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5422
2,411
Net loss increased in 2016 primarily due to a $423 after-tax loss on the reinsurance transaction that cedes adverse development on asbestos and environmental reserves and higher unfavorable net asbestos and environmental prior accident year development associated with the Company's comprehensive annual review. Net real...
85
10K
4554
1,165
Mortgage loans represented approximately 7.0% and 4.0% of the Company’s invested assets as of December 31, 2012 and 2011, respectively. The Company makes mortgage loans on income producing properties, such as apartments, retail and office buildings, light warehouses and light industrial facilities. Loan-to-value ratios...
79
10K
de_allianz-AR_2007
738
Income before income taxes and minority interests in earnings 865 829 735 720 425 409 1) Represents fee and commission income less fee and commission expense.
26
annual_report
2927
609
Capital Title Agency Inc. (“Capital Title”) is an Arizona corporation, which has operated under the authority of the Arizona State Banking Commission since November 1981. Capital Title is an independent title agency that provides escrow services and issues title insurance policies to the real estate industry in Maricop...
55
10K
2217
436
Net income for the fiscal year ended June 30, 2003 was approximately $6.4 million as compared to approximately $4.5 million for the fiscal year ended June 30, 2002; a 44% increase. Earnings per diluted share increased by $0.24, to $0.80 for the fiscal year ended June 30, 2003.
48
10K
500
170
Tax-exempt Taxable Credit considerations are an important part of General Re's Nonrated .05 1.3 fixed-maturity investment strategy. The overall fixed- Below BBB .01 2.1 maturity portfolio continued to have an average credit rating BBB 2.1 3.8 of AA at December 31, 1996. The distribution of General Re's North A 22.1 17....
73
10K
INGGroepNV-AR_2013
721
• ING won several mandates for the refinancing of Clondalkin’s core debt financing of approximately EUR 585 million, primarily in fixed and floating rate notes. The transactions, which included a receivables securitisation programme alongside a USD Term Loan, have transformed the structure of the Clondalkin Group, an i...
65
annual_report
451
208
The individual health benefit ratio increase was primarily due to higher claims experience in New Jersey, where that state implemented certain adverse restrictions on health insurers. To offset this experience, the Company implemented rate increases to significantly reduce future losses.
40
10K
TrygAS-AR_2006
1,120
In special instances the employee can enter a contract with the group to receive compensation for loss in pension benefits caused by the reduced working hours. The group recognises this liability based on statistical models.
35
annual_report
SwissLifeHoldingAG-AR_2009
2,473
Based on detailed assessments with regard to indications of impairment, impairment losses from continuing operations totalling CHF 174 million were recognised in the period under review (2008: CHF 3108 million). The impairment losses in 2009 related to equity instruments were CHF 180 million and gains with regard to de...
69
annual_report
189
1,372
The cost to the Company associated with the Aetna postretirement plans for 1995, 1994 and 1993 were $1.4 million, $1.0 million and $0.8 million, respectively.
25
10K
5468
1,357
Medical operating expenses decreased by $20.4 million, or 5.4%, to $354.9 million. The operating expense ratio decreased by 50 basis points to 13.6% in 2017. The lower operating expenses and expense ratio are mostly the result of the decrease in the HIP Fee of $44.2 million due to the 2017 moratorium offset by increase...
67
10K
5718
3,296
Equity securities. At December 31, 2017, equity securities were classified as available-for-sale and were reported at fair value, except for certain equity securities that were carried at cost, for which the amount reported approximated fair value. These equity securities carried at cost were reported as Other invested...
126
10K
4663
995
Golden Gate II Captive Insurance Company ("Golden Gate II"), a special purpose financial captive insurance company wholly owned by PLICO, had $575.0 million of outstanding non-recourse funding obligations as of December 31, 2012. These outstanding non-recourse funding obligations were issued to special purpose trusts, ...
346
10K
HelvetiaHoldingAG-AR_2003
1,363
Given the prudence concept applied and the assessment of the carrying value of goodwill a charge for impairment of value in the amount of CHF 74.5 million
27
annual_report
3100
4,591
The balances of and changes in goodwill by segment for the years ended December 31, are as follows.
18
10K
de_allianz-AR_2012
1,439
In 2012, statutory premiums amounted to € 52,347 mn, a decrease of € 516 mn. On an internal basis, premiums decreased by 2.6 % or € 1,354 mn, after excluding positive foreign currency translation effects of € 932 mn. The growth in premiums from traditional products partly compensated for the decrease in investment-orie...
109
annual_report
AegonNV-AR_2006
4,559
The coupon is reset each quarter based on the then prevailing tenyear US dollar interest rate swap yield, with a maximum of 8.5%. The interest rate exposure on some of these securities has been swapped, using derivatives, to three-month LIBOR yield.
41
annual_report
1321
756
(1.) Refer to the Glossary of Insurance Terms on page 60 of this report on Form 10-K for definitions of specific terms.
22
10K
INGGroepNV-AR_2008
1,058
Executive Board long-term incentive plan 2009 Under the terms of the Illiquid Assets Back-up Facility agreed with the Dutch State in January 2009, the individual Executive Board members will not receive a 2009 long-term incentive award.
36
annual_report
GjensidigeForsikringASA-AR_2016
1,037
1. Organic growth is expected to be in line with nominal GDP growth in Gjensidige’s market areas in the Nordic countries and the Baltic states over time. In addition, profitable growth will be achieved by pursuing a disciplined acquisition strategy, as has been done successfully over the past ten years.
50
annual_report
LloydsBankingGroupPLC-AR_2005
1,318
In addition, the following amounts have been recognised in the income statement: 2005 2004 £m £m
16
annual_report
ScorSE-AR_2014
422
Refer to Section 20.1.6 – Notes to the consolidated financial statements - Note 26 - Insurance and financial risk for the detailed ranking by maturity of fixed-term investments in the Group’s portfolio as at 31 December 2014. Refer to Section 4.2.1 – SCOR faces risks related to its fixed income investment portfolio - a...
111
annual_report
3843
1,136
We derive our revenues primarily from the issuance of insurance policies and reinsurance contracts. Insurance and reinsurance premiums are driven by the volume and classes of business of the policies and contracts that we write which, in turn, are related to prevailing market conditions. The premium we charge for the r...
169
10K
5658
1,128
and Maria, the two earthquakes in Mexico, the wildfires in Northern and Southern California, and other U.S. weather-related events. Comparatively, in 2016 we incurred $204 million or 5.6 points of losses attributable to catastrophe and weather-related events.
37
10K
2387
1,649
Price increases: We file rate changes on a state-by-state basis. Our average written price increase, which includes rate changes and exposure growth, was 3% in 2004, 10% in 2003 and 15% in 2002. Price changes are reflected on existing policies at renewal, resulting in an increase to 2004 net earned premiums of approxim...
116
10K
fr_axa-AR_2014
7,154
(b) Carrying value, i.e net of impairment, discount premiums and related amortization, including accrued interest, but excluding any impact of derivatives.
21
annual_report
ScorSE-AR_2013
2,169
Article 10 (“Administration”) of SCOR SE’s bylaws requires that Directors own at least one share of the Company during the term of their directorship.
24
annual_report
1477
430
Investment real estate 3,506,386 3,506,386 3,506,386 Mortgage loans on real estate 156,000 156,000 156,000 Policy loans 4,270,588 4,270,588 4,270,588 Short-term investments 610,379 610,379 610,379
24
10K
RSAInsuranceGroupPLC-AR_2007
386
as an insurer: We are committed to engaging in the climate change debate and work closely with forums such as the United Nations, FORGE group and ‘We’re in this Together’ initiative We remain vocal in the UK on key environmental issues and continue to lobby on increased funding for flood defences and action on climate ...
111
annual_report
GjensidigeForsikringASA-AR_2011
158
General insurance norway • General insurance is Gjensidige’s core business • A complete supplier of general and accident and health insurance to private, commercial and agricultural customers in Norway • 753,000 private customers • 165,000 commercial and agricultural customers asset management • The asset management fu...
151
annual_report
ch_zurich_insurance_group-AR_2004
263
Operational efficiency and professional integrity are inseparable, and our principles for doing business are firmly anchored in our core values, as expressed in Zurich Basics.These values guide us to do not only the right things, but also in the right way.The success of our business depends as much on the trust of our ...
79
annual_report
BaloiseHoldingLtd-AR_2007
676
t the backdrop of the SWX C all dar mployees. Baloise is confi dent that outstanding corporate vernance will have a positive eff ect on the long-term for more transparency ous ye ise is as a public Swiss law
39
annual_report
3686
832
uncertainties in income taxes recognized in accordance with Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes” by prescribing guidance for the recognition, derecognition and measurement in financial statements of income tax positions taken in previously filed returns or tax positions exp...
133
10K
fr_axa-AR_2017
891
Net capital gains or losses attributable to shareholders net of income tax 2 (5)
14
annual_report
5173
806
Health Insurance Industry Tax and Premium Stabilization Programs. The industry-wide amount of the Health Insurance Industry Tax was $11.3 billion in 2015 and will remain at that level in 2016. A provision in the 2016 Federal Budget imposes a one year moratorium for 2017, on the collection of the Health Insurance Indust...
95
10K
107
296
During 1994 and 1993, withdrawals of contracts reported in the Other Operations segment, including contract terminations, payments to participants and transfers to other carriers, were approximately $130 million and $309 million, respectively. Withdrawals during 1994 and 1993 were at levels expected by management and r...
72
10K
DirectLineInsuranceGroupPLC-AR_2019
3,023
Income statement: Net interest income / (cost)1 2.7 (2.2) 0.5 Administration costs (0.5) – (0.5)
15
annual_report
ch_zurich_insurance_group-AR_2007
564
The Board of Directors is responsible for developing the agenda and sending it to the shareholders. Shareholders with voting rights who together represent shares with a nominal value of at least CHF 10,000 may request in writing, no later than 45 days before the day of the meeting, that specific proposals be included o...
56
annual_report
PhoenixGroupHoldingsPLC-AR_2012
580
– Maximises shareholder value through clear, rigorous assessment of business opportunities.
11
annual_report
ch_zurich_insurance_group-AR_2007
1,504
If the investment contract is subject to a put or surrender option, the fair value of the financial liability is never recorded at less than the amount payable on surrender, discounted for the required notice period, where applicable.
38
annual_report
4960
966
Amounts included in the statements of operations, statements of changes in shareholders’ equity and statements of cash flows for the year: US$0.16137:CNY1
22
10K
3865
2,170
The table below presents information about the nature and accounting treatment of the Company’s primary derivative financial instruments. Derivatives in the Company’s separate accounts are not included because associated gains and losses generally accrue directly to policyholders.
37
10K
4474
2,086
exposures. Basis risk in the portfolio arises primarily from (i) variability in the ratio of benchmark tax-exempt to taxable interest rates, (ii) potential changes in the counterparty bond issuers’ bond-specific variable rates relative to taxable interest rates, and (iii) variability between Treasury and swap rates. Th...
80
10K
2963
535
ULI losses and LAE increased 7.6%, or $1,189,422, to $16,874,524 in 2006 from $15,685,102 a year ago. The increase was due primarily to favorable loss development during 2005 as a result of fewer loan defaults, bankruptcies and automobile repossessions among our ULI customers.
43
10K
BaloiseHoldingLtd-AR_2006
3,191
If there is an objective evidence for an impairment loss on loans and accounts receivable or fi nancial assets held to maturity, the impairment loss is determined as the difference between the asset’s carrying value and the present value of the future cash fl ows, discounted using the fi nancial asset’s adequate effect...
92
annual_report
AegonNV-AR_2018
8,513
Disclaimer Cautionary note regarding non-IFRS-EU measures This document includes the following non-IFRS-EU financial measures: underlying earnings before tax, income tax and income before tax. These non-IFRS-EU measures are calculated by consolidating on a proportionate basis Aegon’s joint ventures and associated compa...
62
annual_report
1702
718
Increases and decreases in prevailing interest rates generally translate into decreases and increases in fair values of fixed maturity investments, respectively. Additionally, fair values of interest rate sensitive instruments may be affected by the credit worthiness of the issuer, prepayment options, relative values o...
56
10K
NatixisSA-AR_2020
11,947
resolves that Company share purchases may relate to a2) number of shares such that: the first paragraph corresponds to the number of shares purchased, net of the number of shares resold during the authorization period; the number of shares that the Company buys during theV buyback program may not, at any time, exceed 1...
329
annual_report
2335
1,230
Par value, amortized cost and estimated fair value of investments in asset and mortgage-backed securities available-for-sale summarized by interest rates of the underlying collateral are as follows:
27
10K
AdmiralGroupPLC-AR_2015
2,556
The goodwill held on the balance sheet at 31 December 2015 is allocated solely to the UK Car Insurance segment.
20
annual_report
ScorSE-AR_2008
1,643
The retrocessions also meet the requirements of the ratings agencies, primarily because the retrocession rate can be modulated based on capital needs in terms of business cycles. The rating agencies confi rmed that they are maintaining their rating with regard to this new organisation of the Group.
47
annual_report
RaiffeisenBankInternationalAG-AR_2019
3,793
The liquidity scenarios are modelled using a Group-wide approach, acknowledging local specifications where they are justified by influencing factors such as the market environment or certain business characteristics; the calculation is performed at RBI AG. The modelling of cash inflows and outflows differentiates betwe...
100
annual_report
fr_axa-AR_2009
5,724
These projections include assumptions regarding claims, expenses and fi nancial revenues, or they can be estimated on the basis of the new business value. In line with accounting practices in force before the adoption of IFRS, which may continue to be applied under IFRS 4, future premiums relating to acquired business ...
63
annual_report
ASRNederlandNV-AR_2014
14
This Annual Report has been prepared based on the G3.1 sustainability reporting guidelines of the Global Reporting Initiative (GRI) as well. These guidelines are leading benchmark for sustainability reporting. a.s.r.’s sustainability report is prepared according to the level B of the G3.1 guidelines. Appendix 2 contain...
87
annual_report
4925
595
Gross written premiums increased by 39.3% to $1,826.0 million in 2013 from $1,310.7 million in 2012, primarily due to the impact of a large Florida quota share reinsurance contract, new business opportunities, particularly for contracts with catastrophe exposed risks and higher subject premium on casualty quota share b...
153
10K
AvivaPLC-AR_2009
1,549
The Committee receives reports from the external auditor and, at all scheduled meetings, holds discussions with both the Chief Audit Officer and external auditors in the absence of management. The chairman of the Committee reports to the subsequent meeting of the Board on the Committee’s work and the Board receives a c...
61
annual_report
4121
10,390
The change in 2009 in items not yet recognized as a component of net periodic cost, which is recorded in unrecognized pension and other postretirement benefit cost, is shown in the table below.
33
10K
nl_ing_grp-AR_2018
2,516
Reference is made to Note 39 ‘Fair value of assets and liabilities’ and Market risk in Note 53 ‘Risk management’ for the basis of the determination of the fair value of financial instruments and related sensitivities.
36
annual_report
gb_lloyds_banking_grp-AR_2009
2,374
The Group had limited access to the term capital markets for large periods of 2009 due to highly market sensitive on-going negotiations around the Government Asset Protection Scheme and market recapitalisation.
31
annual_report
StandardLifeAberdeenPLC-AR_2018
1,346
 The Committee reviewed the annual findings of the Audit Quality Review (AQR) team of the FRC in respect of KPMG’s audits. We requested a formal report from KPMG of the applicability of the findings to Standard Life Aberdeen both in respect of generally identified failings and failings specific to individual audits. T...
127
annual_report
2217
412
Health Card utilizes its comprehensive pharmacy benefit database to perform outcome studies and to develop disease information programs which are used to reduce overall healthcare costs. The Company's Integrail division uses its software tools to analyze and predict outcomes for both medical and pharmacy data. These pr...
108
10K
HannoverRueckSE-AR_2011
430
insurance is Hannover Re’s largest business group. We do not pursue any growth targets here, but instead practise active cycle management according to which we expand our busi­
28
annual_report
NatwestGroupPLC-AR_2020
888
Our improved NPS scores in Retail Banking reflect the commitment we have shown to our customers during the COVID-19 pandemic and the positive feedback we have received from customers, especially those supported from our frontline during this difficult period. Our Business Banking customers have told us they have felt w...
93
annual_report
RaiffeisenBankInternationalAG-AR_2012
708
Net provisioning for impairment losses (41) (17) 143.5% (16) (8) 93.2%
11
annual_report
3511
5,669
Our ratings are influenced by many factors including our operating and financial performance, asset quality, liquidity, asset/liability management, overall portfolio mix, financial leverage (i.e., debt), exposure to risks such as catastrophes and the current level of operating leverage. There were no changes to the rat...
49
10K
5415
10,323
Service Businesses comprise SquareTrade, Arity, Allstate Roadside Services and Allstate Dealer Services and offer consumer product protection plans, device and mobile data collection services and analytic solutions, roadside assistance, and finance and insurance products (including vehicle service contracts, guaranteed...
98
10K
1934
674
Financial Security Assurance Holdings Ltd. (the Company) is a holding company incorporated in the State of New York. The Company is principally engaged, through its insurance company subsidiaries, in providing financial guaranty insurance on asset-backed and municipal obligations. The Company's underwriting policy is t...
262
10K
4533
1,214
The yen net asset figure calculated for hedging purposes differs from the yen-denominated net asset position as discussed in the Currency Risk subsection of MD&A. As disclosed in that subsection, the consolidation of the underlying assets in certain VIEs requires that we derecognize our yen-denominated investment in th...
101
10K
2931
197
As of any balance sheet date, not all claims have been reported and some claims may not be reported for many years. As a result, the liability for unpaid losses includes significant estimates for incurred-but-not-reported ("IBNR") claims. The following table shows the estimated liability as of December 31, 2005 for unp...
67
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,978
Disclosures on the extent and type of risks from insurance contracts and financial instruments (37) Risks from insurance contracts in the life and health segment 230 (38) Risks from insurance contracts in the property-casualty segment 235 (39) Credit risks from assumed and ceded reinsurance business 239 (40) Market ris...
56
annual_report
1245
283
Effective June 1, 1994, Golden American entered into a modified coinsurance agreement with an unaffiliated reinsurer. The accompanying financial statements are presented net of the effects of the treaty which increased income by $1,729,000, $1,022,000, $265,000, and $335,000 for the years ended December 31, 1999 and 19...
67
10K
4631
12,247
The percentages shown in the following table represent the linear interpolation of where OneBeacon’s recorded loss and LAE reserves, net of reinsurance recoverable on unpaid losses, are within the range of reserve estimates at December 31, 2012 and 2011, where the low end of the range equals zero, the middle of the ran...
122
10K
RSAInsuranceGroupPLC-AR_2010
2,561
The aggregate emoluments of the Directors, including amounts received from subsidiaries, were as follows: Emoluments of Executive Directors 4,270 4,599
20
annual_report
2031
1,230
Liabilities: Due to consolidated subsidiaries $ 97,909 $100,976 Other liabilities 6,850 4,686 -------- -------- Total liabilities 104,759 105,662
18
10K
gb_prudential-AR_2009
1,811
The liabilities for these contracts and those of Prudential Annuities Limited, which is a subsidiary company of the PAC with-profits funds, are determined differently. For these contracts the liabilities are estimated using actuarial methods based on assumptions relating to premiums, interest rates, investment returns,...
77
annual_report
Sampoplc-AR_2016
178
During the year If P&C has also focused on Gender Equality. The Equal Opportunites Advisory Board, started in 2015, has been active in hosting workshops in management teams and has proposed strengthening HR processes such as recruitment, succession planning and leader evaluation to further secure gender equality in the...
50
annual_report
1931
181
FASB Interpretation No. 45, "Guarantor Accounting," will significantly change current practice in the accounting for, and disclosure of, guarantees. Most guarantees are to be recognized and initially measured at fair value, which is a change from current practice. In addition, guarantors will be required to make signif...
167
10K
NatwestGroupPLC-AR_2005
2,130
Non-trading derivatives Under previous GAAP, hedging derivatives were accounted for in accordance with the treatment of the hedged transaction. As a result any gains or losses on the hedging instrument arising from changes in fair values were not recognised in the profit and loss account immediately but accounted for i...
99
annual_report
3278
1,579
Finance expenses also include the amortization of debt offering costs and offering discounts and fees related to our credit facilities.
20
10K
fr_axa-AR_2015
3,390
Expiry date of options 25/09/2016 13/11/2016 10/05/2017 10/05/2017 10/05/2017 24/09/2017 24/09/2017 19/11/2017 19/11/2017 01/04/2018
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
162
in october, the agenda included issues of corporate governance, an in­depth report on the development and status of ergo international, and discussion of the positioning of Munich re (non­life reinsurance) in greater china.
33
annual_report
4777
1,421
‘Contract based, Technology and Other’ includes all other purchased intangible assets.
11
10K
1929
1,224
This bank facility expires April 16, 2003. It is anticipated that the letter of credit facility will be renewed on expiry, but such renewals are subject to the availability of credit from banks which we utilize. In the event such support is insufficient, we could be required to provide alternative security to cedents. ...
67
10K
nl_ing_grp-AR_2013
5,443
Not shown. In general, similar to the IFRS sensitivity other than longevity risk in the Netherlands, for which changes to assumptions can impact available capital on a present value basis.
30
annual_report
NatixisSA-AR_2020
7,960
6 months to 1 year 1 to 2 years 2 to 5 years
13
annual_report
PowszechnyZakladUbezpieczenSA-AR_2012
1,752
The process of preparing financial statements is performed by the Finance Division of PZU (the Accounting Office and central units operating based on applicable regulations). Finance Division of PZU is supervised by a Member of the Management Board of PZU.
40
annual_report
LloydsBankingGroupPLC-AR_2006
1,905
Not later than 1 year 1 1 Later than 1 year and not later than 5 years – – Later than 5 years 15 15
25
annual_report
2239
411
The following table sets forth other income for the periods shown:
11
10K
ASRNederlandNV-AR_2018
4,375
The interest expense on debts to group companies in 2018 is € 0.1 million (2017: € 0.1 million).
18
annual_report
AvivaPLC-AR_2019
1,693
Of the seven core businesses measured, five were either at or above the competitor benchmark.
15
annual_report
2429
550
The following table summarizes all of our contractual obligations by period as of June 30, 2004 (in thousands):
18
10K
5320
765
Liquidity risk is the risk that Till is unable to meet its financial obligations as they come due. Till manages this risk by the continuous monitoring of its working capital to determine that its investments exceed its estimated obligations.
39
10K
258
395
Full implementation of the restructuring plan will result in the termination of 638 employees (291 employees had been terminated as of June 30, 1995) by eliminating and consolidating duplicate administrative, information systems and sales functions.
35
10K
PosteItalianeSpA-AR_2018
4,632
Losses and impairment losses/ (reversals of impairment losses) on financial assets
11
annual_report
HiscoxLtd-AR_2016
968
The annual bonus and share plan awards to Executive Directors are intended to be closely aligned with the Company’s short-term and long-term objectives. Performance measure targets and target setting
29
annual_report
3684
7,184
In January 2009, the Company undertook an action to reduce the Company’s cost structure and staffing levels due to the current economic environment. The Company severed 143 employees and incurred $2.1 million in expenses in connection with this initiative.
39
10K
PosteItalianeSpA-AR_2019
3,654
If, after the date of preparation of the financial statements, an asset (or disposal group) no longer meets the conditions for classification as held for sale, it must be reclassified following measurement at the lower of: � the carrying amount before the asset (or disposal group) was classified as held for sale, adjus...
98
annual_report
NatixisSA-AR_2018
8,453
FINANCIAL DATA Consolidated financial statements and notes 375Natixis Registration Document 2018
11
annual_report
2305
581
(d)Book value per share is calculated as total stockholders' equity less the liquidation preference of our series preferred stock dividend by the total number of shares of common stock outstanding.
30
10K