each year, commencing on September 1, 2013. To the extent declared, these dividends will accumulate, with respect to each dividend period, in an amount per share equal to 5.50% of the liquidation preference per annum. | 140 | 10K |
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