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fr_axa-AR_2011 | 6,459 | Please refer to pages 96 to 101 , “Liquidity and capital resources” section. | 13 | annual_report |
HelvetiaHoldingAG-AR_2018 | 2,359 | Earnings for shareholders and non-controlling interests 412 678 546 384 624 776 | 12 | annual_report |
LloydsBankingGroupPLC-AR_2008 | 3,576 | Further information about the effect of changes in key assumptions is given in note 32. | 15 | annual_report |
BaloiseHoldingLtd-AR_2007 | 527 | Baloise is an attractive employer for men Women make up 46% of our st utives (2006: 21%). | 17 | annual_report |
5278 | 769 | Deferred tax assets and liabilities resulting from temporary differences between the financial reporting and tax bases of assets and liabilities are measured at the reporting date using enacted tax rates in the relevant jurisdictions expected to apply to taxable income in the years the temporary differences are expected to reverse. | 50 | 10K |
ch_zurich_insurance_group-AR_2015 | 1,401 | Gross written premiums and policy fees decreased by USD 1.3 billion to USD 2.1 billion, or 37 percent, as a result of lower participation in the reinsurance agreements with the Farmers Exchanges. Participation in the All Lines quota share reinsurance agreement was reduced from 18 percent to 10 percent, effective December 31, 2014, and further reduced from 10 percent to 8 percent, effective December 31, 2015, subject to the approval of the California Department of Insurance. Participation in the Auto Physical Damage (APD) quota share reinsurance agreement was reduced from USD 900 million in 2014 to USD 500 million in 2015. | 101 | annual_report |
RSAInsuranceGroupPLC-AR_2017 | 378 | Group FTE4 is down 23 percent (excluding disposals) since the start of 2014 to 12,636 at 31 December 2017. It decreased by 6 percent during the course of 2017. | 29 | annual_report |
RaiffeisenBankInternationalAG-AR_2017 | 680 | Total comprehensive income attributable to the Group of € 918 million comprises consolidated profit of € 1,116 million and other comprehensive income of minus € 199 million. A valuation loss from the change in the credit spread on own liabilities designated at fair value represented the largest item in other comprehensive income and amounted to € 140 million. Due to the early application of IFRS 9.7.1.2 from the 2017 financial year onward, this is reported in other comprehensive income (instead of in the income statement as was previously the case). Currency translation within the Group resulted in a reduction of € 71 million. The strongest currency effects related to the devaluation of the Russian rouble (down € 140 million) and the appreciation of the Polish zloty (€ 81 million). Since part of the equity in these currencies was hedged, the movement in the exchange rate resulted in a loss of € 6 million from the capital hedge. A further negative contribution of € 7 million came from other changes in equity of companies valued at equity. A positive impact of € 12 million resulted from deferred taxes and the cash-flow hedge contributed € 10 million. | 195 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2016 | 3,201 | Director of PZU Group: • Aleksandra Agatowska; • Tomasz Karusewicz; • Bartłomiej Litwińczuk; • Sławomir Niemierka; • Roman Pałac; • Paweł Surówka. | 22 | annual_report |
4730 | 698 | The National Accounts market in the Business Insurance segment is the primary source of the Company's fee-based business. The $72 million and $27 million increases in fee income in 2013 and 2012, respectively, compared with the respective prior years are described in the Business Insurance segment discussion that follows. | 49 | 10K |
ScorSE-AR_2011 | 270 | the possibility that the value of investments acquired in an acquisition, may be lower than expected or may diminish due to credit defaults or changes in interest rates and that liabilities assumed may be greater than expected (due to, among other factors, less favorable than expected mortality or morbidity experience, or increase reserving of long tail lines of business). | 60 | annual_report |
DirectLineInsuranceGroupPLC-AR_2012 | 965 | The working group manages customer conduct across Direct Line Group. It assesses and reports our performance, while consulting on improvements and emerging conduct themes. | 24 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2015 | 1,359 | The biggest component of liabilities at the end of 2015 covered financial liabilities, the share of which rose from 13.9% to 42.2% from the previous year. Their balance amounted to PLN 44,487.8 million and included: • liabilities of PLN 33,655.7 million towards the clients | 44 | annual_report |
2634 | 490 | Deferred policy acquisition costs, or DAC, are those costs that vary with and are primarily related to the production of new, or renewal, business and include such costs as commissions, premium taxes and other costs incurred in connection with writing business. These costs are deferred and amortized over the period in which the related premiums are earned. Under GAAP, the premiums that will be earned in future periods, to which these deferred costs relate, must produce sufficient profits to offset the future expense that will be recognized from the amortization of the DAC, that is, the DAC must be recoverable. In evaluating the recoverability of DAC, we have made certain assumptions regarding future costs associated with the business written, such as costs to maintain the policies and the ultimate projected loss and loss adjustment expense payments associated with these policies. In addition, we have considered future investment income in determining the recoverability of DAC, which requires certain assumptions regarding the timing of payments of future loss and loss adjustment expenses, as well as the yield on our investment portfolio. Based on our analysis as of December 31, 2004, the DAC carried on the Consolidated Balance Sheets, included elsewhere in this report, of $8.1 million, was deemed to be fully recoverable. However, during 2004, we wrote-off approximately $300,000 of DAC associated with our other insurance lines as it was deemed to not be recoverable. While we believe that our assumptions and estimates related to the recoverability of DAC are reasonable, historically, our accident year loss ratios have developed unfavorably. In the event that future unfavorable adjustments to loss reserves occur, the likelihood of our being able to recover these deferred costs will diminish, and the possibility of a write-off of a portion or all of our DAC in future periods will increase. | 301 | 10K |
4402 | 888 | A reconciliation of the amortized cost (cost for equity securities) to fair value of investments in held-to-maturity and available-for-sale fixed maturity and equity securities at December 31, 2011 and 2010, is as follows: | 33 | 10K |
fr_axa-AR_2017 | 3,992 | Debt instruments designated as at fair value through profit or loss (c) 42,340 42,340 5.82% | 15 | annual_report |
4648 | 1,122 | Management estimates that the projected net economic loss from its largest 100-year event in a given zone represents approximately 10% of its projected 2013 shareholders’ equity. Economic loss is the gross PML reduced by estimated reinstatement premiums to renew coverage and estimated income taxes. The impact of income taxes on the PML depends on the distribution of the losses by corporate entity, which is also affected by inter-affiliate reinsurance. Management also monitors and controls its largest PMLs at multiple points along the loss distribution curve, such as loss amounts at the 20, 50, 100, 250, 500 and 1,000 year return periods. This process enables management to identify and control exposure accumulations and to integrate such exposures into enterprise risk, underwriting and capital management decisions. | 124 | 10K |
INGGroepNV-AR_2017 | 4,591 | • Money market (MM) risk: arises when ING places short-term deposits with a counterparty in order to manage excess liquidity. As such, money market deposits tend to be short-term in nature. In the event of a counterparty default, ING may lose the deposit placed. Money market risk is measured as the accounting value of the deposit, excluding any accrued and unpaid interest or the effect of any impairment. | 68 | annual_report |
4970 | 2,117 | The decrease in gross premiums written in the property lines of $113.6 million was primarily due to reductions in business written in the catastrophe excess of loss and per risk lines of $87.4 million and $5.7 million, respectively. These decreases were as a result of current market conditions, the impact of a program that was withdrawn and a number of non-renewals due to both unfavorable pricing and the proposed inclusion of terror exposure on some programs without appropriate premium for the additional risk. The decrease in gross premiums written of $3.0 million in the marine lines was primarily due to non-renewals and some business historically written in the marine lines being renewed in the specialty lines. This decrease was partially offset by positive premium adjustments. The increase in gross premiums written of $11.0 million in the specialty lines was primarily due to new composite and trade credit business of $22.0 million and $16.5 million, respectively; offset by a $31.5 million reduction in agricultural business as a result of reduced participation in a number of quota share agreements. | 177 | 10K |
5251 | 1,643 | At December 31, 2016, outstanding debt held by investors consisted of senior and subordinated unsecured notes of approximately $2.6 billion issued by XL-Cayman, the majority of which is now guaranteed by XL-Bermuda as indicated below. In connection with the Redomestication and XL-Ireland's distribution of the ordinary shares of XL-Cayman to XL-Bermuda on August 3, 2016, XL-Ireland was released as a guarantor under each of the applicable indentures pursuant to which the notes were issued, including as guarantor of the obligations of XL-Cayman to pay a fixed rate interest under the outstanding notes issued pursuant to such indentures. These notes require XL-Cayman to pay a fixed rate of interest during their terms. At December 31, 2016, the outstanding issues of unsecured notes are as follows: | 124 | 10K |
2814 | 1,535 | Incorporated by reference to Exhibit 4.1 to Post-Effective Amendment No. 3 to the Company’s Form 8-A/ A dated December 4, 2002. | 21 | 10K |
fr_axa-AR_2015 | 462 | Russia was the main contributor to the decline, with negative premium growth due to the economic recession and high infl ation. | 21 | annual_report |
4724 | 713 | Revenue increased $5.0 billion, or 99.8%, to $9.9 billion during 2012 as compared to 2011, primarily due to the Merger with Catalyst, which was completed on July 2, 2012 and contributed $3.2 billion to 2012 revenues, new customer starts during 2012 and an increase in new | 46 | 10K |
HelvetiaHoldingAG-AR_2013 | 2,247 | Actuarial reserves for insurance and investment contracts with positive interest guarantee 22 526.2 142.5 5 144.7 4.5 | 17 | annual_report |
AvivaPLC-AR_2019 | 1,405 | • Commenced the process for a tender of the external audit | 11 | annual_report |
fr_axa-AR_2012 | 4,239 | This harmonized approach facilitates the sharing of product innovation across the Group. These procedures are defi ned by Group Risk Management (GRM) but implemented/adapted locally. | 25 | annual_report |
gb_lloyds_banking_grp-AR_2008 | 4,459 | many banking assets are sensitive to interest rate movements; there is a large volume of managed rate assets such as variable rate mortgages which may be considered as a natural offset to the interest rate risk arising from the managed rate liabilities. However a significant proportion of the Group’s lending assets, for example personal loans and mortgages, bear interest rates which are contractually fixed for periods of up to five years or longer. | 73 | annual_report |
2720 | 529 | and/or increase reserves and flow through the Statements of Operations. Shadow loss recognition adjustments also decrease DAC and/or increase reserves but are included in “Accumulated Other Comprehensive Income” in Shareholders’ Equity. | 31 | 10K |
gb_prudential-AR_2013 | 4,854 | Notes (i) The value of profits or losses from asset management and service companies that support the Group’s covered insurance businesses (as defined in note 15(a)) | 26 | annual_report |
3774 | 1,673 | Securities purchased under agreements to resell are eligible to be pledged to certain interest rate swap counterparties. In general, under the terms of each of these counterparty-specific derivative agreements, the Company and its counterparty may be required to pledge collateral or transfer assets as a result of changes in the fair value of those derivative agreements. The timing and amount are generally dependent on which entity is exposed, as well as the credit rating of the party in the payable position. The Company and the counterparty typically have identical rights and obligations to pledge and rehypothecate collateral according to the terms included within each of the counterparty-specific derivative agreements. At December 31, 2008, $18.2 million of the assets held in the FP Investment Portfolio and related accrued interest were pledged as collateral to margin accounts. FSA Global, under the terms of its derivative agreements, is not required to pledge collateral. Its counterparties, however, may be required to pledge collateral or transfer assets to FSA Global. | 165 | 10K |
4509 | 1,410 | Most of our credit property and credit unemployment insurance business is either reinsured or written on a retrospective commission basis. Business written on a retrospective commission basis permits management to adjust commissions based on claims experience. Thus, any adjustment to prior years’ incurred claims is partially offset by a change in commission expense, which is included in the selling underwriting and general expenses line in our consolidated results of operations. | 70 | 10K |
5524 | 1,982 | Cash flows used in financing activities were $68.0 million for the year ended December 31, 2018 compared to $60.4 million for the same period in 2017. The lower net cash outflow for the year ended December 31, 2017 compared to the same period in 2018 was due to the issuance of new preference shares with net proceeds of $144.9 million, which was partially used to redeem the 2012 Senior Notes issuance of $100.0 million as well as the repurchase of common shares of $25.7 million during 2017, the bulk of which was made under the Company's authorized share repurchase program. The Company did not have any capital transactions during the year ended December 31, 2018. | 115 | 10K |
RaiffeisenBankInternationalAG-AR_2013 | 545 | Corporate customers are a central element of the portfolio in all regions. At the end of 2013, outstanding exposure to corporate customers for the Group totaled € 78,518 million, down € 2,378 million year-on-year. This decrease is attributable to a credit portfolio reduction at some network banks, compensated in part by an increase in loans in the Austrian portfolio. As new loans are granted primarily to customers with very good ratings, due to stricter lending policies, credit quality in the new business is significantly higher than that of the existing portfolio. | 91 | annual_report |
5643 | 1,619 | The following tables summarize the location of gains and losses of derivative financial instruments designated as hedging instruments, as reported in our consolidated statements of income. | 26 | 10K |
fr_axa-AR_2011 | 10,614 | Re-appointment of Mr. François Martineau (resolution 5) You are being asked to approve the re-appointment of | 16 | annual_report |
ASRNederlandNV-AR_2009 | 1,868 | interest rate risk of hedged assets and liabilities and the change to the fair value of hedging instruments. For the portfolio hedging of interest rate risks (macro hedging), the initial difference between the fair value and the balance sheet value of the hedged item is amortized on allocation of the hedge relationship over the remaining term of the hedged item. | 60 | annual_report |
4095 | 2,531 | As with our domestic operations, in managing the liquidity of these operations, we consider the risk of policyholder and contractholder withdrawals of funds earlier than our assumptions in selecting assets to support these contractual obligations. As of December 31, 2009 and 2008, our international insurance subsidiaries had total general account insurance related liabilities (other than dividends payable to policyholders) of $74.0 billion and $64.9 billion, respectively. Of those amounts, $41.1 billion and $34.7 billion, respectively, were associated with Gibraltar Life. | 80 | 10K |
3142 | 1,182 | In September 2006, the FASB issued Statement of Financial Accounting Standards (SFAS) No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans.” SFAS 158 requires recognition of the funded status of defined benefit retirement or other postretirement plans as a net asset or liability on the balance sheet, the recognition of future changes in the funded status through other comprehensive income, the measurement of the defined benefit plan assets and obligations as of the end of the employer’s fiscal year and enhanced disclosure. The initial recognition of the funded status is reflected as an adjustment to the ending balance of accumulated other comprehensive income. SFAS 158 does not change the method of calculating net periodic cost that existed under previous guidance. SFAS 158 became effective for the Company on December 31, 2006, except for the requirement to measure assets and obligations as of the end of the Company’s fiscal year, which will be effective at December 31, 2008. Upon adoption of SFAS No. 158, the Company recorded additional employee retirement plan liabilities of $2,903,000, a reduction in the defined benefit retirement plan prepaid asset of $3,829,000, an additional deferred income tax asset of $2,356,000, and a reduction to accumulated other comprehensive income of $4,376,000. | 206 | 10K |
4908 | 13,414 | The OBH Senior Notes and the SIG Senior Notes were issued under an indenture and fiscal agency agreement, respectively, that contain restrictive covenants which, among other things, limit the ability of OneBeacon Ltd., OBH, SIG and their respective subsidiaries to create liens and enter into sale and leaseback transactions and limits the ability of OneBeacon Ltd., OBH, SIG and their respective subsidiaries to consolidate, merge or transfer their properties and assets. The indenture and fiscal agency agreement do not contain any financial ratios or specified levels of net worth or liquidity to which OneBeacon Ltd., OBH or SIG must adhere. As of December 31, 2014, OneBeacon Ltd., OBH and SIG were in compliance with all of the covenants under the OBH Senior Notes and the SIG Senior Notes, and anticipate they will continue to remain in compliance with these covenants for the foreseeable future. | 144 | 10K |
2281 | 1,293 | Pretax income was $108 million, a 10% decline from last year. In 2003, pretax margins in this segment were 9.1%, down from 11.4% in 2002. Margins in this segment were reduced by: | 32 | 10K |
Sampoplc-AR_2019 | 189 | Weather-related claims were EUR 13 million below normal level and amounted to EUR 10 million. Large claims were | 18 | annual_report |
PhoenixGroupHoldingsPLC-AR_2012 | 1,087 | The Group recognises the importance of continued staff development and manages a variety of external and in-house training programmes, ranging from induction, through to coaching and leadership skills. Voluntary staff turnover and absence rates compare very favourably with industry benchmarks. | 40 | annual_report |
NatwestGroupPLC-AR_2014 | 1,447 | Committee’s report on pages 73 to 93 includes more detail on how risk is taken into account in remuneration decisions. | 20 | annual_report |
1349 | 266 | In the normal course of business, the Company seeks to reduce the loss that may arise from events that could cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with other insurance enterprises or reinsurers. Reinsurance premiums ceded are expensed and the commissions recorded thereon are earned on a monthly pro-rata basis over the period the reinsurance coverage is provided. Amounts recoverable from reinsurers are estimated in a manner consistent with the claim liability associated with the reinsured policy. Provision is made for estimated unrecoverable reinsurance. | 92 | 10K |
NatixisSA-AR_2018 | 1,245 | Key advisory skills: a nationally and internationally renowned industrialist, with expertise in large corporations and strategic issues. | 17 | annual_report |
4385 | 1,805 | In 2011 and 2010, all of this liability represented account balances where future benefits are not guaranteed. | 17 | 10K |
NatwestGroupPLC-AR_2015 | 2,602 | Net interest income increased by £67 million or 4%, largely reflecting re-pricing activity on deposits partly offset by the impact of reduced asset margins, a result of the net transfer in of lower margin legacy loans (after the cessation of Non-Core). Noninterest income was down £42 million or 3% as lower CIB | 52 | annual_report |
ScorSE-AR_2014 | 3,840 | ROE Return on equity is based on the Group’s share of net income divided by average shareholders’ equity (calculated as shareholders’ equity at the beginning of the period adjusted for the effect of all movements during the period, prorata temporis). | 40 | annual_report |
5715 | 768 | Foreign currency transactions for the years ended December 31, 2019 and 2017 resulted in net losses of $243,000 and $685,000, respectively. Foreign currency transactions for the year ended December 31, 2018 resulted in a net gain of $73,000. | 38 | 10K |
4191 | 2,224 | In June 2010, we issued senior notes having an aggregate principal amount of $400 million, with an interest rate equal to 7.700% per year payable semi-annually, and maturing in June 2020 (“2020 Notes”). The 2020 Notes are our direct, unsecured obligations and will rank equally with all of our existing and future unsecured and unsubordinated obligations. We have the option to redeem all or a portion of the 2020 Notes at any time with proper notice to the note holders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread. The net proceeds of $397 million from the issuance of the 2020 Notes were used to repay $100 million of outstanding borrowings under each of our five-year revolving credit facilities and the remainder of the proceeds were used for general corporate purposes. | 159 | 10K |
HiscoxLtd-AR_2008 | 986 | The Group’s land and buildings assets relate to freehold property in the United Kingdom. | 14 | annual_report |
3947 | 1,505 | A form of reinsurance is also provided through The Terrorism Risk Insurance Act of 2002 (TRIA). TRIA was originally signed into law on November 26, 2002, and extended on December 22, 2005, in a revised form, and extended again on December 26, 2007. TRIA provides a temporary federal backstop for losses related to the writing of the terrorism peril in property casualty insurance policies. TRIA now is scheduled to expire December 31, 2014. Under regulations promulgated under this statute, insurers are required to offer terrorism coverage for certain lines of property casualty insurance, including property, commercial multi-peril, fire, ocean marine, inland marine, liability, aircraft and workers’ compensation. In the event of a terrorism event defined by TRIA, the federal government would reimburse terrorism claim payments subject to the insurer’s deductible. The deductible is calculated as a percentage of subject written premiums for the preceding calendar year. Our deductible in 2009 was $383 million (20 percent of 2008 subject premiums), and we estimate it is $369 million (20 percent of 2009 subject premiums) in 2010. | 174 | 10K |
5101 | 683 | $1.7 million recorded in the corporate segment related primarily to severance and residual contracts resulting from our previously reported cost management program, | 22 | 10K |
5152 | 1,151 | The pricing services provide a single value per instrument quoted. We review the values provided for reasonableness each quarter by comparing market yields generated by the supplied value versus market yields observed in the market place. We also compare yields indicated by the provided values to appropriate benchmark yields and review for values that are unchanged or that reflect an unanticipated variation as compared to prior period values. We utilize a primary pricing service for each security type and compare provided information for consistency with alternate pricing services, known market data and information from our own trades, considering both values and valuation trends. We also review weekly trades versus the prices supplied by the services. If a supplied value appears unreasonable, we discuss the valuation in question with the pricing service and make adjustments if deemed necessary. To date, our review has not resulted in any changes to the values supplied by the pricing services. The pricing services do not provide a fair value unless an exchange traded price or multiple observable inputs are available. As a result, the pricing services may provide a fair value for a security in some periods but not others, depending upon the level of recent market activity for the security or comparable securities. | 209 | 10K |
ScorSE-AR_2013 | 790 | SCOR Global Life's main business area with leadership positions in several locations and strong growth in emerging markets. | 18 | annual_report |
2037 | 538 | 2) A warrant to purchase, at any time prior to December 15, 2050, 1.2508 shares of RGA stock at an exercise price of $50. The fair market value of the warrant on the issuance date is $14.87 and is detachable from the preferred security. | 44 | 10K |
1790 | 604 | Commissions and general expenses increased by approximately $4.6 million or 37% in 2000 compared to 1999. The following table details the components of commission and other general expenses: | 28 | 10K |
fr_axa-AR_2009 | 5,703 | All cumulative past actuarial gains and losses on all employee benefi t plans were recognized in retained earnings as at | 20 | annual_report |
LloydsBankingGroupPLC-AR_2016 | 2,631 | Total Secured 294,503 302,413 1 Specialist lending has been closed to new business since 2009. | 15 | annual_report |
SwissLifeHoldingAG-AR_2012 | 349 | The variable compensation components are linked to the strategic objectives of the Group and the individual divisions, and the associated financial and HRrelated targets. They are based on the achievement of annual objectives defined in advance for a period of three years as part of medium | 46 | annual_report |
2000 | 773 | The consolidated financial statements include StanCorp and its subsidiaries. All significant intercompany balances and transactions have been eliminated. Certain 2001 and 2000 amounts have been reclassified to conform with the current presentation. | 32 | 10K |
HannoverRueckSE-AR_2016 | 101 | 6. Profit or loss on ordinary activities before tax 1,241,772 1,063,973 7. Taxes on profit and income 288,027 155,681 9. Profit for the financial year 949,232 905,801 10. Profit brought forward from previous year 85,163 2,462 11. Allocations to other retained earnings 395 250,263 | 44 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014 | 3,258 | — Reinsurance: We have been in the business of insuring insurers since 1880. — Munich Health: We have a strong footing in the international health market. — ERGO: Our primary insurers offer security mainly for private clients and for small and medium-sized businesses. — Our subsidiary MEAG manages our assets and offers investment products for private clients and institutional investors. | 60 | annual_report |
SwissReAG-AR_2017 | 2,126 | Swiss Re’s full proprietary integrated risk model is an important tool for managing the business: we use it to determine the economic capital required to support the risks on our books as well as to allocate risk-taking capacity to the different lines of business. | 44 | annual_report |
3674 | 3,552 | The Company’s affiliates in Korea file separate tax returns and are subject to audits by the local taxing authority. The general statute of limitations is five years from when the return is filed. A local district office in the Korean tax authority has concluded a routine tax audit of the local taxes for tax years ending March 31, 2004 through March 31, 2007 of Prudential Life Insurance Company of Korea, Ltd. | 71 | 10K |
AegonNV-AR_2019 | 8,134 | Meeting to issue shares. Subject to the approval of the Supervisory Board, the Executive Board shall also determine the conditions applicable to the aforementioned choices; and 7. The Company’s policy on reserves and dividends shall be determined and can be amended by the Supervisory Board, upon the proposal of the Executive Board. The adoption and each amendment of the policy on reserves and dividends thereafter, shall be discussed and accounted for at the General Meeting of Shareholders under a separate agenda item. | 82 | annual_report |
3498 | 1,501 | automobile liability is the implicit loss cost trend, particularly the severity trend component of loss costs. A 2.0 point change in assumed annual severity for the two most recent accident years would have changed the estimated net reserve by $13.2 million at December 31, 2007, in either direction. Assumed annual severity for accident years prior to the two most recent accident years is likely to have minimal variability. | 68 | 10K |
AssicurazioniGeneraliSpA-AR_2015 | 1,720 | Loans and receivables are accounted for at settlement date and measured initially at fair value and subsequently at amortised cost using the effective interest rate method and considering any discounts or premiums obtained at the time of the acquisition which are accounted for over the remaining term to maturity. Short-term receivables are not discounted because the effect of discounting cash flows is immaterial. Gains or losses are recognised in the profit and loss account when the financial assets are de-recognised or impaired as well as through the normal amortization process envisaged by the amortised cost principle. | 96 | annual_report |
4058 | 350 | In evaluating credit losses, the Company considers a variety of factors in the assessment of a fixed maturity investment including: (1) the time period during which there has been a significant decline below cost; (2) the | 36 | 10K |
AegonNV-AR_2006 | 3,985 | Impairment charges on fi nancial assets, excluding receivables 142 147 275 | 11 | annual_report |
4143 | 6,444 | We also measure, manage and monitor market risk associated with our general account investments, both those backing insurance liabilities and those supporting surplus. This process involves Corporate Portfolio Management and Goodwin, our Hartford-based asset management affiliate. These organizations work together, make recommendations and report results to our Investment Policy Committee, chaired by the Chief Investment Officer. Please refer to the sections that follow, including “Debt and Equity Securities Held in General Account”, for more information on our investment risk exposures. We regularly refine our policies and procedures to appropriately balance market risk exposure and expected return. | 96 | 10K |
1903 | 770 | During 2002, the Company recorded additional goodwill of $13,026,000 relating to the acquisition of CMSI (see Note 23). In addition, goodwill relating to the Combination was reduced by $2,175,000 relating to a corresponding decrease in a portion of the valuation allowance established against net deferred income tax assets recorded by UWS prior to the Combination. | 55 | 10K |
5618 | 950 | damages arising from a single event, an operating unit may quantify claims on the basis of the number of separate parties involved in an event. This may be the case with businesses writing substantial automobile or transportation exposure. | 38 | 10K |
NatixisSA-AR_2005 | 1,768 | Under IFRS, insurance investments (B 23.4 billion) are reclassified by type: - Investments in marketable securities have been reclassified taking into account the new classification rules under IAS 32 and IAS 39: ° Assets at fair value through profit or loss (B4.7 billion) | 43 | annual_report |
NatwestGroupPLC-AR_2007 | 4,314 | Commitments to lend include commercial standby facilities and credit lines, liquidity facilities to commercial paper conduits and unutilised overdraft facilities. | 20 | annual_report |
SwissReAG-AR_2006 | 158 | Reduce earnings volatility As the world’s leading reinsurer, Swiss Re underwrites significant exposures. In addition to its scale and diversification, the Group applies a wide range of tools to reduce earnings volatility. Swiss Re employs hedging instruments to manage financial market risks, | 42 | annual_report |
4072 | 1,135 | Of such amount, gross realized losses of $44 million (which is a component of the $16 million of realized net capital losses discussed in Note 4(h)) related to the "deemed sales" treatment accorded transfers of securities under the Securities Lending Program in the fourth quarter of 2008 as a result of significantly reduced collateral levels. | 55 | 10K |
RSAInsuranceGroupPLC-AR_2006 | 445 | The Board has a formal schedule of matters specifically reserved to it, which can only be amended by the Board itself and which is reviewed annually. Matters reserved to the Board include: • Approval of the Group’s long term objectives and commercial strategy, | 43 | annual_report |
fr_axa-AR_2016 | 6,356 | The statement of income of the United Kingdom Life & Savings business operations classifi ed as ’Discontinued operations’ (including both operations for which the disposal process was not fi nalized as of December 31, 2016 and operations for which the sale was completed in 2016) is as follows: (in Euro million) | 51 | annual_report |
HelvetiaHoldingAG-AR_2014 | 1,291 | Directors may not. The share purchase plan is not open to employees abroad. The costs associated with the share purchase plan in 2014 were recognised in the income statement at CHF 0.9 million (previous year: CHF 0.5 million). | 38 | annual_report |
5874 | 954 | The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. | 31 | 10K |
4983 | 948 | The maximum amount of assets held in a specific currency (with the exception of the U.S. dollar) is measured relative to risk targets and is monitored regularly. | 27 | 10K |
RSAInsuranceGroupPLC-AR_2019 | 700 | Scott Egan Our challenges are not so different. We’re all grappling with how we make good use of technology to make our business more efficient and serve our customers well. We’re exploring the opportunities of data to drive continuous improvement, and we’re always looking to improve how we support and motivate our employees to attract and retain the best talent. There’s no magic formula to solve any of these issues – the key is to learn from best practice and those around you. That’s why it works so well to operate as RSA does as a group – our markets have many similar dynamics. We constantly leverage one another’s knowledge to hear what is working well and we steal with pride! | 121 | annual_report |
4344 | 937 | We seek to manage our investment portfolio in part to reduce its exposure to interest rate fluctuations. In general, the market value of our fixed maturity portfolio increases or decreases in an inverse relationship with fluctuations in interest rates, and our net investment income increases or decreases in direct relationship with interest rate changes. For example, if interest rates decline, our fixed maturity investments generally will increase in market value, while net investment income will decrease as fixed income investments mature or are sold and proceeds are reinvested at the declining rates, and vice versa. Management is aware that prevailing market interest rates frequently shift and, accordingly, has adopted strategies that are designed to address either an increase or decrease in prevailing rates. | 123 | 10K |
NatixisSA-AR_2011 | 6,986 | Employee benefi ts fall into four categories: • “ short-term benefits”, including salaries, social security contributions, annual leave, employee profit-sharing, incentive plans, top-up contributions and bonuses payable in the twelve months following year-end; • “ termination benefits”, which should be recognized when the entity is demonstrably committed to terminating the employment of an employee before the normal retirement date, or to providing termination benefits as a result of an offer made in order to encourage voluntary redundancy; • “ post-employment benefits”, such as pensions, other supplementary retirement benefits applicable to the banking industry, end-of-career awards and other contractual benefits payable to retirees; • “ other long-term employee benefits”, including long service awards and deferred compensation payable in cash under Employee Retention and Performance Recognition Plans. | 125 | annual_report |
AvivaPLC-AR_2002 | 67 | Aviva relative to FTSE Eurotop 300 Life Assurance and FTSE Eurotop 300 | 12 | annual_report |
4557 | 2,087 | Actual cash payments to policyholders may differ significantly from the liabilities as presented in the consolidated balance sheet and the estimated cash payments as presented in the table due to differences between actual experience and the assumptions used in the establishment of these liabilities and the estimation of these cash payments. | 51 | 10K |
5203 | 1,729 | As of December 31, 2016 (Successor Company), we held a total of 2,375 positions that were in an unrealized loss position. Included in that amount were 153 positions of below investment grade securities with a fair value of $1.2 billion that were in an unrealized loss position. Total unrealized losses related to below investment grade securities were $116.9 million, $108.1 million of which had been in an unrealized loss position for more than twelve months. Below investment grade securities in an unrealized loss position were 2.4% of invested assets. | 89 | 10K |
CNPAssurancesSA-AR_2005 | 1,137 | The management accounts generated after period-end entries have been recorded provide an operational and economic snapshot of the components of income. Consistency tests between the various information sources and analytical reviews of the main variances are also performed. | 38 | annual_report |
StandardLifeAberdeenPLC-AR_2017 | 324 | Our strategic objectives are the key areas we are focusing on to deliver against our business model, to help us make the most of our market opportunities. | 27 | annual_report |
LloydsBankingGroupPLC-AR_2019 | 5,052 | Costs which are directly attributable and incremental to securing new non-participating investment contracts are deferred. This asset is subsequently amortised over the period of the provision of investment management services and its recoverability is reviewed in circumstances where its carrying amount may not be recoverable. If the asset is greater than its recoverable amount it is written down immediately through fee and commission expense in the income statement. All other costs are recognised as expenses when incurred. | 77 | annual_report |
2853 | 1,150 | principally due to the reversal of $20.1 million in accruals related to executive compensation, bonuses and incentive compensation in 2004 that did not recur in 2005. In addition, we have experienced growth in the number of employees in our Reinsurance segment and we were in our new facilities for the full year in 2005 when compared to 2004. As a result, our underlying operating expenses have increased. | 67 | 10K |
5251 | 1,095 | Net investment income - P&C operations includes all net investment income related to the net results from structure products and excludes all net investment income from the assets supporting the Life Funds Withheld Assets, as defined in Item 8, Note 2(g), "Acquisitions and Disposals - Sale of Life Reinsurance Subsidiary. | 50 | 10K |
5284 | 1,409 | For the year ended December 31, 2015, as part of the Company's periodic review of key inputs and parameters it uses to establish its reserve for losses and loss expenses and in order to recognize accumulated historical experience and other relevant industry information, the Company adjusted the loss reporting patterns used for a limited number of business units within the Insurance and Reinsurance segments. For the Insurance segment, the loss reporting patterns were accelerated for the healthcare business within the casualty and other specialty line of business, and slowed for the professional liability business within the professional line of business. For the Reinsurance segment, the loss reporting pattern used for the U.S. and international property catastrophe business within the catastrophe line of business was accelerated for the most recent accident year and slowed for subsequent accident years. | 137 | 10K |
2941 | 931 | The expense ratio (the ratio, expressed as a percentage, of other operating expenses to net earned premiums) was 24.2% for 2005 and 27.3% for 2004. Our expense ratio for 2005 was negatively impacted by Hurricane Katrina, whose net impact was to reduce other operating expenses for the year by $1.8 million and reduce net earned premiums for the year by $12.9 million, resulting in an increase in our expense ratio of 1.0 point. Our 2004 expense ratio was negatively impacted by the expense ratio of 76.5% experienced by our Workers' Compensation Insurance segment in Stonewood Insurance's first year of insurance operations. The Workers’ Compensation Insurance segment had an expense ratio of 34.2% for 2005. | 114 | 10K |
5692 | 1,428 | The permanent risk adjustment program established by the ACA transfers funds from qualified individual and small group insurance plans with below average risk scores to those plans with above average risk scores within each state. The Company estimates the receivable or payable under the risk adjustment program based on its estimated risk score compared to the state average risk score. The Company may record a receivable or payable as an adjustment to premium revenues to reflect the year-to-date impact of the risk adjustment based on its best estimate. The Company refines its estimate as new information becomes available. | 98 | 10K |
75 | 509 | REINSURANCE - The acceptance by one or more insurers, called reinsurers, of all or a portion of the risk underwritten by another insurer who has directly written the coverage. However, the legal rights of the insured generally are not affected by the reinsurance transaction and the insurance enterprise issuing the insurance contract remains liable to the insured for payment of policy benefits. | 62 | 10K |
NatwestGroupPLC-AR_2016 | 626 | - NatWest Markets gained or held share in every Rates & FX product category for EMEA and the Americas (Source: Coalition Client Analytics Top 500 FI Wallets: G10 Foreign Exchange, G10 Rates) | 32 | annual_report |
fr_axa-AR_2000 | 1,954 | The issuance of ordinary shares of AXA during 2000 primarily related to the following activities: • In connection with the acquisition of the outstanding minority interests of AXA Financial, AXA completed its offer of the outstanding minority shareholders on December 29, 2000. Upon completion of the exchange offer AXA issued 20.9 million ordinary shares in the form of AXA ADSs to the minority shareholders of AXA | 66 | annual_report |
4494 | 788 | The consolidated loss and loss adjustment expense ratio of 72.9% in 2011 was 11.9 points higher than the loss and loss adjustment expense ratio of 61.0% in 2010. Catastrophe losses accounted for 11.6 points and 5.2 points of the 2011 and 2010 loss and loss adjustment expense ratios, respectively. Net favorable prior year reserve development provided 3.2 points and 5.8 points of benefit to the consolidated loss and loss adjustment expense ratio in 2011 and 2010, respectively. The consolidated loss and loss adjustment expense ratio excluding catastrophe losses and prior year reserve development in 2011 was 2.9 points higher than the 2010 ratio on the same basis, primarily reflecting the impact of loss cost trends and higher non-catastrophe weather-related losses. | 120 | 10K |
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