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5647
1,635
general, we continue to use the loss ratio method until we deem it appropriate to begin to rely on the experience of the accident year (“AY”) being evaluated. This weighing in of the AY experience is typically done by employing the Bornhuetter-Ferguson (“BF”) reserving methodology. The BF methods compute IBNR through a...
144
10K
5171
1,116
Additionally, we contract with a third-party actuarial firm to perform a quarterly reserve review and to annually opine on the reasonableness and adequacy of our aggregate loss reserves. We provide our external actuary with our pricing models, reserving analysis and any other data they may request. Additionally, the ac...
186
10K
4446
1,160
We have entered into certain foreign currency forward contracts that are designated as hedges in order to hedge our net investments in foreign subsidiaries. The accounting for the gains and losses associated with changes in fair value of the designated hedge instruments were recorded in other comprehensive income as pa...
177
10K
5722
1,303
Commissions and fees for the year ended December 31, 2019 include $5.5 million, attributable to performance obligations satisfied in a previous reporting period and represent the collection of variable consideration in the transaction price that had been previously constrained.
39
10K
INGGroepNV-AR_2006
1,800
In June 2005, ING Group formed a private equity joint venture to purchase Gables Residential Trust, a U.S.-based real estate investment trust. Gables Residential Trust is a developer, builder, owner and manager of higher-end multifamily properties. ING will provide USD 400 million in equity to fi nance the transaction....
62
annual_report
1478
171
Although it appears that the intensity of price-based competition has somewhat subsided, the Company does not believe that it is in a " hard market." While some of its competitors have recently raised rates or adopted more restrictive rules, those changes have not yet been large enough to redirect the flow of new busin...
76
10K
4962
1,256
During 2014 Montpelier Bermuda incurred $148.2 million in current year net losses and LAE. There were no individually significant known loss events impacting Montpelier Bermuda during 2014, other than $29.7 million of net catastrophe losses recognized in connection with U.S. and European wind and hail storms that occur...
51
10K
NatixisSA-AR_2017
3,561
The Asia-Pacific platform pursued its selective development strategy in all its areas of operation. Most notably, it converted its representative office in Taiwan into a branch in order to be more accessible to clients and offer a more comprehensive range of services. It was also granted a license in Hong Kong to offer...
76
annual_report
AegonNV-AR_2004
1,020
United States (GICs and funding agreements). Both the assets and the liabilities for this business are managed on a floating rate basis, with extensive use of interest rate swaps. As a result, these assets and liabilities, which represent a little over a quarter of the total general account assets and liabilities of AE...
65
annual_report
4770
1,473
For each referenced corporate entity in our corporate CDO transactions, the CDS spreads associated with the term of our transactions (“credit curve”) define the estimated expected loss for each entity (as applied in a market standard approach known as “risk neutral” modeling). The credit curves on individual referenced...
161
10K
fr_axa-AR_2000
2,243
Substantially all of the AXA ADSs were held by U.S. residents. As of February 6, 2001, to the best of AXA’s knowledge based on the information available to it, approximately 14% of AXA’s total outstanding ordinary shares were held by U.S. residents.
42
annual_report
de_allianz-AR_2015
2,930
The sum of the total remuneration of the Allianz SE Board of Management for 2015, including the payments of the MTB 2013 – 2015 and excluding the pension service cost, amounts to € 57 Mn (2014 excluding the notional accruals for MTB 2013 – 2015: € 30 Mn).
48
annual_report
NatixisSA-AR_2008
295
Supervisory Board members whose term of offi ce had expired as of March 6, 2009
15
annual_report
NatwestGroupPLC-AR_2011
5,138
The Group has a right to terminate the APS at any time provided that the Financial Services Authority has confirmed in writing to HM Treasury that it has no objection. On termination the Group must pay HM Treasury the higher of the regulatory capital relief received and £2.5 billion less premiums paid plus the aggregat...
65
annual_report
fr_axa-AR_2011
8,606
Expected return on plan assets and separate assets 5.6% 6.8% 1.3% 7.3%
12
annual_report
5378
1,268
On March 17, 2015, Monarch Holding, a wholly owned subsidiary of Monarch Delaware, the Company’s consolidated VIE, issued a promissory note with a principal amount of $5.0 million bearing 6% annual interest, due March 17, 2021, with interest payable on an annual basis due March 17 each year. The debt was issued to Tran...
84
10K
ScorSE-AR_2010
4,073
All the resulting conclusions and studies of the two processes: Risk Enquiry process and Emerging Risks process are summarised in reports submitted each year to the Chief Risk Officer to agree on further actions to be taken.
37
annual_report
2824
845
Credit Facilities. The Holding Company maintains committed and unsecured credit facilities aggregating $3.0 billion ($1.5 billion expiring in 2009, which it shares with Metropolitan Life and MetLife Funding, and $1.5 billion expiring in 2010, which it shares with MetLife Funding) as of December 31, 2005. Borrowings und...
94
10K
585
536
- The acquired company's compatibility with other Conseco activities that may favorably affect future cash flows.
16
10K
5772
922
Stock Plans - On June 12, 2014, upon approval at the Annual Meeting of Stockholders, we adopted the 2014 Equity Incentive Plan (the “2014 Plan”). The 2014 Plan replaced the 2006 Equity Incentive Plan and 4.5 million shares were authorized for issuance under the 2014 Plan. The 2014 Plan does not include an evergreen pro...
194
10K
5284
1,288
The following tables set forth the types of securities and fair values of the Company's fixed maturity investments, short-term investments and equity securities as of December 31, 2016 and 2015:
30
10K
HiscoxLtd-AR_2012
45
Hiscox Spain gained recognition for Best Workplace 2012 as awarded by Great Place to Work.
15
annual_report
SwissLifeHoldingAG-AR_2016
402
Other appointments: – German-Swiss Chamber of Commerce, Member of the Board
11
annual_report
INGGroepNV-AR_2019
4,065
When performing the retrospective assessment hedges are allowed to pass the assessment even if actual results are outside the 80-125% range, during the period of uncertainty arising from the
29
annual_report
3965
1,398
American National invests primarily in the commercial sector in areas that offer the potential for property value appreciation. Generally, mortgage loans are secured by first liens on income-producing real estate.
30
10K
2020
620
The amortized cost and estimated fair value of invested assets as of December 31, 2002 by contractual maturity were as follows:
21
10K
nl_ing_grp-AR_2014
835
Sustainable transitions financed, year-end 2014 Sustainable transitions financed represents the volume of business that ING conducts with clients and projects that satisfy the following criteria: they provide sustainable solutions and they outperform their sector on environmental and/or social performance. As of yearen...
63
annual_report
5295
2,583
As of December 31, 2016, we have gross deferred tax assets associated with U.S. federal and state net operating losses of $632 million, which will begin to expire in 2022.
30
10K
2757
751
Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “aim,” “projects,” or words of similar meaning and expressions that indicate future events and trend...
88
10K
SwissLifeHoldingAG-AR_2010
1,500
Financial assets held to maturity 178 114 5 051 6 318 – – 5 229 6 432
17
annual_report
3986
1,956
The following table lists the details of notes due to affiliates at December 31, 2009:
15
10K
5673
820
The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Management makes estimates and assumptions that include, but are no...
52
10K
3021
3,099
Assets of VIEs where AIG has a significant variable interest and does not consolidate the VIE because AIG is not the primary beneficiary, approximated at $130.1 billion December 31, 2006. Although expected losses are not expected to be material, AIG’s maximum exposure to loss from its involvement with these unconsolida...
86
10K
PhoenixGroupHoldingsPLC-AR_2019
425
• We focused on addressing adviser feedback� The launch of a new variant of the Offshore bond – featuring Capital Redemption has been well received due to the additional features it offers customers�
33
annual_report
SwissReAG-AR_2006
2,182
The Group has recognised restructuring provisions for the acquired activities of GE Insurance Solutions, which is part of the allocation of the purchase price, and for the existing activities of Swiss Re, which is a charge to earnings.
38
annual_report
2072
2,172
Effective January 1, 2001, the Insurance Department of the State of New York required that insurance companies domiciled in the State of New York prepare their statutory financial statements in accordance with the National Association of Insurance Commissioners' ("NAIC") Accounting Practices and Procedures manual, vers...
65
10K
SwissReAG-AR_2010
1,227
Compensation Committee The Compensation Committee held six regular meetings in 2010. The meetings lasted on average 2.5 hours. Attendance was 90.3% during the reporting year. Besides the committee members and the secretary, the Chief Executive Officer, the Chief Operating Officer and the Head of Human Resources were in...
127
annual_report
5824
3,336
•Change in fair value of contingent consideration earnout liabilities - Earnout liabilities are amounts payable to the sellers of businesses purchased by NSM that are contingent on the earnings of such businesses in periods subsequent to their acquisition. Under GAAP, earnout liabilities are initially recorded at fair ...
70
10K
ScorSE-AR_2017
1,667
(3) BlackRock Inc.’s aggregated number of shares, including BlackRock Institutional Trust Company, amounted to 9,772,590 representing 5.07% of the capital and 5.25% of the voting rights.
26
annual_report
NatwestGroupPLC-AR_2006
317
� Citizens was the No 1 US Small Business Administration (SBA) lender in every market it served during 2006, with nearly 7,000 SBA-backed loans totalling more than US$320 million.
29
annual_report
2797
1,121
Other expenses, which are included in our other operating expenses and part of our corporate and other segment (non-underwriting), were $24.1 million for 2005, compared to $17.2 million for 2004. Such amounts primarily represent certain holding company costs necessary to support our worldwide insurance and reinsurance ...
124
10K
4493
5,590
UTG and its subsidiaries are collectively referred to as (“The Company”). The Company’s significant accounting policies are summarized as follows.
20
10K
1546
202
AIP posted returns on average assets of 1.0% for 2000 and 1999 versus 1.1% in 1998.
16
10K
5846
732
Certain of our debt instruments and the Credit Facility contain various administrative, reporting, legal and financial covenants. We believe we were in compliance with all applicable financial covenants at December 31, 2020.
32
10K
2513
781
Included in the business that is considered to have a long reporting tail is the Company’s exposure to asbestos and environmental claims. The Company’s reserve for unpaid losses and loss expenses as of December 31, 2004
36
10K
NatixisSA-AR_2002
2,245
The new shares shall rank equally with existing shares; they shall have the same rights and be subject to the same provisions of the bylaws and decisions of Shareholder Meetings.The first dividends to which they shall confer entitlement shall be dividends paid out of profits of the year of issue.The listing of the new ...
65
annual_report
StorebrandASA-AR_2011
2,743
The following is a specification of the difference between accounting proft and taxable income for the year: NOK million 2011 2010
21
annual_report
INGGroepNV-AR_2003
1,057
OPERATIONAL RISK ING’s policy is to manage operational risks through clear governance, an embedded operational risk management function, and the implementation of comprehensive operational risk identification, measurement, monitoring and mitigation processes. All business managers are responsible for establishing speci...
69
annual_report
2102
531
operation and the amortization of deferred expenses relating to Holdings' issuance of senior notes and Capital Trust's issuance of trust preferred securities, partially offset by fee income. Other income for 2001 includes $25.9 million arising from a non-recurring receipt of shares in connection with the demutualizatio...
95
10K
4608
775
The tax effect of temporary differences that give rise to significant portions of the net deferred tax assets at December 31, 2012 and 2011 are as follows (in thousands):
29
10K
NatixisSA-AR_2017
8,579
ENVIRONMENTAL AND SOCIAL RESPONSIBILITY Business line contributions to green and sustainable growth 399Natixis Registration Document 2017
16
annual_report
5558
2,127
One additional item of note impacting our effective tax rate in 2017 was the excess tax benefit on share-based compensation that resulted from the application of revised accounting guidance, which was effective January 1, 2017 and resulted in a 2.1% reduction to our effective tax rate in 2017. Under the revised account...
56
10K
3733
504
The Company has exposure to market risk as a result of its investment portfolio. Market risk is the risk that the Company will incur realized and unrealized net capital losses due to adverse changes in interest rates or credit spreads. The Company's primary market risk exposure is to changes in interest rates. Interest...
140
10K
ASRNederlandNV-AR_2013
835
Impairment of loans and receivables At each balance sheet date, a.s.r. assesses whether objective evidence of impairment exists of the financial assets classified as loans and receivables.
27
annual_report
2810
823
Environmental. Net premiums earned increased 18.4% to $38.1 million for the year ended December 31, 2005 compared to $32.2 million for 2004. Net premiums written increased to $41.5 million for the year ended December 31, 2005 compared to $35.0 million for 2004. Most of the growth in this business line for 2005 was due ...
245
10K
ch_zurich_insurance_group-AR_2015
457
Joan Amble Member of the Board of Directors Nationality: U.S. Born: 1953
12
annual_report
INGGroepNV-AR_2003
490
Good progress with regard to ING’s strategic objectives — Effective measures resulted in a stronger capital position, for both the insurance company and the bank — Portfolio optimisation resulted in some business units being sold — New initiatives perfected ING’s click-call-face concept
42
annual_report
2294
884
Based on our historical record of producing taxable income and estimates of future capital gains and profitability, we have concluded that future operating income and capital gains will be sufficient to give rise to tax expense and capital gains to recover all deferred tax assets, net of the valuation allowance.
50
10K
5656
608
Comprehensive income includes net income and other comprehensive income or loss. Other comprehensive income, net of taxes for the year ended December 31, 2017 was $0.1 million compared to a loss of $2.4 million for the same period in 2016. Other comprehensive income (loss) represents after tax changes to equity which a...
60
10K
nl_ing_grp-AR_2016
6,337
Due to the significance of loans and advances to customers and the related estimation uncertainty, we consider the valuation of loans as a key audit matter. Refer to the ‘Principles of valuation and determination of results’ section in Note 1 of the Consolidated Annual Accounts and related disclosures in the ‘Risk Mana...
77
annual_report
4780
675
Revenue before certain derivatives increased by $186.3 million and $199.3 million in 2013 and 2012, respectively. These increases were driven by a combination of changes in investment income related to equity options held in a funds withheld portfolio associated with equity-indexed annuity treaties and an increase in i...
110
10K
de_allianz-AR_2015
427
Deferred Compensation aeI 2015/rSu3 750 – – – – – – aeI 2011/rSu3 – – – – – – – GeI 2010/rSu3 – – – – – – – GeI 2009/rSu3 – – – – – – – GeI 2010/Sar4 – – – – – – – GeI 2008/Sar4 – – – – – – –
56
annual_report
1353
283
potential customers. In the future, Vidler will be able to provide storage to facilitate exchanges and water transfers within California, such as the transfer of water from northern California to southern California.
32
10K
CNPAssurancesSA-AR_2005
349
Women make up the majority of our work force (62.5%). Fifty percent of women are in executive grade positions and 15% are in senior management
25
annual_report
INGGroepNV-AR_2013
4,572
279ING Group Annual Report 2013 1 W h o w e are 2 R
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
2,398
The expenses are shown in the consolidated income statement mainly under “operating expenses” and “expenses for claims and benefits”.
19
annual_report
4636
863
(2) We are subject to various annual assessments imposed by certain of the states in which we write insurance policies. These assessments are generally based upon the amount of premiums written or losses paid during the applicable year. Assessments based on premiums are generally paid within one year after the calendar...
125
10K
GjensidigeForsikringASA-AR_2011
594
The head of the Compliance function reports to the CEO and the Board. The Compliance function is also responsible for the Group’s notification procedures in the event of malpractices and irregularities, and for preventing and investigating such irregularities.
38
annual_report
2732
856
All financial information herein gives effect to the restatement described in Note 2 “Restatement”.
14
10K
AvivaPLC-AR_2009
1,075
— New product and distribution developments that suit our customers’ changing needs
12
annual_report
2899
398
Various other legal and regulatory actions are currently pending that involve the Company and specific aspects of its conduct of business. Like other members of the insurance industry, the Company is the target of a number of lawsuits and proceedings, some of which involve claims for substantial or indeterminate amount...
139
10K
BeazleyPLC-AR_2017
916
Where a director joined or stood down from the board or board committee during the year only the number of meetings following appointment or before standing down are shown.
29
annual_report
NatwestGroupPLC-AR_2015
8,513
Stability Board (“FSB”) and is therefore subject to more intensive oversight and supervision by its regulators as well as additional capital requirements, although in the FSB’s most recent annual list of GSIBs published in November 2015, the Group was moved down to the last bucket, meaning that it will be subject to th...
60
annual_report
HiscoxLtd-AR_2020
2,032
Debt and fixed income securities 17 411.3 1,948.2 1,586.7 1,426.8 101.5 5,474.5
12
annual_report
4157
669
Our diluted earnings per share, or EPS, was $3.39 for 2010 compared with $2.41 for 2009.
16
10K
5708
904
In the normal course of business, we commit to fund commercial mortgage loans up to 90 days in advance. At December 31, 2019, we had commitments to fund commercial mortgage loans totaling $244.3 million, with interest rates ranging from 3.35% to 5.68%. During 2019 and 2018, due to historically low interest rates, the c...
134
10K
5039
659
Our direct gross written premiums increased by $78,005,000, or 23%, primarily due to the strong organic growth in new and renewal business generated in all states in which we wrote policies, but especially outside Florida which represented nearly 73% of the total growth in direct written premiums. The breakdown of the ...
72
10K
4558
1,098
The following presents PLC’s estimates of the hypothetical impact to the 2012 benefit cost, associated with sensitivities related to the long-term rate of return assumption:
25
10K
HiscoxLtd-AR_2020
197
A balanced business achieving sustainable growth By running a well-balanced business, underpinned by a clear set of values and characterised by a disciplined approach to underwriting, our aim is to consistently grow the business in a way that is organic, sustainable and profitable. Covid-19 presented some unique challe...
90
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,051
asset management meag continues to base its hr policies on the professional and personal development of staff. a programme has been established that provides managers who are assigned leadership responsibility for the first time with the key skills needed for effective management.
42
annual_report
AvivaPLC-AR_2013
2,723
Loan notes held by third parties (note 50 (c)(i)) 1,313 1,332
11
annual_report
4163
977
Net investment income on general account invested assets (which excludes income on policyholder accounts) increased 12 percent, to $719.3 million, in 2010 and 4.3 percent, to $643.6 million, in 2009. The average balance of general account invested assets was $12.3 billion, $11.4 billion and $10.6 billion in 2010, 2009 ...
153
10K
4265
6,864
We sponsor six separate non-qualified, unfunded, deferred compensation plans for various groups: employees; agents and non-employee directors.
17
10K
AegonNV-AR_2013
1,276
Aegon Life Insurance Company in Romania operates as a branch of Aegon Poland Life Insurance Company and sells unit-linked, term life and endowment insurance policies. An interest guarantee is provided to a unit-linked product that varies between 2%-3.2%, depending on the policy year.
43
annual_report
gb_prudential-AR_2007
76
Financial capability remains at the heart of our Corporate Responsibility programme and, during the year, we added a new scheme in the US to our existing programmes in the UK and Asia. More details about our Corporate Responsibility programme can be found later in this Report.
46
annual_report
4033
626
Other gains and expenses in 2009 consisted of restructuring and other costs that totaled $4.1 million before income taxes. Included in the restructuring and other costs are a $1.8 million loss on the partial sublease of our Broadspire facility in Plantation, Florida, $1.8 million in professional fees related to the int...
91
10K
HannoverRueckSE-AR_2004
200
Similarly, we were chosen as the best reinsurer overall on the US market – our largest and most important single market – in the 2004 Flaspöhler broker survey.
28
annual_report
SwissReAG-AR_1991
158
It is not easy to ascertain to what extent a recession will af­ fect Life insurance business. Some countries have regis­ tered an increase in the suicide rate, while in others there has been a rise in the number of disability cases. On the other hand, it would appear that policyholders are reluc­ tant to alter or even ...
74
annual_report
5664
1,117
Each trust pays dividends on its preferred securities at the same rate each quarter as interest is paid on the junior subordinated debt securities. Under the terms of the trust subordinated debt securities, we pay interest only each quarter and the principal of each note at maturity. The subordinated debt securities of...
65
10K
3036
633
The following table sets forth our operating income (loss) for the seven months ended December 31, 2006 and 2005 and the fiscal years ended May 31, 2006, 2005 and 2004:
30
10K
StorebrandASA-AR_2018
2,628
On February 12th, Storebrand Asset Management AS signed an agreement to acquire 100 % of the shares in Cubera Private Equity AS (Cubera). The purchase price of the acquisition is NOK 300 million. The purchase price may increase with up to NOK 225 million related to fundraising to new funds managed by Cubera.The transac...
81
annual_report
ScorSE-AR_2015
1,742
SCOR has a balance sheet hedging approach whereby there is an objective to match monetary assets and liabilities in each foreign currency so that the fluctuation in the exchange rate has no material impact on the reported net income. The policy is to closely monitor the net monetary currency positions and, where approp...
85
annual_report
4122
2,391
The circumstances giving rise to the Company’s net realized capital gains and losses are as follows:
16
10K
1061
399
In connection with, and because it desires to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company cautions readers regarding certain forward-looking statements in the above "Management's Discussion and Analysis of Financial Condition and Results of Operat...
49
10K
5928
2,025
The Company has no right to the benefits from, nor does it bear the risks associated with consolidated investment entities beyond the Company’s direct equity and debt investments in and management fees generated from these entities. Such direct investments amounted to approximately $233 and $279 on a continuing basis a...
87
10K
AvivaPLC-AR_2018
4,432
5 Regulatory adjustments to bridge from Solvency II net assets to own funds include recognition of subordinated debt capital and non-controlling interests.
22
annual_report
5835
2,008
At December 31, 2020, the Company's debt was recorded at amortized cost with a carrying value of $1,310 million (2019: $1,808 million) and a fair value of $1,485 million (2019: $1,896 million). The fair value of the Company's debt is based on prices obtained from a third-party pricing service and is determined using th...
102
10K
gb_prudential-AR_2017
6,307
In addition, non‑operating results include the effect of the disposal of businesses (see note 17) and in 2017, the impact of US tax reform (see note 7).
27
annual_report
4977
1,003
We determine the expected rate of return on plan assets based upon an approach that considers inflation, real return, term premium, credit spreads, equity risk premium and capital appreciation, as well as expenses, expected asset manager performance, asset weights and the effect of rebalancing. The assumptions used may...
83
10K
AegonNV-AR_2005
458
Additionally, Mr. Shepard is entitled to a cash bonus equal to 0.1% of AEGON’s net income for the corresponding year.
20
annual_report