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INGGroepNV-AR_2006
551
Strong commercial performance ING Direct is the world’s leading direct bank and the leading direct bank in all nine countries in which it operates. In eight of those countries, except for the US, it is also a top-10 bank overall, measured by retail funds entrusted, demonstrating how direct banking is a mass market busi...
57
annual_report
4877
1,664
General and administrative expenses. General and administrative expenses decreased by $2.1 million, or 2.6%, for the year ended December 31, 2014 compared to the year ended December 31, 2013. The decrease was primarily due to lower compensation related costs. The general and administrative expense ratios for the years ...
54
10K
2675
3,562
In 2003, plans with a PBO in excess of the fair value of plan assets had a PBO of $3.3 billion and plan assets with a fair value of $2.2 billion, and plans with an ABO in excess of the fair value of plan assets had an ABO of $2.7 billion and plan assets with a fair value of $2.0 billion.
61
10K
fr_axa-AR_2017
4,386
Shadow accounting on Value of purchased Business In force - - (105) (10)
13
annual_report
Sampoplc-AR_2013
311
Urzus Group AS, Chairman of the Board; FNO – Finansnæringens hovedorganisasjon, Member of BRS – Line of Business P&C Board
20
annual_report
AssicurazioniGeneraliSpA-AR_2014
2,212
15 In the sensitivity analysis is assumed not to reach the defined impairment triggers.
14
annual_report
gb_lloyds_banking_grp-AR_2018
1,969
During the year, as well as overseeing progress against the Helping Britain Prosper Plan as a whole, the Committee focused on some major and emerging Responsible Business themes.
28
annual_report
1957
624
Under Statement of Financial Accounting Standards No. 115, “Accounting for Certain Investments in Debt and Equity Securities” (“SFAS No. 115”), the Company categorizes all of its investments in debt and equity securities as available for sale. Accordingly, all investments, including cash and short-term cash investments...
166
10K
5453
1,968
As of December 31, 2015 (Successor Company) and December 31, 2016 (Successor Company), net unrealized losses reported in AOCI were offset by $623.0 million and $424.1 million due to the impact those net unrealized losses would have had on certain of the Company's insurance assets and liabilities if the net unrealized l...
58
10K
ScorSE-AR_2016
2,133
The Group Actuarial Department does not intend to provide an alternative best estimate but verifies the adequacy of the assumptions and methods and processes used by the teams of SCOR Global Life to determine the Life reserves. In some cases, the Group Actuarial Department applies a global approach and calculates a con...
66
annual_report
4520
414
In 2012, we generated approximately $1,362,000 of cash from operating activities. This level of cash flow from operating activities is similar to the cash flow generated from operating activities in 2011. We had net income of approximately $1,318,000 in 2012 compared to net income of $591,000 in 2011. During 2012, we p...
245
10K
2152
900
. the impact of each of the factors described under Results of Operations- Lorillard in the MD&A portion of this report;
21
10K
4867
2,590
The majority of the Company’s reinsurance recoverables and payables are associated with the reinsurance arrangements used to effect the Company’s acquisition of the retirement businesses of CIGNA and The
29
10K
NatixisSA-AR_2018
875
Chairman of the Board of Directors of Banque du Léman (Switzerland)a (since 30/11/2018)
13
annual_report
2346
736
During the first quarter 2005, Merrill Lynch Life will transition the policy administration of its inforce life insurance contracts to an unaffiliated third party service provider, which is considered a leading provider of insurance products administration services. Merrill Lynch Life remains committed to the delivery ...
55
10K
SwissReAG-AR_1995
727
Each year we publish our own considerations on global risks. You can take advantage of our specialised knowledge by ordering our publications free of charge.
25
annual_report
fr_axa-AR_2013
9,002
■ Proportion of part-time salaried non-sales force 12.1 % 12.5 %
11
annual_report
4568
876
Investment Yields. We use investment yield rates based on yields available at the time a policy is issued. For policies issued in 2010 and after, we have been using an increasing interest rate assumption to reflect the historically low interest rate environment. Both DAC and the reserve liability increase with the assu...
155
10K
4736
1,941
The discount rate used in determining the projected benefit obligations for the postretirement plan is selected by reference to the year-end Moody’s corporate AA rate, as well as other high-quality indices with similar duration to that of the benefit plans. The rate used for the projected plan benefit obligations at th...
64
10K
AegonNV-AR_2015
4,093
The increase is mainly driven by the sale of La Mondiale, Canada, Clark Consulting and 7IM. This increase is partly offset by the acquisition of Mercer and a 25% stake in La Banque Postale Asset Management.
36
annual_report
AvivaPLC-AR_2019
2,716
As explained in accounting policy L, provisions for latent claims are discounted, using rates based on the relevant swap curve, in the relevant currency at the reporting date, having regard to the duration of the expected settlement of the claims. The discount rate is set at the start of the accounting period, with any...
89
annual_report
3716
464
The following summarizes net realized investment gains and losses for the years ended December 31, 2008, 2007 and 2006 (in thousands):
21
10K
5294
1,366
entities ("VIEs"); however, we are not the primary beneficiary of any of these investments. As such, the adoption had no
20
10K
gb_lloyds_banking_grp-AR_2017
2,565
The fixed share award, made annually, delivers Lloyds Banking Group shares over a period of five years. Its purpose is to ensure that total fixed remuneration is commensurate with the role, responsibilities and experience of the individual; provides a competitive reward package; and is appropriately balanced with varia...
112
annual_report
SwissReAG-AR_2020
224
growth of global health data volumes annually (Source: International Data Corp.)
11
annual_report
1765
260
Total revenues in this segment decreased in 2001 and increased in 2000 primarily as a result of the large number of surrenders from the whole life and deferred annuity policies assumed as part of the Toho Transfer in 2000. However, this decrease was partially offset, by the Company's growth in structured settlement pro...
137
10K
3613
988
The Lloyd’s Operations recorded $4.5 million of net prior years’ savings, which included $1.1 million related to a loss commutation for the 1999 to 2002 years, with the balance spread across several lines of business in the 2002 to 2004 years.
41
10K
DirectLineInsuranceGroupPLC-AR_2018
2,733
Revaluation during the year – gross (121.4) 8.8 Revaluation during the year – tax 20.6 (1.5) Realised gains – gross (19.5) (23.2) Realised gains – tax 3.3 4.0 172 DIRECT LINE GROUP 2018 ANNUAL REPORT & ACCOUNTS
37
annual_report
3197
7,145
Includes pre-tax charge of $9.5 million related to environmental liabilities associated with the Company's former manufacturing operations. See Note M to the Financial Statements.
24
10K
SwissReAG-AR_2012
1,450
̤ Appoints the members of the Group Executive Committee (Group EC)
11
annual_report
2855
700
Net (losses) gains on securities sold are generated as a result of the ongoing management of the investment portfolio. Foreign exchange gains and losses primarily resulted from sales and maturities of long-term foreign currency denominated securities in 2005, 2004 and 2003.
41
10K
3661
2,231
The completion factors and loss ratio estimates in the most recent incurral months are the most significant factors affecting the estimate of the claim liability. The Company believes that the greatest potential for variability from estimated results is likely to occur at its SEA Division. The following table illustrat...
89
10K
NatixisSA-AR_2020
2,291
The risk appetite framework forms part of Natixis’ main processes, especially regarding: risk identification: every year risks are mapped to give an overviewV of the risks to which Natixis is or could be exposed (by business line and type of risk). With this approach it is possible to identify material risks, the indic...
69
annual_report
5128
2,188
We have concluded that we are the primary beneficiary with respect to certain VIEs, which are consolidated in our financial statements. In consolidating the VIEs, we consistently use the financial information most recently distributed to investors in the VIE.
39
10K
5852
366
As of December 31, 2019, the Company consolidated one real estate joint venture for which it was identified as the primary beneficiary under the VIE model. The consolidated entity was jointly owned by Equitable Financial and AXA France and holds an investment in a real estate venture. Included in other invested assets ...
102
10K
fr_axa-AR_2016
8,310
Most of the awards granted in 2015 and in 2016 contained the same conditions as awards amended in 2011, resulting in the immediate recognition of the cost of these awards instead of an amortization over a maximum of four years.
40
annual_report
5516
1,832
certain reinsured blocks tested separately. If the liability for future policy benefits plus the current present value of expected future premiums are less than the current present value of expected future benefits and expenses (including any unamortized DAC), a charge to income (loss) is recorded for accelerated DAC a...
183
10K
5920
1,957
The following table presents earnings (loss) before income taxes by jurisdiction attributable to continuing operations, including earnings from equity method investments, for the years ended December 31, 2020, 2019 and 2018:
31
10K
NatixisSA-AR_2014
2,132
Stress test system V Credit stress test V Market stress test
11
annual_report
2456
1,352
The Company’s holdings in other long-term investments totaled $166.5 and $40.2 as of December 31, 2004 and 2003, respectively.
19
10K
ScorSE-AR_2015
701
Consistently with the AFEP-MEDEF Governance Code, the Executive director should not hold more than two other directorships in listed corporations, including foreign corporations, not affiliated with the SCOR Group. Moreover, he also seeks the opinion of the Board before accepting a new directorship in a listed company.
47
annual_report
5788
1,667
There are no regulatory restrictions that limit the payment of dividends by RGA, except those generally applicable to Missouri corporations. Dividends are payable by Missouri corporations only under the circumstances specified in The General and Business Corporation Law of Missouri. RGA would not be permitted to pay co...
99
10K
gb_lloyds_banking_grp-AR_2014
5,191
Aggregate contributions in respect of key management personnel to defined contribution pension schemes were £0.1 million (2013: £0.2 million; 2012: £0.1 million).
22
annual_report
5622
1,392
For the year ended December 31, 2017, our gross premiums written increased by $156.6 million, or 29.2%, compared to the same period in 2016.
24
10K
5281
2,118
AFG’s net spread earned on fixed annuities increased 0.43 percentage points to 1.82% from 1.39% in the fourth quarter of 2016 compared to the same period in 2015 due primarily to the net impact of changes in the fair value of derivatives and related DPAC amortization offset discussed above and the 0.17 percentage point...
60
10K
318
288
C. LEN PECCHENINO became a director of the Company in May 1988 and was elected as Chairman in June 1994. He served as the Company's Chief Executive Officer from September 1991 to February 1992 and as the President and Chief Executive Officer from February 1994 to May 1994. He also served as the Chairman from
55
10K
3876
7,562
Also, in our opinion, Kansas City Life Insurance Company and subsidiaries maintained, in all material respects, effective internal controls over financial reporting as of December 31, 2008, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of th...
49
10K
gb_lloyds_banking_grp-AR_2013
4,719
Liabilities – Insurance and participating investment contracts in the Group’s with-profit funds liabilities of the Group’s with-profit funds, including guarantees and options embedded within products written by these funds, are stated at their realistic values in accordance with the Prudential Regulation Authority’s re...
93
annual_report
4615
397
Below is a description of our 2012-2013 reinsurance program. Although the terms of the individual contracts vary, we believe the overall terms of the 2012-2013 reinsurance program are more favorable than the 2011-2012 reinsurance program as reinsurance pricing remained largely the same as the prior year contracts while...
205
10K
SwissReAG-AR_2009
1,373
Adjustable-rate mortgages have no agreed maturity dates. The basic preferential interest rates equal the corresponding interest rates applied by the Zurich Cantonal Bank minus one percentage point. To the extent that fixed or adjustable interest rates are preferential, such values have been factored into the compensati...
53
annual_report
5520
687
During 2018, we voluntarily changed our accounting policy for low income housing tax credit (LIHTC) investments from the equity method to the proportional amortization method. We believe the proportional amortization method is preferable because it better reflects the economics of an investment that is made for the pri...
167
10K
RaiffeisenBankInternationalAG-AR_2015
846
Net gains (losses) on financial assets available-for-sale 82,418 21,411 75,640 21,577 6,778 (166)
13
annual_report
BaloiseHoldingLtd-AR_2003
1,179
Additions due to changes in composition of consolidated Group 0.2 84.5
11
annual_report
5494
820
Net cash used by operating activities increased for the year ended December 31, 2017 compared with 2016 primarily due to an increase in losses and LAE paid of $417 million and a decrease in investment income received of $70 million. Net cash used by operating activities increased for the year ended December 31, 2016 co...
103
10K
5538
3,120
Securities regulations became effective in 2005 that impose enhanced disclosure requirements on issuers of ABS (including mortgage-backed securities). To allow our customers to comply with these regulations at that time, we typically were required, depending on the amount of credit enhancement we were providing, to pro...
97
10K
4343
790
The following table sets forth the scheduled maturities of our fixed maturity securities at December 31, 2011 based on their fair values (in thousands). Actual maturities may differ from contractual maturities because certain securities may be called or prepaid by the issuers.
42
10K
5936
1,532
In re Financial Oversight and Management Board for Puerto Rico (United States District Court, District of Puerto Rico, No. 1:17-bk-03283), Ambac Assurance Corporation, Financial Guaranty Insurance Company, Assured Guaranty Corp., Assured Municipal Corp., and the Bank of New York Mellon’s Motion Concerning Application o...
101
10K
4998
916
Consolidated Statements of Shareholders' Equity for the Years Ended December 31, 2014 and 2013
14
10K
4679
1,748
Quantitative information regarding significant unobservable inputs used in Level 3 valuation of assets and liabilities measured and recorded at fair value is as follows:
24
10K
926
254
Health Premiums Health premiums within the Reinsurance segment increased $62.6 million or 11% in 1998 after decreasing $218.0 million or 28% in 1997. The 1997 reduction included planned cut backs in the level of business.
35
10K
AvivaPLC-AR_2015
883
In 2015 we agreed a new global disaster response and resilience partnership with the British Red Cross. We are bringing our experience of managing risks to the partnership and we are working together to build community resilience at a local level. Additionally, during 2015 Aviva matched employee donations to global dis...
66
annual_report
NatixisSA-AR_2017
4,752
Level 3 comprises instruments measured using unrecognized models and/or models based on non-observable market data, where they are liable to materially impact the valuation. This mainly includes: unlisted shares whose fair value could not be determined usinga observable inputs; Private Equity securities not listed on a...
248
annual_report
4545
1,150
The preparation of financial statements in conformity with generally accepted accounting principles in the United States, or GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the finan...
146
10K
5887
931
During the years ended December 31, 2020, 2019 and 2018, the Company recorded $271, $464 and $433 of interest expense, respectively, associated with the Subordinated Notes.
26
10K
5557
962
The maximum amount available during 2019 for AGC to distribute as ordinary dividends is approximately $123 million, of which approximately $42 million is available for distribution in the first quarter of 2019.
32
10K
2844
1,475
(1) Operating revenues exclude net realized investment gains (losses) and revenues from discontinued operations. Operating income (loss) equals net income (loss) excluding the after-tax impact of net realized investment gains (losses) and the after-tax impact of discontinued operations.
38
10K
HannoverRueckSE-AR_2015
2,207
The carrying amounts of the financial assets at fair value through profit or loss correspond to their fair values including accrued interest.
22
annual_report
790
619
* does not include 497,538 and 643,311 additional third- party administrator members as of December 31, 1997 and 1996, respectively, that are part of The EPOCH Group, L.C., a joint venture with Blue Cross and Blue Shield of Kansas City formed in December 1995.
44
10K
StandardLifeAberdeenPLC-AR_2008
188
NBC Expected return and development costs Non-life £264m £400m £21m £345m £395m £51m
13
annual_report
5594
3,450
A valuation allowance has been recorded against deferred tax assets related to state and local taxes and foreign operations. Adjustments to the valuation allowance are made to reflect changes in management’s assessment of the amount of the deferred tax asset that is realizable and the amount of deferred tax asset actua...
69
10K
AegonNV-AR_2002
693
Independent and employee agents, marketing companies, financial institutions, broker-dealers, wirehouses, affinity groups, direct response, worksite marketing, institutional intermediaries
18
annual_report
NatixisSA-AR_2006
3,070
These banks, as well as Crédit Agricole S.A., also fi led complaints with the Conseil d’Etat between February 17 and July 4, 2006 in order to have overturned the administrative decision of the Prime Minister that rejected their respective requests to suspend the provisions of Articles R. 221-1 to R. 221-27, D. 221-28 t...
148
annual_report
5864
1,010
We allocate a portion of our management fee revenue, currently 25% of the direct and affiliated assumed written premiums of the Exchange, between the two performance obligations we have under the subscriber’s agreement. The first performance obligation is to provide policy issuance and renewal services to the subscribe...
175
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
2,539
Development of gross provision for future policy benefi ts €m 2007 Prev. year
13
annual_report
2188
908
Significantly improved results of our Individual Life and Annuities segment reflecting improved results of our annuities operations, including $167 million in pretax adjusted operating income in 2003 from the American Skandia operations acquired during the year.
36
10K
3257
961
Total revenues for the year ended December 31, 2005 were $171.3 million compared with $142.9 million for the year ended December 31, 2004 primarily reflecting increases in both net premiums earned and net investment income.
35
10K
4045
1,128
Depreciation and amortization is computed using the straight-line method over the estimated useful lives of fixed assets as follows:
19
10K
5179
841
We are unable to reasonably quantify the impact of changes in our key assumptions utilized to establish individual case-basis reserves on our total reported reserves because the impact of these changes would be unique to each specific case-basis reserve established. However, based on historical experience, we believe t...
119
10K
4396
893
The carrying value of fixed maturity investments that did not produce income during 2011 and 2010 was $11.9 and $13.0 at December 31, 2011 and 2010, respectively.
27
10K
NatixisSA-AR_2014
6,067
The main defi ned-contribution plans available to Natixis employees are operated in France. They include the mandatory pension scheme and the national schemes AGIRC and ARRCO.
26
annual_report
TrygAS-AR_2007
1,078
mentioned, innovation will be a larger and larger part of our mindset. We develop new ways of servicing customers, new products and new initiatives that reinforce profitable growth. Providing – that is clearly my focus for the year ahead. TrygVesta’s vision to provide peace of mind applies to our customers, shareholder...
63
annual_report
gb_lloyds_banking_grp-AR_2015
1,812
A summary of transactions undertaken in the year, including share plan awards vested plus open market purchases and sales made by Directors, is shown on page 102.
27
annual_report
1892
743
Effective May 1, 2002, the Directors of American Commerce voted to terminate that portion of the American Commerce noncontributory post- retirement benefit plan (the "post-retirement plan") applicable to future retirees. The post-retirement plan provides benefits for retirees that include medical, dental and life insur...
142
10K
RSAInsuranceGroupPLC-AR_2017
2,801
Held for sale valuation adjustment 30 – – 1 – 31
11
annual_report
RSAInsuranceGroupPLC-AR_2020
3,402
© 2020 Friend Studio Ltd File name: Notes_30_to_end_NEW_v21 Modification Date: 9 March 2021 12:19 pm 47) Other commitments Capital commitments The Group’s significant capital commitments in respect of investment property, property and equipment and intangible assets are detailed in the table below: 2020 £m 2019 £m
46
annual_report
2391
1,919
Under these principles, we may have two types of “impaired” loans: loans requiring specific allowances for losses (none as of December 31, 2004 and 2003) and loans expected to be fully recoverable because the carrying amount has been reduced previously through charge-offs or deferral of income recognition ($7 million a...
60
10K
3549
1,231
One of the significant estimates related to available-for-sale securities is the evaluation of investments for other-than-temporary impairments. The assessment of whether impairments have occurred is based on management’s case-by-case evaluation of the underlying reasons for the decline in fair value. The Company’s rev...
215
10K
de_allianz-AR_2006
592
Conversely, in the United States, statutory premiums declined significantly by 21.2% to € 8,758 million. This development is primarily attributable to challenges faced by our sales channels in response to the NASD’s1)
32
annual_report
LloydsBankingGroupPLC-AR_2016
431
In 2016 our UK-based team was responsible for financing renewable projects with a combined capacity of more than 1.78GW. Globally, our investments in renewable energy are in excess of 7.4GW in capacity and cover solar, offshore and onshore wind, waste to energy and biomass.
44
annual_report
5551
704
We have an annually renewable agreement with a commercial bank for a $1,000,000 working capital line of credit. Interest is payable at a variable rate of LIBOR plus 2.50%. The Company did not have any interest expense for the line of credit in 2018, 2017 or 2016. As of December 31, 2018 and 2017, there was no amount ou...
64
10K
LloydsBankingGroupPLC-AR_2001
879
The effect of this change on the profit and loss account for the year ended 31 December 2001 has been to increase other operating income by £77 million (2000: £58 million), increase the charge for bad and doubtful debts by £84 million (2000: £66 million), increase amounts written off fixed asset investments by £38 mill...
119
annual_report
4694
1,098
Deferred policy acquisition costs represent those costs that are incremental and directly related to the successful acquisition of new or renewal of existing insurance contracts. We defer incremental costs that result directly from, and are essential to, the acquisition or renewal of an insurance contract.
45
10K
StorebrandASA-AR_2020
3,400
Discount rate Expected earnings growth Expected annual increase in pensions payment Expected annual increase in pensions payment
17
annual_report
ch_zurich_insurance_group-AR_2004
2,274
There are no arrangements whereby any of the Directors of Zurich Financial Services serve on another company’s board in return for Zurich Financial Services agreeing that any of that other company’s directors serve on the Board of Zurich Financial Services.
40
annual_report
HiscoxLtd-AR_2005
98
Hiscox Europe Hiscox Europe has repaid the support we have given it. It made pretax profits of £3.0 million (2004: £1.4 million), with a combined ratio of 99.7 per cent (2004: 103.2 per cent) and revenues of £55.0 million (2004: £55.7 million). These good results have been at the expense of top line growth as in 2005 o...
79
annual_report
INGGroepNV-AR_2009
467
This was mainly due to very unfavourable market conditions, which led to EUR 1,076 million in negative fair value changes on the direct and indirect real estate investments and impairments to an amount of EUR 619 million compared with EUR 663 million and EUR 60 million respectively in 2008. Excluding revaluations and i...
84
annual_report
5911
527
We may repurchase shares from time to time at our discretion, based on ongoing assessments of our capital needs, the market price of our common stock and general market conditions. We will fund the share repurchase program with cash from operations.
41
10K
3053
986
In certain cases, the Company also manages credit risk through collateral agreements that give the Company the right to hold or the obligation to provide collateral when the current market value of certain derivative contracts exceeds an exposure threshold. Under these arrangements, the Company may receive or provide U...
59
10K
2931
307
During the fourth quarter of 2004, the Company reached agreement with the claimant on a bond regarding certain aspects of the claim resolution. The bond was originally written by an affiliate and assumed by one of the Company's insurance subsidiaries pursuant to the Quota Share Treaty. As part of this agreement, the Co...
110
10K
NatwestGroupPLC-AR_2015
4,685
• UK PBB: mortgage growth of £9.3 billion was the principal driver of the £7.4 billion gross lending increase in 2015 and £13.1 billion increase in the last two years reflecting strategy and investment. Unsecured balances continued to decline gradually, albeit at a much slower rate.
46
annual_report