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NatwestGroupPLC-AR_2014 | 2,248 | • Commercial & Private Banking (CPB), comprising two reportable segments, Commercial Banking and Private Banking. | 15 | annual_report |
SwissReCorporateSolutions-AR_2017 | 747 | On the basis of the work performed, we consider the methods and assumption used by management to be reasonable. We agree with their conclusion that the book values for all investments in subsidiaries are recoverable. | 35 | annual_report |
GjensidigeForsikringASA-AR_2019 | 771 | We have now implemented better sustainability screening of our suppliers and will use the results to ensure that measures are implemented to improve areas identified for improvement, including in relation to the environment, working conditions and satisfactory management and control. | 40 | annual_report |
BeazleyPLC-AR_2019 | 2,454 | Less unearned portion of ultimate losses ($m) – – – – – – – – – (40.8) (640.1) (680.9) | 19 | annual_report |
5886 | 1,076 | The Company implemented a hedge program using fixed income total return swaps to mitigate the interest rate exposure in the ULSG policy statutory liability. | 24 | 10K |
AegonNV-AR_2006 | 4,745 | Bifurcation is the measurement and presentation of embedded derivatives separate from the host contracts, as if they were standalone derivative fi nancial instruments. | 23 | annual_report |
ScorSE-AR_2019 | 3,790 | The registration of shares in the bearer share accounts held by the authorized financial intermediary shall be demonstrated by a certificate issued by the latter, which must be attached to the remote voting form, to the proxy voting form, or to the request for an entry card completed in the shareholder’s name or on behalf of the shareholder represented by an authorized intermediary. | 63 | annual_report |
5336 | 667 | Gross margin from operations increased to 18.3% in 2016 from 15.4% in 2015. | 13 | 10K |
4921 | 2,933 | The Company maintains defined benefit plans that cover certain employees as follows: | 12 | 10K |
4082 | 1,619 | procedures in place regarding counterparties, including review and approval of the counterparty and the Company’s exposure limit, collateral posting requirements, collateral monitoring and margin calls on collateral. The Company manages counterparty credit risk on an individual counterparty basis through master netting arrangements covering derivative transactions in the Investment Management Services and Corporate operations. These agreements allow the Company to contractually net amounts due from a counterparty with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or termination in the event either the Company or the counterparty is downgraded below a specified credit rating. The netting agreements minimize the potential for losses related to credit exposure and thus serve to mitigate the Company’s nonperformance risk under these derivatives. | 144 | 10K |
HannoverRueckSE-AR_2019 | 3,943 | Hannover Life Reassurance Company of America (Bermuda) Ltd. Purvis House, First Floor 29 Victoria Street Hamilton, HM 10 | 18 | annual_report |
LloydsBankingGroupPLC-AR_2020 | 4,607 | Financial statements 46. Contingent liabilities, commitments and guarantees 295 47. Structured entities 297 48. Financial instruments 298 49. Transfers of financial assets 311 50. Offsetting of financial assets and liabilities 312 51. Financial risk management 314 52. Consolidated cash flow statement 332 53. Future accounting developments 334 | 47 | annual_report |
3617 | 1,285 | (xv) settlement of tax liabilities for amounts that differ significantly from those recorded on the balance sheets; | 17 | 10K |
4441 | 423 | Interest expense - was $47.2 million and $51.8 million for the twelve-month periods ended December 31, 2011 and 2010, respectively. The $4.6 million decrease was primarily due to a decrease in interest expense related to unrecognized tax benefits during the twelve-month period ended December 31, 2011, as compared to the twelve-month period ended December 31, 2010 along with the maturity and payment of certain of the Company’s demand notes to affiliates in 2011. For further details on the maturity and payment of the demand notes, refer to Note 3 of the Company’s consolidated financial statements, presented in Part II, Item 8 of this annual report on Form 10-K. | 108 | 10K |
1100 | 261 | The Company's net income and capital and surplus, as determined in accordance with statutory accounting principles and practices for December 31 are as follows (unaudited): | 25 | 10K |
HelvetiaHoldingAG-AR_2013 | 2,302 | Current income tax assets 0.1 17.8 – – 17.9 as of 31.12.2012 CHF EUR USD Others Total in CHF million adjusted adjusted adjusted | 23 | annual_report |
2375 | 3,243 | Our contractual obligations and commercial commitments as of December 31, 2004 by maturity follow: | 14 | 10K |
AegonNV-AR_2005 | 1,052 | AEGON Hungary also provides asset management services through its subsidiary, AEGON Hungary Investment Fund Management Company. It offers six mutual funds to the public: domestic bond, domestic equity, international bond, international equity, money market, and a mixed fund. AEGON Hungary Investment Fund Management Company manages the assets in the general account portfolio of AEGON Hungary, the unit-linked portfolios and AEGON Hungary Pension Funds. It also provides asset management services to third parties. AEGON Hungary Investment Fund Management Company is responsible for all the investment activities in Hungary and the Central Eastern European region. | 93 | annual_report |
5291 | 1,402 | Reinsurance recoverables related to medical claims are included in premium and related receivables. Changes in estimates of incurred claims for prior years are primarily attributable to reserving under moderately adverse conditions. Additionally, as a result of minimum HBR and other return of premium programs, approximately $39 million, $47 million, and $26 million of the “Incurred related to: Prior years” was recorded as a reduction to premium revenues in 2016, 2015 and 2014, respectively. Further, claims processing initiatives yielded increased claim payment recoveries and coordination of benefits related to prior year dates of service. Changes in medical utilization and cost trends and the effect of medical management initiatives may also contribute to changes in medical claim liability estimates. While the Company has evidence that medical management initiatives are effective on a case by case basis, medical management initiatives primarily focus on events and behaviors prior to the incurrence of the medical event and generation of a claim. Accordingly, any change in behavior, leveling of care, or coordination of treatment occurs prior to claim generation and as a result, the costs prior to the medical management initiative are not known by the Company. Additionally, certain medical management initiatives are focused on member and provider education with the intent of influencing behavior to appropriately align the medical services provided with the member's acuity. In these cases, determining whether the medical management initiative changed the behavior cannot be determined. Because of the complexity of its business, the number of states in which it operates, and the volume of claims that it processes, the Company is unable to practically quantify the impact of these initiatives on its changes in estimates of IBNR. | 277 | 10K |
5034 | 2,166 | Pursuant to the terms of the Implementation Agreement, the Catlin Acquisition was implemented by way of a scheme of arrangement (the "Scheme") under Section 99 of the Companies Act 1981 of Bermuda, as amended (the "Companies Act"), and sanctioned by the Supreme Court of Bermuda (the "Court"). Immediately after such Court action, Catlin was merged with and into Green Holdings under Section 104H of the Companies Act, with Green Holdings as the surviving company, pursuant to the terms of that certain Merger Agreement, dated January 9, 2015 (the "Merger Agreement"), among XL-Ireland, Green Holdings and Catlin. | 96 | 10K |
2601 | 1,109 | We believe that the operational cash flow of our Health Services segment will not be sufficient to meet our anticipated operational needs for 2005. Therefore, this segment is expected to continue to fund its cash needs through the proceeds of the sale of Standard Life, external borrowings and capital contributions from Standard Management. | 53 | 10K |
Sampoplc-AR_2016 | 3,351 | Dividend-adjusted starting price at 31 Dec. 2016 10.07 16.97 34.16 41.23 | 11 | annual_report |
NatixisSA-AR_2008 | 10,228 | rights attached to these securities in accordance with legal and regulatory requirements, at its sole initiative, setting off the fees for the capital increase ■ | 25 | annual_report |
4082 | 1,518 | In August 2009, the FASB issued ASU 2009-05, “Fair Value Measurements and Disclosures (Topic 820)-Measuring Liabilities at Fair Value,” to clarify that in circumstances in which a quoted price in an active market for the identical liability is not available, the Company should not make an adjustment to fair value for restrictions that prevent the transfer of a liability. The Company adopted this standard as of the fourth quarter of 2009. The adoption of this standard did not have a material effect on the Company’s consolidated balance sheets, results of operations or cash flows. | 94 | 10K |
NatixisSA-AR_2020 | 3,234 | Financial liabilities designated at fair value through profit or loss 208,467 207,837 497 145,687 497 157,143 40,904 | 17 | annual_report |
4430 | 818 | The following table summarizes the net effect of changes in foreign currency exchange rates compared to the U.S. dollar on the percentage change in net premiums written in 2011 and 2010 compared to the respective immediately prior year. | 38 | 10K |
1245 | 203 | INVESTMENT DIVERSIFICATIONS: The Companies' investment policies related to the investment portfolio require diversification by asset type, company, and industry and set limits on the amount which can be invested in an individual issuer. Such policies are at least as restrictive as those set forth by regulatory authorities. The following percentages relate to holdings at December 31, 1999 and December 31, 1998. Fixed maturities included investments in basic industrials (29% in 1999, 26% in 1998), conventional mortgage-backed securities (22% in 1999, 25% in 1998), financial companies (16% in 1999, 19% in 1998), and other asset-backed securities (19% in 1999, 11% in 1998). Mortgage loans on real estate have been analyzed by geographical location with concentrations by state identified as California (12% in 1999 and 1998), Utah (10% in 1999, 11% in 1998), and Georgia (9% in 1999, 10% in 1998). There are no other concentrations of mortgage loans on real estate in any state exceeding ten percent at December 31, 1999 and 1998. Mortgage loans on real estate have also been analyzed by collateral type with significant concentrations identified in office buildings (34% in 1999, 36% in 1998), industrial buildings (33% in 1999, 32% in 1998), retail facilities (19% in 1999, 20% in 1998), and multi-family apartments (10% in 1999, 8% in 1998). Equity securities are not significant to the Companies' overall investment portfolio. | 223 | 10K |
NatixisSA-AR_2011 | 352 | Payment fl ows are processed by specialist subsidiary Natixis Paiements. It handles payment transactions (checks, mass and single transactions, electronic banking, etc.) across the entire range of interbank channels, while also offering affi liated services. Natixis Paiements, a unifi ed payments operator for Groupe BPCE, processes payment fl ows for Banques Populaires, Caisses d’Epargne, major French banking institutions and some 100 other banks and fi nancial establishments. | 67 | annual_report |
StandardLifeAberdeenPLC-AR_2013 | 1,717 | Loans are initially measured at fair value plus directly attributable transaction costs. Subsequently, other than those loans designated as at FVTPL, they are measured at amortised cost, using the effective interest rate (EIR) method, less any impairment losses. Revenue from financial assets classified as loans are recognised in the consolidated income statement on an EIR basis. | 56 | annual_report |
NatwestGroupPLC-AR_2016 | 4,976 | These reductions were predominantly driven by the portfolio sale of non-performing SME lending and buy-to-let mortgages in Ulster Bank RoI in Q4 2016 and related writeoffs. These decreases were offset by the adverse impact of exchange rate movements of £1.0 billion in REIL and £0.5 billion in loan impairment provisions respectively. | 51 | annual_report |
SwissLifeHoldingAG-AR_2004 | 680 | 63Process management The ALM process is managed centrally. The Asset and Liability Management Committee (ALCO), composed of members of the Corporate Executive Board and presided over by the Chief Executive Officer (CEO), sets the parameters. The CEO is responsible for the Group-wide ALM process. At local level, the competent bodies implement the decisions reached at Group level in collaboration with the ALCO at their business unit. All the relevant functions are represented in the ALM process: risk management, investments, actuarial services, product management, distribution and finance. | 86 | annual_report |
de_allianz-AR_2010 | 2,602 | Debt and equity securities included in financial assets held for trading Debt and equity securities included in financial assets held for trading are primarily marketable and listed securities. As of December 31, 2010, the debt securities include € 173 mn (2009: € 31 mn) from public sector issuers and € 373 mn (2009: € 332 mn) from other issuers. | 59 | annual_report |
TopdanmarkAS-AR_2009 | 1,297 | Topdanmark Invest A/S (investment) 160 167 web-postkassen.dk ApS (Consumer service) 0 (2) | 12 | annual_report |
gb_prudential-AR_2009 | 1,029 | The removal and resignation of the Company’s directors is governed by the relevant provisions of the Companies Act 2006, the Combined Code, and the Company’s Articles of Association. | 28 | annual_report |
1089 | 1,008 | Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of AAG and its subsidiaries. Certain reclassifications have been made to prior years to conform to the current year's presentation. Acquisitions and sales of subsidiaries have resulted in certain differences in the financial statements and have affected comparability between years. All significant intercompany balances and transactions have been eliminated. All acquisitions have been treated as purchases. The results of operations of companies since their formation or acquisition are included in the Consolidated Financial Statements. | 85 | 10K |
4997 | 812 | Our reinsurance and insurance subsidiaries analyze, at least quarterly, liabilities for unpaid loss and LAE established in prior years and adjust their expected ultimate cost, where necessary, to reflect favorable or unfavorable development in loss experience and new information, including, for certain catastrophe events, revised industry estimates of the magnitude of a catastrophe. Adjustments to previously recorded liabilities for unpaid loss and LAE, both favorable and unfavorable, are reflected in our financial results in the periods in which these adjustments are made and are referred to as prior accident year loss reserve development. The following table presents the reserves established in connection with the loss and LAE of our reinsurance and insurance subsidiaries on a gross and net basis by line of business. These reserve amounts represent the accumulation of estimates of ultimate loss (including for IBNR) and LAE. | 139 | 10K |
SwissLifeHoldingAG-AR_2015 | 1,764 | Premiums ceded to reinsurers –10 –156 –40 –10 – 0 –217 76 –141 | 13 | annual_report |
SwissLifeHoldingAG-AR_2018 | 3,254 | We examined if the models used in the valuation of actuarially determined future life policyholder benefits are reasonable and in line with financial reporting requirements and industry accepted practice. | 29 | annual_report |
2133 | 464 | The amortized cost and fair value of fixed maturities at December 31, 2003, by effective maturity, follows: | 17 | 10K |
4447 | 2,360 | • For the year ended December 31, 2009, the gain on GMWB derivatives, net, was primarily due to liability model assumption updates related to favorable policyholder experience of $566, the relative outperformance of the underlying actively managed funds as compared to their respective indices of $550, and the impact of the Company’s own credit standing of $154. Additional net gains of $56 resulted from lower implied market volatility and a general increase in long-term interest rates, partially offset by rising equity markets. The net loss on the U.S. macro hedge program was primarily the result of a higher equity market valuation. | 101 | 10K |
1446 | 486 | Physicians' own claims department staff continues to process the run off of the remaining medical professional liability loss and loss adjustment expense claims. As the "run off" continues, overhead costs are being minimized as much as possible. | 37 | 10K |
4956 | 974 | The amount of restricted net assets of United Property & Casualty Insurance Company at December 31, 2014 was $111,529,000. | 19 | 10K |
RaiffeisenBankInternationalAG-AR_2009 | 582 | Funding measures Intensified cooperation among Raiffeisen International, its network banks, and the Group, particularly in regard to managing liquidity, providing funding, and supplying treasury products, made it possible to cope well with the challenges of the market environment again in 2009. Especially in the first half of the year, the liquidity committee set up in 2008 assumed major coordination tasks regarding funding projects for the entire Group. Cooperation with RZB and the network banks was strengthened in the reporting period, both bilaterally and through an international sales network that serves as a virtual platform for financial market products. | 98 | annual_report |
SwissReAG-AR_2009 | 212 | This market environment posed a twofold challenge to industry profitability. The severe recession in the first half of 2009 reduced demand for insurance, while the historically low interest rate environment prevented making up for lower premium income with higher investment returns. | 41 | annual_report |
NatixisSA-AR_2013 | 2,100 | The ITSS-BC risk mapping exercise was conducted for the third time in 2013. This exercise systematically is not automatically included in the annual cycle for setting security goals (security orientation plan) as closely as possible to business line and regulatory requirements. ITSS-BC initiatives are now part of a three-year blueprint. | 50 | annual_report |
1914 | 657 | However, in all following quarters, the ongoing effect of changes in the market occurring in the current quarter will be determined by the difference in beginning of quarter to end of quarter variable account balances. For purposes of this guidance, the change in account values is assumed to correlate with the change in the relevant index. | 56 | 10K |
858 | 568 | Tobacco products - These inventories, aggregating $227.9 and $247.4 at December 31, 1997 and 1996, respectively, are stated at the lower of cost or market, using the last-in, first-out (LIFO) method. | 31 | 10K |
ch_zurich_insurance_group-AR_2015 | 872 | • The Group links variable remuneration awards to key performance factors which include the performance of the Group, the business segments, business units, functions as well as individual achievements. • The Group’s STIP and LTIP used for variable remuneration are linked to appropriate performance criteria and the overall expenditure on variable pay is considered in connection with the Group’s long-term economic performance. • The structure of the LTIP links remuneration with the future development of performance and risk by including features for deferred remuneration. | 84 | annual_report |
ASRNederlandNV-AR_2013 | 578 | Variable pay Of the variable pay component, one-third is determined by an employee’s score on individual targets in a calendar year. The remaining two-thirds are determined by the financial performance of a.s.r. measured in terms of financial results and customer appreciation. At the beginning of every calendar year, employees and their managers agree on individual targets that should be achieved during that year. These targets need to reflect a clear focus on improving our customer appreciation rating. The targets to be achieved in terms of financial results and customer appreciation are adopted annually by the Executive Board and the Supervisory Board. These targets are discussed with, and explained to, the Works Council before they are adopted. Variable pay is a percentage of basic annual pay. | 125 | annual_report |
AegonNV-AR_2010 | 3,427 | EUR 500 million Medium-Term Notes 4.125% December 8 2004 / 14 521 507 | 13 | annual_report |
SwissLifeHoldingAG-AR_2008 | 369 | An additional scenario-based ALM process was conducted in the fourth quarter of 2008 so that the latest data could be used to set the risk capacity and risk appetite. This provided the basis for adjusting the investment strategy (strategic asset allocation) and the bonus allocation to policyholders to ref lect the prevailing situation. | 53 | annual_report |
AvivaPLC-AR_2014 | 1,285 | Committee role and responsibilities — The committee assists the Board by regularly reviewing the composition of the Board and conducting a rigorous and transparent process when recommending or renewing the appointment of directors to the Board. The main responsibilities of the committee are to: • Evaluate and review the structure, size and composition of the Board including the balance of skills, knowledge, experience and diversity of the Board, taking into account the Company’s risk appetite and strategy | 77 | annual_report |
RaiffeisenBankInternationalAG-AR_2005 | 1,182 | Pure trading in financial instruments is centrally controlled and subject to strictly monitored limits. In addition, Raiffeisen International has a portfolio of medium-term and long-term financial investments. | 27 | annual_report |
DirectLineInsuranceGroupPLC-AR_2020 | 1,734 | The Board remains committed to progressing women into senior roles and aims to increase female representation at executive level through associated development programmes for high-potential females. As at 31 December 2020, female representation at Executive Committee level and their direct reports was 45.7%. | 43 | annual_report |
fr_axa-AR_2009 | 6,297 | Please refer to pages 206 to 208 of the “Quantitative and Qualitative | 12 | annual_report |
1379 | 416 | The principal and accrued interest of notes receivable from shareholders at December 31, 2000 and 1999 have been reflected as a reduction of shareholders' equity. | 25 | 10K |
3180 | 548 | When the sale of a loan is not classified as a true sale pursuant to the criteria established by SFAS 140, the sale is classified as a secured borrowing, no gain on sale is recognized, and the note receivable and the corresponding payable under participation agreement remain on the balance sheet. | 51 | 10K |
INGGroepNV-AR_2014 | 4,069 | Gross amounts of recognised financial assets offset in the balance sheet | 11 | annual_report |
5671 | 1,305 | The tax expense of $24 million in 2019 was principally due to the geographic distribution of pre-tax income with the expense being driven by pre-tax income generated in our U.S. and European operations, partially offset by pre-tax losses in our U.K. operations. | 42 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009 | 2,447 | Participating interests 298 pension provisions 43 ff. picc asset Management company ltd. (paMc) 119 premium 86, 92 ff. | 18 | annual_report |
5034 | 1,574 | Our general investment and financing operations are reflected in Corporate and Other. In addition, results of our Run-Off Life Operations are reported within "Corporate and Other." We ceased writing new life reinsurance contracts in 2009 and, since that time, have been managing the run-off of our life reinsurance operations. | 49 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010 | 110 | What does Munich Re have to do with power generation in North Africa? And why is Munich Re concerning itself with off shore oil drilling? Legit imate questions, answered by Munich Re CEO Nikolaus von Bomhard. | 36 | annual_report |
Sampoplc-AR_1999 | 440 | menr , non-life insurance + bonu es and rebates, life insuril'nce | 11 | annual_report |
5278 | 1,209 | Valuation allowances on mortgage loans are established based upon inherent losses expected by management to be realized in connection with future dispositions or settlement of mortgage loans, including foreclosures. The Company establishes valuation allowances for estimated impairments on an individual loan basis as of the balance sheet date. Such valuation allowances are based on the excess carrying value of the loan over the present value of expected future cash flows discounted at the loan’s original effective interest rate, the value of the loan’s collateral if the loan is in the process of foreclosure or is otherwise collateral-dependent, or the loan’s market value if the loan is being sold. Non-specific valuation allowances are established for mortgage loans based upon several loan factors, including the Company’s historical experience for loan losses, defaults and loss severity, loss expectations for loans with similar risk characteristics and industry statistics. These evaluations are revised as conditions change and new information becomes available. In addition to historical experience, management considers qualitative factors that include the impact of changing macro-economic conditions, which may not be currently reflected in the loan portfolio performance, and the quality of the loan portfolio. | 191 | 10K |
5798 | 1,472 | premium; however, the amounts of fees charged are not dependent on the amount or period of insurance coverage provided and do not entail any obligation to return any portion of those funds. The costs associated with generating fee income are not separately tracked. | 43 | 10K |
RaiffeisenBankInternationalAG-AR_2018 | 3,537 | The integrated stress test focuses primarily on the tier 1 ratio at the end of the multi-year observation period. It should not fall below a sustainable level, meaning that is should not require the bank to substantially increase capital or to significantly reduce its business activities. The current minimum amount of tier 1 capital is therefore determined by the size of a potential economic downturn. The downturn scenario assumed incorporates recognition of the necessary loan loss provisions and potential pro-cyclical effects (which increase the minimum regulatory capital requirement) along with the impact of foreign exchange rate fluctuations and other valuation and earnings effects. | 103 | annual_report |
ASRNederlandNV-AR_2009 | 1,115 | Non-life insurance premiums Non-life insurance premiums are accounted for in the period in which the premiums were earned. invoiced but not yet earned premiums are included under the obligations arising from insurance contracts as explained in chapter 2.28. | 38 | annual_report |
2032 | 438 | (c) Income tax payments by TRH totaled $29,962,000, $27,702,000 and $47,594,000 in 2002, 2001 and 2000, respectively. | 17 | 10K |
822 | 181 | Berkshire's management continues to believe that, eventually, a large catastrophe event will occur that will produce a significant loss to the Insurance Group, although the timing of the loss cannot be predicted. The Insurance Group's exposure to loss from a single event with respect to in-force policies at year end 1997 is estimated at approximately $600 million after-tax. Accordingly, periodic underwriting results remain subject to extreme volatility. Berkshire's management is willing to accept such volatility provided there is a reasonable prospect of long-term profitability. | 84 | 10K |
de_allianz-AR_2018 | 1,886 | Furthermore, the risk capital reflecting the risk profile and the cost of capital is an important aspect considered in business decisions. | 21 | annual_report |
2741 | 10,821 | In December 2005, the Company issued 38.9 million ordinary shares at a price of $65.0 per share to support capital requirements subsequent to the insured hurricane losses during the 2005 Atlantic hurricane season and the conclusion of the loss related to the independent actuarial process with Winterthur Swiss Insurance Company. The net proceeds from this issuance was $2.4 billion. | 59 | 10K |
4295 | 796 | There are no individual issuers rated below investment grade in the RMBS sector which have unrealized loss positions greater than $0.2 million. | 22 | 10K |
2976 | 1,130 | As of December 31, 2006, aggregate future minimum lease payments, net of expected sub-lease receipts, under operating leases are as follows (in thousands): | 23 | 10K |
PhoenixGroupHoldingsPLC-AR_2012 | 1,846 | Profit/(loss) for the year before tax 323 (4) Non-cash movements in profit for the year before tax | 17 | annual_report |
AvivaPLC-AR_2009 | 1,808 | Remuneration and benefits As described in this Report the operation of the ABP, the OATTV Plan and LTIP is at the Company’s discretion and, in the case of the long-term savings plans, at the trustees’ discretion. | 36 | annual_report |
StandardLifeAberdeenPLC-AR_2016 | 3,230 | (c)(v)(ii) Financial liabilities designated at FVTPL The Group has designated unit linked non-participating investment contract liabilities as at FVTPL. As the fair value of the liability is based on the value of the underlying portfolio of assets, the movement, during the period and cumulatively, in the fair value of the unit linked non-participating investment contract liabilities, is only attributable to market risk. | 62 | annual_report |
1431 | 220 | General and Administrative Expenses. General and administrative expenses increased from $204.1 million in 1998 to $266.3 million in 1999, an increase of $62.2 million, or 30.5%. This increase in expense was primarily due to $19.1 million of expenses incurred in connection with providing management services to the personal lines business previously managed by MCC, $18.0 million of expenses related to a project to implement a new financial accounting and reporting system for the Company and the P&C Group and a $4.6 million increase in expenses resulting from outsourcing the management of the Company's investment portfolios beginning in July 1998. The remaining increase is primarily due to higher business levels. | 109 | 10K |
2861 | 1,736 | The increase in U.S. treaty includes $55.4 million in respect of three contracts written by our structured risk team. In 2004, the gross premiums written increased by 52.8% compared to 2003. We saw an increase of $154.4 million in 2004 largely due to increases in U.S. casualty, although U.S. auto liability business written through WU Inc. in 2003 was discontinued in 2004 and we are no longer writing automobile reinsurance of this type. | 73 | 10K |
NatwestGroupPLC-AR_2014 | 3,835 | Conduct risk 185 Sources of risk 185 Key developments in 2014 186 Controls and assurance 186 Risk appetite 186 Risk monitoring and measurement | 23 | annual_report |
5866 | 1,461 | The remaining portion of our unearned premiums primarily relates to our long-term care insurance business where the underlying assumptions related to premium recognition are not subject to significant uncertainty. | 29 | 10K |
fr_axa-AR_2003 | 191 | – deals with any issue that needs examining in its opinion, and reports the findings to the Supervisory Board. | 19 | annual_report |
AvivaPLC-AR_2005 | 2,353 | 50 – Risk management policies continued (iii) Market risk Market risk is the risk of adverse financial impact due to changes in fair values of financial instruments from fluctuations in foreign currency exchange rates, interest rates, property prices and equity prices. Market risk arises in business units due to fluctuations in the value of liabilities and the value of investments held. At Group level, it also arises in relation to the overall portfolio of international businesses and in the value of investment assets owned directly by the shareholders. | 88 | annual_report |
5108 | 1,922 | Our investments in ABS at December 31, 2015 consist mainly of CLO debt tranched securities (“CLO Debt”) purchased primarily as new issues during 2013-2015. Of these new issues all had credit ratings of AA or better. We utilize a scenario-based approach to reviewing our CLO Debt portfolio based on the current asset market price. We also review subordination levels of our securities to determine their ability to absorb credit losses of underlying collateral. If losses are forecast to be below the subordination level for the tranche held by us, the security is determined not to be impaired. We have concluded there are no credit losses anticipated for any of our CLO Debt at December 31, 2015. | 116 | 10K |
4743 | 1,196 | The contractual maturities of our investments as of December 31, 2013 are summarized below: | 14 | 10K |
4635 | 670 | As noted above, there was unfavorable loss emergence in 2012 compared with claims development patterns assumed in earlier periods associated with CATA’s Terminated Program Business. Specifically, cumulative losses for this business, which include both loss payments and case reserves, in respect of prior accident years were expected to be lower through December 31, 2012 than the actual cumulative losses through that date. The amount of higher cumulative losses, expressed as a percentage of carried loss and LAE reserves at the beginning of the year, was 3.4 percent. | 87 | 10K |
INGGroepNV-AR_2005 | 236 | ING Mexico aims to continue building a customer-centric organisation with top-performing sales forces, improved channel and client service and disciplined underwriting. | 21 | annual_report |
3902 | 1,042 | In projections using December 31, 2008 data, the methods that use explicit medical cost inflation assumptions included medical cost inflation assumptions ranging from 3.5% to 8.5%. Corresponding medical cost inflation assumptions in prior projections were 3.5% to 8.5% at December 31, 2007 and 3.5% to 9.0% at December 31, 2006. The selection of medical cost inflation assumptions for use in the actuarial methodologies in each of these analyses has been based on observed recent and longer-term historical medical cost inflation in our claims data and in the U.S. economy more generally. The rate of medical cost inflation as reflected in our historical medical payments per claim has averaged approximately 6.5% over the past five to ten years. The rate of medical cost inflation in the general U.S. economy, as measured by the consumer price index-medical care, has averaged approximately 4.0% over the past ten years. | 145 | 10K |
SwissLifeHoldingAG-AR_2010 | 2,332 | Financial liabilities for the account and risk of the Swiss Life Group’s customers – 17 487 – 17 487 | 19 | annual_report |
5512 | 2,351 | Insurance operating costs and other expenses increased 18%, primarily due to the inclusion of two months of expenses for the acquired Aetna's U.S. group life and disability business, state guaranty fund assessments of $20 before tax related to the liquidation of a life and health insurance company and an increase in variable incentive compensation. | 54 | 10K |
67 | 394 | The weighted average assumed discount rates used in determining the actuarial benefit obligations were 8.0% in 1994 and 7.25% in 1993. The rate of assumed compensation increase was 5.0% in 1994 and 1993 and the expected long- term rate of return on plan assets was 8.0% in 1994 and 1993. | 50 | 10K |
AegonNV-AR_2013 | 2,766 | 2.8 Investments for account of policyholders Investments held for account of policyholders consist of investments in financial assets, excluding derivatives, as well as investments in real estate. Investment return on these assets is passed on to the policyholder. Also included are the assets held by consolidated investment funds that are backing liabilities towards third parties. Investments for account of policyholders are valued at fair value through profit or loss. | 69 | annual_report |
3999 | 517 | The benchmark interest rate for the Company’s variable interest rate debt is the London Interbank Offered Rate (“LIBOR”). Due to lower three-month LIBOR rates, interest expense decreased $0.8 million, or 35.2 percent, for 2009 compared to 2008. Interest expense also decreased $0.8 million, or 26.4 percent, for 2008 compared to 2007 due to lower interest rates. Weighted average debt outstanding was $30.9 million for each of these periods. The weighted average interest rate for 2009, 2008 and 2007 was 4.3%, 6.4% and 8.7%, respectively. | 84 | 10K |
5614 | 1,190 | In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The amendments in this ASU introduce broad changes to accounting for credit impairment of financial instruments. The primary updates include the introduction of a new current expected credit loss ("CECL") model that is based on expected rather than incurred losses and amendments to the accounting for impairment of fixed maturity securities available for sale. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. We are still evaluating the effect this new guidance will have on our consolidated financial statements and related disclosures and have not yet concluded on its effects. We do not plan to early adopt the standard. | 149 | 10K |
Sampoplc-AR_2006 | 938 | Intangible assets with finite useful lives are measured at historical cost less accumulated amortisation and impairment losses. Intangible assets are amortised on a straight-line basis over the | 27 | annual_report |
713 | 222 | Total expenses for 1996 were $12,592,000 compared to $17,375,000 in 1995. Excluding the previously described one-time charges of $884,000 in merger-related expenses and $750,000 net loss on a marketing agreement, total expenses for 1996 would have been $10,958,000, a decrease of $6,417,000 or 37%, when compared to 1995 expenses. This drop in total expenses is primarily attributable to the following: | 60 | 10K |
DirectLineInsuranceGroupPLC-AR_2017 | 2,791 | Profit for the year 50.6 764.9 Adjustments for: Investment return (182.5) (829.4) Finance costs 124.6 46.9 Impairment of loans to share trusts 16.8 16.8 Tax credit (15.9) (0.5) | 28 | annual_report |
2192 | 680 | In December 2002, the FASB issued SFAS No. 148, “Accounting for Stock-Based Compensation-Transition and Disclosure”. This statement is effective for 2003 and amends SFAS No. 123, “Accounting for Stock-Based Compensation” by providing alternative methods of transition for a voluntary change to the fair value based method of accounting for stock-based employee compensation. In addition, SFAS No. 148 requires additional disclosures related to the effect of stock-based compensation on reported results. Vesta has adopted the disclosure provisions of SFAS No. 148 and has determined the Company will continue to account for stock-based compensation based on Accounting Principles Board Opinion No. 25. | 100 | 10K |
NatixisSA-AR_2009 | 1,076 | The deterioration in the economic backdrop has weighed on overall activity, with varying situations in different markets, but Natixis remains the leading guarantee insurance company in France, with outstanding guarantees up 8% at €58 billion. | 35 | annual_report |
fr_axa-AR_2010 | 4,030 | IFRS standards. This is an historical value at the date of grant, calculated for accounting purposes as described in | 19 | annual_report |
AegonNV-AR_2015 | 3,863 | In addition, Aegon also makes use of cross currency swaps to convert variable or fixed foreign currency cash flows into fixed cash flows in local currencies. The cash flows from these hedging instruments are expected to occur over the next 12 years. These agreements involve the exchange of the underlying principal amounts. | 52 | annual_report |
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