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StandardLifeAberdeenPLC-AR_2011
869
Our business is underpinned by strong investment performance achieved by rigorously applying our ‘focus on change’ investment philosophy. High quality support by our client service teams – combined with this strong investment performance – won us a number of awards in 2011 including: • Standard Life Investments’ UK Sma...
83
annual_report
Sampoplc-AR_2013
81
Nordea, the largest bank in the Nordic region, has around 11 million customers and is one of the largest universal banks in Europe in terms of total market capitalization. The Nordea share is listed in the NASDAQ OMX Nordic Exchanges in Stockholm, Helsinki and Copenhagen. In Sampo Group’s reporting Nordea is included i...
56
annual_report
3253
935
The evaluation of a tax position in accordance with FIN 48 is a two-step process. The first step is a recognition process whereby the entity determines whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on...
154
10K
GjensidigeForsikringASA-AR_2016
2,678
Associates - additional information Vervet AS 100.0 4.3 95.7 0.7 (1.7) N/A Total shares in associates 100.0 4.3 95.7 0.7 (1.7) 4 Operating income. For companies where financial income is operating income, financial income is included. For other companies financial income is not included.
44
annual_report
BaloiseHoldingLtd-AR_2011
927
Reconciliation between the gross investment in financial leases and the present value of minimum lease payments ��� 193 Financial liabilities ������������������������������������������������������������������������������ 194 Financial provisions ��������������������������������������������������������������������������...
30
annual_report
4587
1,343
We participate in the managed care market through our subsidiaries, TSS and AH. TSS is a BCBS licensee, which provides us with exclusive use of the Blue Cross and Blue Shield Association (“BCBSA”) licensee, which provides us with exclusive use of the Blue Cross and Blue Shield name and mark throughout Puerto Rico and U...
57
10K
INGGroepNV-AR_2013
2,776
Interest result banking operations 23 11,701 11,884 13,449 Investment income – insurance operations 25 3,189 3,283 3,279 Other interest expenses –461 –464 –380 35 OTHER OPERATING EXPENSES
27
annual_report
LloydsBankingGroupPLC-AR_2018
11
The 2018 Annual Report and Accounts incorporates the strategic report and the consolidated fi nancial statements, both of which have been approved by the Board of Directors.
27
annual_report
5846
2,526
The Company commits to fund partnership investments and to lend funds under bank credit facilities, bridge loans and private corporate bond investments. The amounts of these unfunded commitments were $4.3 billion and $4.6 billion at December 31, 2020 and 2019, respectively.
41
10K
RSAInsuranceGroupPLC-AR_2012
480
CREDIT, MARKET & LIQUIDITY RISK We continue to proactively manage our financial risks during the challenging economic climate.
18
annual_report
AegonNV-AR_2016
3,965
Change in valuation of liabilities for insurance contracts 12 (144) (602) (388)
12
annual_report
gb_prudential-AR_2004
1,129
For the purpose of calculating the liability using the bonus reserve method, the assumed interest rates range from 2.5% to 5.0% at 31 December 2004 and from 3.0% to 5.0% at 31 December 2003, while future reversionary bonuses are assumed to fall immediately from current levels to zero. There have been no significant cha...
60
annual_report
740
247
Total consolidated liabilities of the Company at December 31, 1997 were $67,575,817 a decrease of $7,367,187 from the previous year end. This decrease was the result of the increase in claim payments of approximately $4.5 million discussed earlier, a decline of approximately $1.5 million in the unearned premium reserve...
150
10K
HiscoxLtd-AR_2008
427
When approving Executive Directors salaries, the Remuneration and Nomination Committee takes into account rates of inflation, performance and competitive positioning of salaries as informed by Watson Wyatt data and other publicly available reports.
33
annual_report
NatwestGroupPLC-AR_2020
5,840
NatWest Group is exposed to credit risk if a customer, borrower or counterparty defaults, or under IFRS 9, suffers a sufficiently significant deterioration of credit quality such that, under SICR (‘significant increases in credit risk’) rules, it moves to Stage 2 for impairment calculation purposes. NatWest
46
annual_report
5912
1,520
the volatility in the global financial markets related to COVID-19, partially offset by lower tax credit partnership operating losses.
19
10K
4827
1,142
The portion of other comprehensive income that is expected to be reflected in pension expense in 2014 is as follows:
20
10K
4396
697
We have a committee of certain accounting and investment associates and management that is responsible for managing the impairment review process. The current economic environment and volatility of securities markets increase the difficulty of assessing investment impairment and the same influences tend to increase the...
52
10K
3700
2,240
The following table contains an analysis of the Company’s securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2008:
32
10K
5160
1,550
The Company held non-income producing fixed maturity securities with an estimated fair value of $11 million and $14 million with unrealized gains (losses) of $1 million and $4 million at December 31, 2015 and 2014, respectively.
36
10K
de_allianz-AR_2013
2,014
Effective 1 January 2013, all restructuring charges are presented within operating profit. This change does not impact recognition and measurement of the restructuring charges, shareholders’ equity and net income.
29
annual_report
PowszechnyZakladUbezpieczenSA-AR_2017
26
The analysts of the American S&P Global Ratings agency also appreciated the systematic improvement in the PZU Group’s financial condition. In October 2017 they raised PZU’s rating outlook from negative to stable.
32
annual_report
1215
820
Information about stock options outstanding at December 31, 1999, is summarized as follows:
13
10K
de_allianz-AR_2017
407
Prof. Dr. Renate Köcher (Member until 3 May 2017) 0/1 0
11
annual_report
AdmiralGroupPLC-AR_2010
280
11th best workplace in Italy Admiral Group’s Italian direct insurance brand, ConTe is named the 11th best workplace in Italy.
20
annual_report
3211
768
At December 31, 2006, we had $312 million of equity investments, a portion of which were held by our UnitedHealth Capital business in various public and non-public companies concentrated in the areas of health care delivery and related information technologies. Market conditions that affect the value of health care or ...
61
10K
SwissReAG-AR_2020
1,426
Swiss Re maintained its very strong capital position in 2020 despite the impact of COVID-19, while successfully deploying capital to attractive risk pools.
23
annual_report
NatixisSA-AR_2006
2,767
Interest and other income came to nearly €3.5 billion, up 11% compared with 2005. Adjusted for the CNCE dividend and changes in home purchase savings - refl ecting a signifi cant fall in old outstandings generating negative margins, mostly recycled as life insurance - the interest margin increased by 3.1%. This was dri...
131
annual_report
3261
1,279
In addition, immediately prior to the closing of the Merger, Enstar completed a recapitalization pursuant to which it: (1) exchanged all of its previous outstanding shares for new ordinary shares of Enstar, (2) designated its initial Board of Directors immediately following the Merger; (3) repurchased certain of its sh...
106
10K
de_allianz-AR_2010
3,616
KPMG worldwide thereof: KPMG AG and affiliated entities 1 € mn € mn € mn € mn
17
annual_report
5415
10,321
$1.06 billion and $1.03 billion in 2017, 2016 and 2015, respectively.
11
10K
5396
1,058
In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which clarifies guidance related to identifying performance obligations and licensing implementation guidance contained in the new revenue recognition standard. The Update in...
150
10K
NatixisSA-AR_2007
1,269
Fédérale des Banques Populaires on the Supervisory Board, was appointed to replace him, Member of the Compensation
17
annual_report
5756
706
Net Investment Income. Net investment income in 2018 was $30.5 million, an increase of 4.0% from the $29.3 million reported in 2017. The pre-tax investment yield on our investment portfolio was 2.6%per annum for 2018 versus 2.5% per annum for 2017. The tax-equivalent yield on our investment portfolio was 3.2% per annum...
108
10K
fr_axa-AR_2019
431
International markets aim to off er integrated healthcare services to both AXA-insured and non-insured customers.
15
annual_report
2640
1,428
Most of LNC’s foreign operations are conducted by Lincoln UK. The data for this company is shown above under the Lincoln UK segment heading. The other segments have limited non-U.S. operations. Foreign intracompany revenues are not significant. Financial data for Lincoln UK and the other non-U.S. units is as follows:
50
10K
4481
1,159
On December 28, 2010, the Company, through its direct wholly owned subsidiary SXC Health Solutions, Inc. (“SXC Inc.”), completed the acquisition of MedfusionRx, L.L.C. and certain affiliated entities and certain assets of Medtown South, L.L.C (collectively, "MedfusionRx"), a specialty pharmacy provider with significant...
143
10K
4354
930
Results of Operations for the Year Ended December 31, 2010 Compared to the Year Ended December 31, 2009
18
10K
5643
1,055
During 2018, we issued $300.0 million of 6.25% junior subordinated notes due 2058 and received total proceeds of $290.7 million. During 2016, we issued $350.0 million of 3.00% unsecured senior notes due in 2021 and $250.0 million of 5.75% unsecured senior notes due in 2042 and received total proceeds of $609.1 million,...
60
10K
NNGroupNV-AR_2013
2,112
(1) The members of the Executive Board of ING Groep N.V. were also members of the Management Board ING Topholding N.V. for the year 2013. (2) Excluding members that are also members of the Executive Board of ING Groep N.V.
40
annual_report
3418
1,275
The Company and its subsidiaries are assigned financial strength (insurance) and credit ratings from internationally recognized rating agencies, which include A.M. Best Company, Inc., Standard & Poor’s Insurance Rating Services and Moody’s Investors Service. Financial strength ratings represent the opinions of the rati...
97
10K
Sampoplc-AR_2013
453
Net interest income decreased 1 per cent compared to last year. Lending volumes were unchanged excluding reversed repurchase agreements in local currencies. Corporate and household lending margins were higher, while deposit margins overall were down from 2012.
37
annual_report
gb_prudential-AR_2018
8,405
Record date 29 March 2019 29 March 2019 29 March 2019
11
annual_report
Sampoplc-AR_2017
296
achieve”, at 92 per cent (88). The response rate for the survey was 86 per cent (91).
17
annual_report
de_allianz-AR_2018
2,698
Repor t requirements of IFRS 16 to the comparative period presented. The impact on retained earnings as of 1 January 2019 is not significant.
24
annual_report
5491
15,140
During 2017, we recognized $31 million of favorable prior year development.
11
10K
5202
1,346
Higher net realized investment losses of $63.1 million. For the three months ended December 31, 2016, we recognized $101.9 million of realized investment losses compared to realized investment losses of $38.8 million for the three months ended December 31, 2015. Partially offsetting the higher realized investment losse...
143
10K
5247
714
Nodak Mutual realized favorable development on prior accident years of $4.8 million in 2016 with respect to its traditional property and casualty products, compared to $8.9 million of favorable development on prior accident years realized in 2015. The net favorable development for the year 2016 is primarily the result ...
87
10K
4508
1,865
The Company’s operations are financed principally by $2,050 million fixed rate senior notes and $300 million under a 5-year term loan facility.
22
10K
HannoverRueckSE-AR_2006
1,094
In life business too the calculation of reserves and assets is crucially dependent on actuarial projections of the covered business. So-called model points are defined according to the type of business covered. The main distinguishing criteria are the age, sex and (non-)smoker status of the insured, tariff, policy peri...
180
annual_report
ScorSE-AR_2016
3,536
Change in reserves from portfolio movements and actuarial calculation 18 (58)
11
annual_report
PhoenixGroupHoldingsPLC-AR_2016
75
Phoenix is currently focused on the efficient integration of the acquired businesses to deliver the planned synergies whilst ensuring policyholders remain protected. The Group has already realised significant benefits, delivering £282 million of cash from the AXA Wealth acquisition to date.
41
annual_report
4340
1,047
In May 2011, the Company entered into $250,000 notional amount of interest rate swap agreements (Swap Agreements) that are scheduled to expire June 1, 2017. Under the Swap Agreements, the Company receives a fixed rate of 5.75% and pays a variable rate of the three month LIBOR plus 3.5% adjusted quarterly, which allows ...
88
10K
LloydsBankingGroupPLC-AR_2013
1,534
Group Executive Committee 72 Directors’ report 74 Corporate governance report 78 Directors’ remuneration report 100
15
annual_report
5294
1,586
The Pension Plan had no investments in the Parent’s common stock as of December 31, 2016 or 2015.
18
10K
3878
2,687
A significant portion of the collateral received was invested in RMBS with cash flows having tenors longer than the liabilities to the counterparties. The value of those collateral securities declined during the latter part of 2007 and throughout 2008 and trading in such securities was extremely limited. Given these ev...
81
10K
1095
617
(d) Catawba was served with a complaint dated November 7, 1997 by the Municipal Association of South Carolina which claimed it has potential deficiency of approximately $1.75 million with respect to certain South Carolina municipality taxes. Management and legal counsel believe Catawba has basis for non-payment of such...
49
10K
4959
2,882
The following tables set forth our assets and liabilities by class of instrument that are measured at fair value on a recurring basis as of December 31:
27
10K
NatwestGroupPLC-AR_2011
1,656
Funding issuance The Group has access to a variety of funding sources across the globe, including short-term money markets, repurchase agreement markets and term debt investors through its secured and unsecured funding programmes. Diversity in funding is provided by its active role in the money markets, along with acce...
72
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,291
Munich Re Group Annual Report 2012 sation (approx. 237,000) and the upper end of the scale within which the corporate value of ERGO Versicherungsgruppe AG as at the date of valuation can be set. We estimate the risk to be a single-digit million euro amount.
45
annual_report
5182
2,235
On November 25, 2014, following our announcement of RenaissanceRe’s intention to acquire Platinum, Fitch affirmed its ratings of RenaissanceRe and RenaissanceRe’s operating subsidiaries. The outlook is stable for these ratings.
30
10K
3010
1,362
The Government contracts ratio decreased by 180 basis points for the year ended December 31, 2006 as compared to the same period in 2005 primarily due to improved health care performance in each successive option period of the TRICARE contract for the North Region, particularly the Option 3 period which began on April ...
61
10K
AegonNV-AR_2014
4,234
and morbidity). In general, Aegon is at risk if policy lapses increase as sometimes Aegon is unable to fully recover up front expenses in selling a product despite the presence of commission recoveries or surrender charges and fees. For mortality and morbidity risk, Aegon sells certain types of policies that are at ris...
98
annual_report
GjensidigeForsikringASA-AR_2016
2,382
Items that may be reclassified subsequently to profit or loss Exchange differences from foreign operation (273.0) 293.9 Exchange differences from hedging of foreign operation 62.7 Tax on items that may be reclassified to profit or loss 66.6 (96.7) Total items that may be reclassified subsequently to profit or loss (206...
51
annual_report
3152
1,352
2006 to 2005 Annual Comparison. Adjusted operating income from our Life Planner operations increased $122 million, from $808 million in 2005 to $930 million in 2006, including a $51 million favorable impact of currency fluctuations. Excluding the impact of currency fluctuations, adjusted operating income increased $71 ...
132
10K
1147
367
The income tax provision reflected in the consolidated statements of operations is less than the expected federal income tax on income as shown in the table below: Year ended December 31 ----------------------- 1999 1998 1997 ---- ---- ---- Computed tax expense $2,422,462 $4,336,665 $3,736,270 Tax effect of: Tax exempt...
82
10K
2826
2,620
Forward contracts are used by the Company to manage market risks relating to interest rates. The Company also uses “to be announced” (“TBA”) forward contracts to gain exposure to the investment risk and return of mortgage-backed securities. TBA transactions can help the Company to achieve better diversification and to ...
101
10K
2437
562
Individual fixed-rate annuity deposits increased $44.6 million, or 32.0% for 2004, compared to 2003, and $30.3 million, or 27.8% for 2003 compared to 2002. Fixed-rate annuity sales have been strong for 2004 due to growth in our independent brokerage and financial institution distribution channels. Individual annuity as...
59
10K
gb_prudential-AR_2007
2,724
Realised and unrealised gains and losses on securities at fair value through profit and loss 2,630 5,964 Realised and unrealised gains and losses on derivatives at fair value through profit and loss 270 932 Realised gains and losses on available-for-sale securities, previously recognised directly in equity 13 (7) Reali...
60
annual_report
5654
800
The Company has a liability for estimated guaranty fund assessments and a related premium tax asset. As of December 31, 2018 and 2017, the estimated liability was $12 million and $14 million, respectively, and the related premium tax asset was $11 million and $12 million, respectively. The expected period over which gu...
66
10K
3989
7,022
After the Blackstone merger, Vanguard adopted the 2004 Stock Incentive Plan (“the 2004 Option Plan”). As of June 30, 2009, the 2004 Option Plan, as amended, allows for the issuance of up to 105,611 options to purchase common stock of Vanguard to its employees, members of its Board of Directors or other service provider...
227
10K
NatixisSA-AR_2017
274
Natixis received a number of prestigious awards in 2017, underlining the dynamism and expertise of the equity derivatives teams. It was named “Most Innovative Investment Bank for Equity Derivatives” by The Banker magazine for the second year in a row (Investment Banking Awards 2017). This international recognition illu...
171
annual_report
gb_prudential-AR_2007
4,015
15 Shareholders’ funds – segmental analysis continued Notes i A charge is deducted from the annual result and embedded value for the cost of capital supporting the Group’s long-term business operations.
31
annual_report
AdmiralGroupPLC-AR_2013
1,451
Price Comparison The segment relates to the Group’s price comparison websites; Confused.com in the UK, Rastreator in Spain, LeLynx in France and comparenow.com in the USA. Each of the Price Comparison businesses are operating in individual geographical segments but are grouped into one reporting segment as Rastreator, ...
60
annual_report
4851
3,950
The Company occupies leased office space in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. Rental expense, net of sub-lease income, incurred for the years ended December 31, 2013, 2012 and 2011, was $253 million, $287 milli...
54
10K
4067
1,635
During the third quarter of 2008, integration initiatives began related to the acquisition of CitiStreet LLC, now known as ING Institutional Plan Services, LLC, by Lion, which provided significant operational and information technology efficiencies to ING’s U.S. retirement services businesses, including the Company, re...
106
10K
4874
1,874
The Company’s Non-Employee Directors Share Plan (Directors Share Plan), which was approved by the Company’s shareholders, permits the grant of up to 1.2 million shares, of which a total of 0.8 million shares can be issued as either RS or RSUs and 0.4 million shares can be issued as share options or SSARs. Under the Dir...
99
10K
fr_axa-AR_2013
6,471
The rates presented in the table below are weighted average rates for all the portfolios under consideration. For contracts with guaranteed rates that are revised annually, rates are considered at the closing date. The risk factors associated with policyholders contracts are set out in Note 4.
46
annual_report
AegonNV-AR_2016
4,850
The following table provides information on the liabilities for guarantees that are included in the valuation of the host contracts, net of the present value of the expected future premiums that are received to cover these guarantees: Incurred guarantee benefits 3) 801 (692)
43
annual_report
RSAInsuranceGroupPLC-AR_2018
539
The Solvency II surplus2 increased to £1.2bn (2017: £1.1bn) with the coverage ratio of 170%, up 7 points.
18
annual_report
3594
584
We believe that existing cash and investment balances, when combined with anticipated cash flows generated from operations and dividends from our insurance company subsidiaries, will be adequate to meet our expected liquidity needs in both the short term and the reasonably foreseeable future. Our growth strategy includ...
104
10K
PhoenixGroupHoldingsPLC-AR_2011
1,026
Other comprehensive income: Actuarial gains of defined benefit pension schemes 32 251 45 Contribution in respect of actuarial losses of defined benefit pension scheme by the with-profit funds 32 – 27
31
annual_report
HelvetiaHoldingAG-AR_2019
630
The net combined ratio amounted to 92.3 % and was thus at a higher level than in the previous year (2018: 91.0 %). The ratio remains at a very good level in line with the strategic target of <93 %. The following factors influenced the development: Increase in claims ratio (+ 0.6 % pts) to 61.7 % – Decline in run-off ga...
94
annual_report
4178
1,692
Positions taken in the Company’s tax returns may be subject to challenge by the taxing authorities upon examination. The Company recognizes the benefit of uncertain tax positions in the financial statements when it is more likely than not that the position will be sustained on examination by the tax authorities upon la...
151
10K
67
458
In 1978, the United States District Court for the Northern District of Alabama entered a final judgment in Battle v. Liberty National Life Insurance ----------------------------------------- Company, et al., class action litigation involving Liberty, a class composed - -------------- of all owners of funeral homes in A...
153
10K
INGGroepNV-AR_2018
4,476
In December 2018, reached an agreement to sell part of the ING Lease Italy business. Under the terms agreed, ING will receive EUR 500 million cash consideration and a EUR 1 billion Senior Loan facility for the portfolio of lease receivables. The Italian lease business was previously included in the business line segmen...
100
annual_report
de_allianz-AR_2009
2,969
Life/Health German Speaking Countries 563 — 554 — Germany Health 325 — 325 — Europe I & II 648 — 648 — NAFTA Markets 431 — 435 — Asia-Pacific & Middle East 320 — 320 —
36
annual_report
4709
1,711
Income taxes. Our effective tax rate was approximately 37.1% during the current year. Our effective income tax rate was approximately 28.2% during the prior year. The prior year rate was lower due to a combination of changes to state tax laws in Michigan and adjustments to state deferred tax asset valuation allowances ...
88
10K
gb_prudential-AR_2017
2,008
The Committee approved the Group’s standard terms of reference for the Material Subsidiary and other business unit audit committees, which were updated to reflect changes in the Committee’s own responsibilities to align them with best practice. These were adopted by the business unit audit committees, with minor variat...
61
annual_report
SwissReCorporateSolutions-AR_2017
433
For the year ended 31 December 2017 the Group reported a tax benefit of USD 204 million on a pre-tax loss of USD 949 million, compared to a charge of USD 10 million on a pre-tax income of USD 180 million for 2016. This translates into an effective tax rate in the current and prior-year reporting periods of 21.5% and 5....
62
annual_report
NatwestGroupPLC-AR_2009
1,542
Net interest income 13,567 2,937 — 16,504 Non-interest income (excluding insurance net premium income) 10,592 2,128 3,922 16,642 Insurance net premium income 5,266 278 — 5,544
26
annual_report
ScorSE-AR_2009
2,982
Subject 1 December 2009 Contractual redemption of OCEANEs 2004/2010 – Delisting from the stock exchange of the OCEANEs 8 September 2009 Modification of the characteristics of the OCEANEs 6 September 2009 Press release – Leading global reinsurers establish an Independent “Global Reinsurance Forum”
43
annual_report
2741
8,199
XL Capital Ltd together with its subsidiaries (the “Company” or “XL”), is a holding company organized under the laws of the Cayman Islands. XL Capital Ltd was incorporated on March 16, 1998, as the successor to EXEL Limited, a Cayman Islands corporation organized in 1986, in connection with EXEL Limited’s merger with M...
119
10K
fr_axa-AR_2011
3,912
PERFORMANCE SHARES BECOMING UNRESTRICTED DURING 2011 FOR EACH EXECUTIVE OFFICER AND MANAGEMENT COMMITTEE MEMBERS
14
annual_report
AegonNV-AR_2012
3,581
CDOs and CDSs Aegon has entered into free-standing credit derivative transactions (Single Tranche Synthetic CDOs and Single Name Credit Default
20
annual_report
AdmiralGroupPLC-AR_2005
394
Martin Jackson (57) Non-executive Director (A, R) Martin was appointed Non-executive Director and
13
annual_report
fr_axa-AR_2014
6,247
Bharti AXA General Insurance Company Limited - - (3) (2) 19 14
12
annual_report
AssicurazioniGeneraliSpA-AR_2019
4,987
Future Generali India Insurance Company Ltd (*) 114 INR 9,048,037,050 c 3 49.00
13
annual_report
AegonNV-AR_2012
4,797
Included in debentures and other loans is EUR 1,050 million (2011: EUR 1,010 million) relating to borrowings measured at fair value. For the year 2012, Aegon’s credit spread had a negative impact of EUR 48 million on income before tax (2011: positive impact of EUR 30 million) and a negative impact of EUR 34 million on ...
65
annual_report
4477
1,786
(4) The net amount at risk for guarantees of amounts at annuitization is defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance.
44
10K