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HelvetiaHoldingAG-AR_2001
10
Investments at market value (CHF million) 23 529.3 24087.7 - 2.3%
11
annual_report
NatwestGroupPLC-AR_2014
4,848
The contractual margin may be amended to bolster the customer’s dayto -day liquidity to help sustain its business as a going concern. This would normally be a short-term solution. As set out above, RBS would seek to obtain a return commensurate to the risk that it is required to take and this can be structured as set o...
59
annual_report
4963
1,647
A&H Segment Results of Operations for the Year Ended December 31, 2014 Compared with the Year Ended December 31, 2013
20
10K
1341
322
The contractual maturities of investments at December 31, 1999 were as follows:
12
10K
5364
1,507
prices for similar assets in active markets, quoted prices for identical assets in inactive markets and inputs that are observable but not prices (for example, interest rates and credit risks). We also review the methodologies and the assumptions used to calculate prices from these observable inputs. On a quarterly bas...
151
10K
NatwestGroupPLC-AR_2012
6,378
United States 18,936 1,736 30,983 51,655 12,080 39,575 France 6,563 13,285 6,224 26,072 2,157 23,915 Germany 14,678 4,289 6,812 25,779 1,956 23,823 Netherlands 5,350 2,227 11,200 18,777 1,124 17,653 Japan 4,338 6,822 1,410 12,570 2,326 10,244 Spain 893 4,789 6,328 12,010 515 11,495 Republic of Ireland 217 3,557 3,071 6...
59
annual_report
gb_prudential-AR_2017
4,569
C Balance sheet notes continued ii Sensitivity to interest rate risk Except in the circumstances of interest rate scenarios where the guarantee rates included in contract terms are higher than crediting rates that can be supported from assets held to cover liabilities, the accounting measurement of fixed annuity liabil...
111
annual_report
4882
1,537
Ambac Assurance Corporation and The Segregated Account of Ambac Assurance Corporation v. EMC Mortgage LLC (formerly known as EMC Mortgage Corporation), J.P. Morgan Securities, Inc. (formerly known as Bear, Stearns & Co. Inc.), and JP Morgan Chase Bank, N.A. (Supreme Court of the State of New York, County of New York, f...
237
10K
3802
621
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Baldwin & Lyons, Inc. and subsidiaries internal control over financial reporting as of December 31, 2008, based on criteria established in Internal Control-Integrated Framework issued by the Committe...
65
10K
HannoverRueckSE-AR_2004
584
The loss reserves in property and casualty reinsurance are determined by specially trained insurance actuaries at Hannover Re. Their calculations are also regularly checked by external actuaries and auditors. In addition to the losses reported to us by our clients, we establish additional reserves where necessary on th...
278
annual_report
3161
918
The $2.2 million and $6.3 million increases, and $5.9 million reduction in 2006, 2005 and 2004 related to prior years, respectively, were due to re-estimations of ultimate loss rates from those established at the original notice of default, updated through the periods presented. These re-estimations of ultimate loss ra...
178
10K
PowszechnyZakladUbezpieczenSA-AR_2019
315
Source: NBP, Stability report, December 2018 on a personal account kept in ZUS. Monies transferred to a mutual fund will be private monies of the saving person (currently the assets accumulated in OFEs are public funds).
36
annual_report
4903
1,490
Our insurance subsidiaries and Donegal Mutual purchase certain third-party reinsurance on a combined basis. Le Mars, MICO, Peninsula and Sheboygan also have separate third-party reinsurance programs that provide certain coverage that is commensurate with their relative size and exposures. Our insurance subsidiaries use...
222
10K
4509
1,424
Acquisition costs relating to group worksite products, which typically have high front-end costs and are expected to remain in force for an extended period of time, consist primarily of first year commissions to brokers and costs of issuing new certificates. These acquisition costs are front-end loaded, thus they are d...
60
10K
NatixisSA-AR_2010
7,765
France, this dividend will be taken into account automatically by law to determine total gross income subject to the progressive income tax scale, and will be eligible for an allowance of 40% of the gross amount received (Article 158-3-2 of the French General Tax Code). However, this dividend may be subject, at the ben...
87
annual_report
3558
1,242
Unrecognized compensation expense related to nonvested share-based compensation granted under the stock option arrangement totaled $3.0 million as of December 31, 2007. This expense is expected to be recognized over a weighted-average period of 2.4 years.
36
10K
2611
1,205
Wealth Management Segment. Offers individual annuities and mutual fund products and services. Individual annuities consist of fixed deferred annuities, fixed immediate annuities, single premium immediate annuities, and variable annuities. Mutual fund products and services primarily consist of open-end mutual funds clos...
79
10K
4051
3,909
Both ILFC and AGF have drawn the full amount available under their revolving credit facilities.
15
10K
2425
1,265
The Company’s review of policyholders tendering claims for the first time has indicated that they are lower in severity. These policyholders generally present smaller exposures, have fewer sites and are lower tier defendants. Further, regulatory agencies are utilizing risk-based analysis and more efficient clean-up tec...
69
10K
PosteItalianeSpA-AR_2018
18
We believe that the integration of sustainability targets within the Group’s business processes is necessary in order to deliver sustainable performance over time, reduce the risk profile and act in line with the principles of integrity and transparency. For this reason, the sustainability strategy of the Poste Italian...
148
annual_report
AvivaPLC-AR_2020
1,632
• Comprehensive reviews of drafts of the Annual Report and Accounts are undertaken by members of the Aviva Leadership team and other members of senior management and, in relation to certain parts of the report external legal advisers and the External Auditor
42
annual_report
TrygAS-AR_2017
1,456
a) Cost related to the issue of new shares are deducted in proceeds recognised in retained earnings with DKK 50.3m.
20
annual_report
AvivaPLC-AR_2017
2,698
In the Company's statement of financial position, subsidiaries and joint venture are reported at fair value estimated using applicable valuation models underpinned by the company's market capitalisation.
27
annual_report
fr_axa-AR_2013
2,329
The Lead Independent Director plays an important role in the preparation of the meetings of the Board and its Committees.
20
annual_report
ScorSE-AR_2015
1,244
26th resolution (Delegation of authority granted to the Board of Directors in order to carry out an increase in share capital by the issuance of shares reserved to the members of savings plans (plans d’épargne), with cancellation of preferential subscription rights to the benefit of such members)
47
annual_report
4631
13,065
During 2009, WM Life Re entered into long term Japanese interest rate swaps, largely replacing its use of short term Japanese Government Bond (“JGB”) futures to hedge its discount rate exposure. By doing so, WM Life Re better matched the term structure of its discount rate exposure, substantially reduced its exposure t...
189
10K
gb_lloyds_banking_grp-AR_2015
5,702
The Group announced on 30 June 2015 that all relevant regulatory clearances for the sale of its remaining 40.01 per cent holding in TSB had been received and that the sale was therefore unconditional in all respects; the proceeds were received on 10 July 2015.
45
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
770
Tower Inwestycje The company’s line of business is to invest available funds in: • real estate development initiatives, in particular in the construction of commercial properties; • investment activity.
29
annual_report
5546
1,038
Net investment income increased by 7.1% to $581.2 million in 2018 compared with investment income of $542.9 million in 2017. The increase was primarily due to higher income from our growing fixed maturity portfolio and an increase in limited partnership income, partially offset by lower dividend income from our equity ...
51
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
3,113
At €3m (–) minimum lease payments under finance leases at the balance sheet date were insignificant in scope.
18
annual_report
5502
828
Salary and benefits expense increased in 2017 as compared to 2016 as a result of an increase in salary and benefits of $3.3 million due to an increased number of employees related to our growth, an increase of $3.7 million related to expense recognized under our short-term incentive compensation program and other bonus...
120
10K
2924
589
In June 2004, the Company received a subpoena from the NYAG requesting documents and information relating to compensation arrangements between insurance brokers or intermediaries and the Company and its subsidiaries. The Company has received additional subpoenas or requests for additional information from the NYAG conc...
100
10K
4756
3,446
Mortgage insurers are not subject to the NAIC’s RBC requirements but certain states and other regulators impose another form of capital requirement on mortgage insurers requiring maintenance of a risk-to-capital ratio not to exceed 25:1. As of December 31, 2013, the risk-to-capital ratio of GEMICO, our primary U.S. mor...
79
10K
de_allianz-AR_2013
2,191
Short-term investments and certificates of deposit 3,275 – 3,275 4,207 – 4,207
12
annual_report
5431
955
As of December 31, 2017, the Company held municipal fixed maturity securities that include third party guarantees. Detailed below is a presentation by NRSRO rating of our municipal holdings by funding type.
32
10K
401
245
Independent Auditors' Report. . . .. . . . . . . . . . . . . . . . .. .
23
10K
AdmiralGroupPLC-AR_2019
2,065
Succession planning and talent management The Committee ensures plans are in place for orderly succession for appointments to the Board and reviews the succession plans for other senior management positions. Responsibility for making senior management appointments rests with the Chief Executive Officer.
42
annual_report
5714
1,865
Insurance companies face significant risks related to regulatory investigations and actions. Regulatory investigations generally result from matters related to sales or underwriting practices, payment of contingent or other sales commissions, claim payments and procedures, product design, product disclosure, additional...
189
10K
INGGroepNV-AR_2017
5,767
The Share of participating interests reserve includes the following components: Reserve for non-distributable retained earnings of participating interests of EUR 2,527 million (2016: EUR 2,235 million), Revaluation reserve of participating interests of EUR 2,258 million (2016: EUR 3,917 million) and Net defined benefit...
54
annual_report
404
505
thus potentially increasing the loss ratio on older business. Substantial increases in production of new business during these periods can offset the increased loss ratio on the older business.
29
10K
gb_prudential-AR_2017
1,183
We establish long‑term relationships with our charity partners to ensure that the projects we support are sustainable, and we work closely with them to ensure that our programmes continuously improve. In addition, we believe it is important to make a contribution to delivering the United Nation’s Sustainable Developmen...
56
annual_report
AegonNV-AR_2019
8,475
Competition The US marketplace is highly competitive. Aegon USA's competitors include other large insurance carriers, in addition to certain banks, securities brokerage firms, investment advisors, and other financial intermediaries marketing insurance products, annuities and mutual funds.
36
annual_report
3673
772
Personnel costs include base salaries, commissions, benefits and bonuses paid to employees, and are one of our most significant operating expenses. Personnel costs totaled $1,253.6 million, $1,594.5 million, and $1,789.8 million for the years ended December 31, 2008, 2007, and 2006, respectively. The decreases in each ...
124
10K
NatixisSA-AR_2014
1,115
V Chairman of Fondation d’Entreprise Groupe M6 V Member of the Board of the Football Club des Girondins de Bordeaux V Member of the Supervisory Board of Ediradio S.A. (RTL/RTL2/FUN RADIO) V Permanent Representative of M6 Publicité, member of the Board of Directors of: Home Shopping Service S.A., M6 Diffusion S.A.
51
annual_report
5797
1,927
Since the formation of WICE, we have grown our European motor insurance business. Gross premiums written generated by WICE for the years ended December 31, 2019, 2018 and 2017 were $215.0 million, $181.7 million and $115.5 million, respectively. The majority of such premiums relate to European motor insurance.
48
10K
Sampoplc-AR_2005
489
Life insurance + premiums written before reinsurers’ share + net income from investments + other income
16
annual_report
1650
431
On May 30, 2001, we signed a definitive agreement with Blue Cross and Blue Shield of Kansas, or BCBS-KS, pursuant to which BCBS-KS would become a wholly owned subsidiary. Under the proposed transaction, BCBS-KS would demutualize and convert to a stock insurance company. The agreement calls for us to pay $190.0 million ...
125
10K
5519
508
The most significant assumptions that are involved in the estimation of annuity gross profits include interest rate spreads, future financial market performance, business surrender/lapse rates, expenses and the impact of net investment gains (losses). For the variable deposit portion of Retirement, the Company amortize...
204
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
381
Defined benefit plan Present value Provisions of defined for Financial Defined benefit as at personnel Name year benefit1 31 December expenses2
21
annual_report
PosteItalianeSpA-AR_2018
1,853
“Dillo a Poste Italiane” (Tell Poste Italiane about it) - customers and employees, two sides of the same coin bearing witness to the customer-centric innovation path the Company has embarked on
31
annual_report
4513
1,330
(6) Represents BOLI, traditional insurance, and Group health and life reported claim liabilities.
13
10K
619
791
Premiums and contract charges: Life and annuities $ 116,167 $ 2,185 $ 113,982 Accident and health 5,846 864 4,982 ----------- ----------- ----------- $ 122,013 $ 3,049 $ 118,964 =========== =========== ===========
31
10K
ch_zurich_insurance_group-AR_2013
3,376
f) Asset and liability data The majority of the Group’s embedded value has been calculated using a “hard close” approach, such that all asset and liability data reflect the actual position as of the valuation date.
36
annual_report
69
259
The Consolidated Financial Statements of the Corporation and notes to such financial statements on pages 36 through 59 of the Annual Report to Shareholders for 1994 are incorporated herein by reference.
31
10K
de_allianz-AR_2012
3,731
The period in which a retirement pension can be drawn is usually between age 60 and age 67. Disability benefits are granted prior to retirement in the event of an occurrence of a qualifying disability.
35
annual_report
2156
731
The Company leases approximately 65,489 square feet of office and covered garage space from an affiliated company. During the years ended December 31, 2003, 2002, and 2001, the Company paid $1,000, $987 and $961, respectively, under the leases.
38
10K
AdmiralGroupPLC-AR_2019
1,401
The following section seeks to provide colour on some activities that we undertake, as a responsible business that considers key stakeholders; Our Customers, our People, our Communities, our Shareholders, our External Partners and our Environment.2
35
annual_report
1819
403
Claims and surrenders decreased 3.9% from $30,370,996 in 2000 to $29,189,132 in 2001. In 1999 claims and surrenders were $34,747,480. Decline on claims in accident and health benefits attributable to the respective blocks of business of NSLIC and USLIC were responsible for the 2000 decrease. The decline in claims on th...
75
10K
1001
307
NOTE 7 - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES - - --------------------------------------------------- The following table provides an analysis of the rollforward of Crusader's losses and loss adjustment expenses, including a reconciliation of the ending balance sheet liability for the periods indicated:
41
10K
1881
707
EQUITY SECURITIES The Company's equity securities portfolio was $183 million at December 31, 2002 compared to $201 million in 2001. The decrease is attributable to general market declines and disposition of selected securities during the year. Losses are recognized for declines in the value of equity securities that ar...
61
10K
AegonNV-AR_2016
188
Borrowings including subordinated and trust pass-through securities 14,076 13,361 15,049 12,009 13,416 1 Amounts have been restated to reflect the voluntary changes in accounting policies for deferred cost of reinsurance that was adopted by Aegon effective
36
annual_report
NatixisSA-AR_2011
8,335
Subcontractors and suppliers ● The importance of sub-contracting and the social and environmental responsibilities in relation to service providers and sub-contractors Art. 148–2 9 HR1, HR2 48
27
annual_report
5194
561
New Accounting Guidance- In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 amends the accounting for revenue recognition. Insurance contracts are not included in the scope of this new guidance. The effective date of ASU 2014-09 is for a...
109
10K
NatwestGroupPLC-AR_2011
449
We took a number of steps to prepare Wealth for the future.
12
annual_report
2425
1,991
The following unaudited pro forma information presents the combined results of operations of TPC and SPC for the twelve months ended December 31, 2004 and 2003, respectively, with pro forma purchase accounting adjustments as if the acquisition had been consummated as of the beginning of the periods presented. This pro ...
80
10K
AegonNV-AR_2018
6,016
On June 28, 2017, Aegon completed its transaction to divest its two largest run-off businesses in the Americas, the payout annuity business and Bank Owned Life Insurance/Corporate Owned Life Insurance business (BOLI/COLI). Under the terms of the agreement, Aegon’s Transamerica life subsidiaries has reinsured USD 14 bil...
75
annual_report
3348
522
On May 31, 2007, Regan Holding and two of its subsidiaries, Legacy Financial and Legacy Advisory Services Inc., entered into an agreement with Multi-Financial Securities Corporation whereby Legacy Financial Services transferred its registered representatives and customer accounts to Multi-Financial Securities Corporati...
168
10K
gb_prudential-AR_2016
2,688
Other comprehensive income: Items that may be reclassified subsequently to profit or loss Exchange movements on foreign operations and net investment hedges: Exchange movements arising during the year A1 1,148 68 Cumulative exchange loss of sold Japan life business recycled through profit or loss – 46 Related tax 13 4
50
annual_report
4178
1,161
longer term trends in asset returns emerge or long term target asset allocations are revised. Other material assumptions include rates of participant mortality, the expected long-term rate of compensation and pension increases and rates of employee termination.
37
10K
PowszechnyZakladUbezpieczenSA-AR_2014
1,589
The total concentration risk is measured as the sum of concentration risks of individual entities. In the case of related related, concentration risk is specified for all related entities cumulatively.
30
annual_report
ASRNederlandNV-AR_2019
1,401
As part of the transition to KPMG as the auditor, with effect from 1 January 2020, KPMG have attended the A&RC and the relevant SB meetings since November 2019.
29
annual_report
2208
790
Prior to the fourth quarter of 2002, we distributed our annuity products primarily through three distribution channels: (1) “Agency”, which consisted of our former career agency force; (2) “Select”, which consisted of a network of third party broker/dealers; and (3) “Partners”, which included distributors of the mutual...
60
10K
ch_zurich_insurance_group-AR_2010
1,713
Collateralized loans 1,102 – – 1,102 Deferred tax liabilities 4,464 (20) – 4,445 Debt related to capital markets 839 – (814) 25 Senior and subordinated debt 11,444 – – 11,444
30
annual_report
PosteItalianeSpA-AR_2019
2,656
In a nutshell, this new operating model, characterised by a change in delivery frequency, leads to a reduction in the number of kilometres travelled for traditional delivery activities and less need for vehicles.
33
annual_report
5852
846
•services the Company receives pursuant to a contract with a third-party service provider, which the Company then provides to AXA or its subsidiaries (excluding the Company) on a pass-through basis;
30
10K
140
226
Income (Loss) before income taxes $ (0.19 $ (1.07) $ (0.18) $ 0.12 $ 0.32
15
10K
NatixisSA-AR_2019
1,995
Ban on hedging The Chief Executive Officer is prohibited from using hedging or insurance strategies, both during the vesting period of components of deferred variable compensation and during the lock-up period.
31
annual_report
2630
357
Unconsolidated real estate partnerships are valued at the Partnership's equity in net assets as reflected in the partnership's financial statements with properties valued as described above.
26
10K
NNGroupNV-AR_2013
84
2013 was a year of major transition for the insurance and investment management operations in the Netherlands. As announced in November 2012, the transformation programme in the Netherlands is expected to result in an estimated headcount reduction of 1,350 FTEs over the period 2013-2014. By the end of 2013, a reduction...
93
annual_report
gb_prudential-AR_2017
1,254
SEED’s board in May, I have learned much about functions outside my main areas of expertise and I hope to continue to be challenged outside my comfort zone’, said Melissa. ‘I am thrilled to be able to assist SEED by leveraging my corporate experience, largely around
46
annual_report
SwissReAG-AR_1994
363
1994 1993 in millions of Swiss francs Total % % Total % % Gross premiums by country Europe 59.0 55.6
20
annual_report
HiscoxLtd-AR_2010
563
Hiscox is dedicated to providing its customers with risk management advice to prevent distressing losses such as burglary and fire in the home. The Hiscox philosophy is that insurance is a promise to pay, so should a loss occur, it aims to fully support its customers and to pay their claims as soon as is possible.
56
annual_report
5555
1,929
In addition to pension benefits, PLC provides limited healthcare benefits to eligible retired employees until age 65. This postretirement benefit is provided by an unfunded plan. As of December 31, 2018 and 2017, the accumulated postretirement benefit obligation and projected benefit obligation were immaterial.
44
10K
3964
1,025
On a pro forma basis, net realized capital losses and OTTI were $7,749,000 for the year ended December 31, 2008 compared to a loss of $5,130,000 for the year ended December 31, 2007. The increase in losses for the current year is primarily due to larger “other than temporary” impairment charges in our investment in Alt...
103
10K
NatwestGroupPLC-AR_2012
5,627
Impairment testing involves the comparison of the carrying value of a CGU or group of CGUs with its recoverable amount. The recoverable amount is the higher of the unit's fair value and its value in use. Value in use is the present value of expected future cash flows from the CGU or group of CGUs. Fair value is the amo...
76
annual_report
PosteItalianeSpA-AR_2020
4,835
In the case of contracts for separately managed accounts with discretionary participation features88 (DPF, as defined in Appendix A of IFRS 4), IFRS 4 makes reference, as illustrated above, to national GAAP. The contracts are classified as “financial ”, but accounted for as “insurance” as follows: z premiums, changes i...
97
annual_report
5439
1,393
In 2009, the GSEs began offering HARP loans, which allow a borrower who is not delinquent to refinance a mortgage if the borrower has been unable to take advantage of lower interest rates because the borrower’s home has decreased in value. Refinancings under the HARP programs have had a positive impact on the overall c...
156
10K
4851
3,680
The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize ...
98
10K
4867
1,369
Single pay life annualized new business premiums, which include 10% of excess (unscheduled) premiums, represented approximately 10%, 33% and 32% of Universal Life annualized new business premiums for the years ended December 31, 2014, 2013 and 2012, respectively.
38
10K
ch_zurich_insurance_group-AR_2018
309
The Group's consistent and conservatively managed balance sheet is based on disciplined risk management and producing stable cash flows. A key element of the capital management strategy is to maximize capital fungibility by pooling risk, capital and liquidity centrally as much as possible. Zurich’s investment portfolio...
67
annual_report
5705
2,772
Annuity benefits accumulated also includes amounts advanced from the Federal Home Loan Bank of Cincinnati.
15
10K
NatwestGroupPLC-AR_2017
3,487
Risk mitigation Information is communicated to each customer-facing business and function about regulatory developments and discussions with regulators. This helps identify and execute any required changes to strategy or to business models.
32
annual_report
4629
1,879
“In Use/Outstanding” data represent December 31, 2012 accreted values. “Payments Due by Period” data represents ultimate redemption values.
18
10K
NatwestGroupPLC-AR_2010
3,345
Kari Hale (Senior Statutory Auditor) for and on behalf of Deloitte LLP Chartered Accountants and Statutory Auditor London, United Kingdom 23 February 2011 267RBS Group 2010
26
annual_report
SwissReAG-AR_2014
366
Business Units at a glance swiss Re is a leader in wholesale reinsurance, insurance and risk transfer solutions. Our clients include insurance companies, corporations, the public sector and policyholders.
29
annual_report
3781
1,334
For further detail on our long term debt principal and interest payments, see Note 13 to our consolidated financial statements included in this Annual Report on Form 10-K. For further detail on our operating lease payments, see Note 16 to our consolidated financial statements included in this Annual Report on Form 10-K...
74
10K
SwissReAG-AR_2014
1,684
Independence At least once a year, the external auditor provides a formal written statement delineating all relationships with the company that might affect its independence. Any disclosed relationships or services that might bear on the external auditor’s objectivity and independence are reviewed by the Audit Committe...
57
annual_report
3478
1,124
Torchmark has net operating loss carryforwards of approximately $30.0 million at December 31, 2007 of which $4.3 million expire in 2020; $4.7 million expire in 2021; $10.8 million expire in 2025; $.2 million expire in 2026; and $9.9 million expire in 2027. A valuation allowance is to be provided when it is more likely ...
104
10K
AdmiralGroupPLC-AR_2009
593
Keith was appointed a Non-Executive Director in December 2002. He is Chairman of the Nominations
15
annual_report
5127
457
Our results of operations for 2015 were principally affected by the factors referred to below.
15
10K