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4256 | 1,114 | The Company is a major writer of large, complex energy-related (re)insurance coverages and manages its exposure through, among other items, the purchase of reinsurance. The Company continues to assess its potential third party liability exposures arising out of the Deepwater Horizon oil rig explosion in the Gulf. However, given that the facts are still developing, as well as the complexities of the nature of the event, including indemnities from BP p.l.c., other defenses to liability based on contract and common law and coverage issues, it is too early to estimate losses at this time. | 94 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2014 | 913 | 3. After three quarters of 2014, still first with 42.9% market share in regular premiums. 4. Sales of new individual continuation policies for group life insurance. | 26 | annual_report |
NatixisSA-AR_2016 | 6,235 | With the aid of probable assumptions, this sensitivity was used using unobservable inputs was estimated at December 31, 2016. | 19 | annual_report |
2871 | 557 | The orders also require Conseco Senior and Washington National to pursue a similar course of action with respect to approximately 24,000 home health care policies in other states, subject to consideration and approval by the other state insurance departments. If we are unsuccessful in obtaining rate increases or other forms of relief in those states, or if the policy changes approved by the Florida Office of Insurance Regulation prove inadequate, our future results of operations could be adversely affected. | 79 | 10K |
3784 | 745 | insurance, associated underwriting costs were not deferred. We defer policy acquisition costs when incurred and amortize these costs in proportion to estimated gross profits for each policy year by type of insurance contract (i.e. monthly, annual and single premium). Policy acquisition costs incurred and deferred are variable and fluctuate with the volume of new insurance applications processed and NIW. The decrease in amortization of deferred policy acquisition costs in 2008 and the increase in 2007 were primarily due to our $33.6 million impairment in 2007 of PMI’s deferred policy acquisition costs associated with PMI’s 2007 book year. PMI’s deferred policy acquisition cost asset was $32.3 million, $10.5 million, and $43.5 million as of December 31, 2008, 2007 and 2006, respectively. | 120 | 10K |
5872 | 949 | Seven subsidiaries of the brokerage segment make short-term loans (generally with terms of twelve months or less) to our clients to finance premiums. These premium financing contracts are structured to minimize potential bad debt expense to us. Such receivables are generally considered delinquent after seven days of the payment due date. In normal course, insurance policies are cancelled within one month of the contractual payment due date if the payment remains delinquent. We recognize interest income as it is earned over the life of the contract using the “level-yield” method. Unearned interest related to contracts receivable is included in the receivable balance in the accompanying consolidated balance sheet. The outstanding loan receivable balance was $442.7 million and $388.1 million at December 31, 2020 and 2019, respectively. | 126 | 10K |
NatixisSA-AR_2018 | 9,513 | FINANCIAL DATA Statutory Auditors’ report on the consolidated financial statements 401Natixis Registration Document 2018 | 14 | annual_report |
4217 | 1,049 | The market approach to determining fair value utilized observable key metrics of similar peer companies such as price to earnings ratios for current year earnings and forecasted 2011 earnings. Additionally, the direct capitalization of earnings method was utilized. | 38 | 10K |
954 | 363 | In 1998, the Company changed its state of incorporation from Delaware to Michigan. Since the State of Michigan does not recognize treasury stock, a cumulative adjustment was made to reflect treasury stock purchases as a reduction of common stock, additional paid-in capital and retained earnings. | 45 | 10K |
RaiffeisenBankInternationalAG-AR_2007 | 1,792 | The position other operating profit/loss captures, among other things, sales revenues and expenses from non-banking activities, income and expenses from disposal as well as income from the revaluation of tangible and intangible fixed assets. | 34 | annual_report |
ScorSE-AR_2019 | 4,015 | For example, SCOR’s teams in the United States and in Canada commit themselves socially by supporting a number of charity events on a voluntary basis under the “Give4Others” flag. This program that comprises a set of social and charitable initiatives enables employees to dedicate 48 hours per year to volunteering in favor of non-profit associations of their choice. Numerous drives, donations and other sporting events (Cup Run Marathon, Race for the Cure in Charlotte, company challenges in Kansas City in partnership with Special Olympics…) have been organized in order to support or raise funds for research, education, treating diseases such as cancer, or even support of women victims of violence. Also in the United States, SEAC (SCOR Employee Activities Committee), a SCOR employee association, has been mobilized in 2019 alongside NGOs such as Concrete Safaris and Volunteers of America in particular for the organization of a night with the homeless, and other food drives. | 154 | annual_report |
BaloiseHoldingLtd-AR_2001 | 1,389 | The Bâloise-Holding registered shares are fully paid up and have a nominal value of CHF 0.1 (2000: CHF 10). A total of 83,000 shares at December 31, 2000 (before split) and 560,000 at December 31, 2001 (after split) were held by Group companies. Entry in the share register is limited to 2 percent of voting rights for individuals and bodies corporate. In the course of its normal investment business, the | 70 | annual_report |
3181 | 1,458 | The Company has available as a source of funds a $1.00 billion revolving variable rate credit facility entered into by NFS, NLIC and NMIC with a group of national financial institutions. The facility provides for several and not joint liability with respect to any amount drawn by any party. The facility provides covenants, including, but not limited to, requirements that the Company maintain consolidated tangible net worth, as defined, in excess of $2.60 billion and that NLIC maintain statutory surplus, as defined, in excess of $1.67 billion. As of December 31, 2006, the Company and NLIC were in compliance with all covenants. The Company had no amounts outstanding under this agreement as of December 31, 2006 and 2005. NLIC also has an $800.0 million commercial paper program and is required to maintain an available credit facility equal to 50% of any amounts outstanding under the commercial paper program. Therefore, borrowing capacity under the aggregate $1.00 billion revolving credit facility is reduced by 50% of any amounts outstanding under the commercial paper program. NLIC had no commercial paper outstanding at December 31, 2006 and $134.7 million outstanding at December 31, 2005 at a weighted average effective interest rate of 4.22%. | 199 | 10K |
BaloiseHoldingLtd-AR_2006 | 4,689 | VORABDRUCK Present value of liabilities not totally or partially fi nanced by a fund | 14 | annual_report |
5194 | 585 | The Plans also provide for the directors and key employees to receive share awards based on the book value of the Redeemable Common Shares. Subsequent to 2010, a director will receive Class B Redeemable Common Shares upon vesting. A key employee may elect to defer receiving such amounts until termination of employment and vesting requirements are met. If a key employee does not elect to defer receiving his or her share awards, the individual will receive Class B Redeemable Common Shares upon vesting. If the share awards are deferred, these deferred amounts will be paid in cash at redemption. An individual director’s award vests 100% at the end of each year if the director meets certain attendance requirements. The key employee awards vest 10%, 20%, 30% and 40% at the end of each respective year in a four-year period following the grant date. There are no performance criteria associated with the vesting of the awards for key employees and the only requirement for vesting is that the individual is an employee of the Company at the end of the vesting year in question. There were approximately 170 and 157 of these non-vested awards outstanding at December 31, 2016 and 2015, respectively. The number of awards expected to vest approximates the total non-vested awards outstanding. | 214 | 10K |
BaloiseHoldingLtd-AR_2017 | 257 | Share of profit (loss) of associates 40.5 8.1 36.8 7.1 5.5 | 11 | annual_report |
2778 | 852 | On April 23, 2004 the Company renegotiated an existing unsecured loan facility, increasing the funds available from $65 million to $75 million (see note 10 “Debt”). $65 million of this facility was drawn and was used for the acquisition of Talbot. | 41 | 10K |
SwissLifeHoldingAG-AR_2019 | 177 | In the year under review, the International segment achieved a result of CHF 81 million, a growth rate of 20% over the previous year (2018: CHF 68 million). The rise stems predominantly from higher fee income of CHF 314 million (2018: CHF 260 million). | 44 | annual_report |
4572 | 1,035 | premium estimates could be material and such adjustments could directly and significantly impact earnings favorably or unfavorably in the period they are determined because the estimated premium may be fully or substantially earned. A significant portion of amounts included as premiums receivable, which represent estimated premiums written, net of commissions, are not currently due based on the terms of the underlying contracts. | 62 | 10K |
nl_ing_grp-AR_2014 | 1,143 | Prices of depositary receipts for ordinary shares Euronext Amsterdam by NYSE Euronext in EUR 2014 2013 2012 | 17 | annual_report |
2744 | 3,020 | (1) Amounts not included in 2005 or 2003 because they are anti-dilutive | 12 | 10K |
StandardLifeAberdeenPLC-AR_2008 | 268 | Non-life business Profits from our non-life businesses fell by 38% to £79m (2007: £128m). The decrease was primarily due to the £51m fair value adjustment related to the restructuring of a sub-fund of Standard Life Investments (Global Liquidity Funds) plc, which impacted the results of the investment management business. Excluding this impact and despite the market turbulence, the normalised IFRS underlying result for the investment management business increased by 12% to £93m (2007: £83m) due to solid revenue growth and tight cost control. | 83 | annual_report |
1103 | 745 | Other operating expenses for 1998 increased $.3 million or 12%, to $2.6 million. The increase primarily relates to an increased level of business activity for the period. The number of separate account contracts administered increased 32%, to 3070. | 38 | 10K |
fr_axa-AR_2011 | 4,471 | (the “Solvency II” project) that has updated the existing life, non-life, reinsurance and insurance group directives. | 16 | annual_report |
INGGroepNV-AR_2008 | 255 | De-leveraging ING is working to reduce the bank balance sheet by 10% by decreasing the non-lending part by 25%. The available for sale portfolio will be reduced over time as proceeds from maturing securities will be used to fund ING-originated loans. Reducing trading activities, deposits at other banks and reverse-repos will make up most of the remaining reduction. At the same time, lending activities will be maintained with focus on the corporate and retail business. | 75 | annual_report |
4851 | 3,891 | largely subject to the Company’s discretion and influenced by market opportunities, as well as the Company’s tax and capital profile. Additionally, certain gains and losses pertaining to derivative contracts that do not qualify for hedge accounting treatment are also excluded from adjusted operating income. Trends in the underlying profitability of the Company’s businesses can be more clearly identified without the fluctuating effects of these transactions. | 65 | 10K |
AegonNV-AR_2012 | 1,817 | period of time, Aegon may need to sell assets substantially below prices at which they are currently recorded to meet its insurance obligations. | 23 | annual_report |
4699 | 1,738 | AFG’s legal professional liability business has been in run-off since 2008 with only 41 claims remaining open at December 31, 2013. These claims are expected to settle within the existing reserves. AFG recorded favorable reserve development of $2 million in 2013 compared to less than $1 million in 2012 and $17 million in 2011 on the run-off legal and professional liability business. | 62 | 10K |
fr_axa-AR_2000 | 3,392 | 13 - Net Investment Results The sources of net investment results are summarized as follows: F-47 | 16 | annual_report |
RSAInsuranceGroupPLC-AR_2015 | 2,726 | Carrying amount at 31 December net of held for sale 38 71 109 56 95 151 | 16 | annual_report |
2797 | 1,141 | We have net operating loss carryforwards in our U.S. operating subsidiaries totaling $21.9 million at December 31, 2005. Such net operating losses are currently available to offset future taxable income of the subsidiaries. Under applicable law, the U.S. net operating loss carryforwards expire between 2012 and 2020. Full utilization of our net operating losses would reduce future taxes payable by $7.7 million. In addition, we have an alternative minimum tax credit carryforward in the amount of $1.0 million, which can be carried forward without expiration. On November 20, 2001, we underwent an ownership change for U.S. federal income tax purposes as a result of the capital raised at that time. As a result of this ownership change, limitations are imposed upon the utilization by our U.S. operating subsidiaries of existing net operating losses and the alternative minimum tax credit carryforward. See note 9, “Income Taxes,” of the notes accompanying our consolidated financial statements. | 153 | 10K |
2343 | 562 | 2005 12,000 280,000 268,000 2006 10,000 245,000 235,000 2007 9,000 219,000 210,000 2008 7,000 207,000 200,000 2009 6,000 180,000 174,000 | 20 | 10K |
INGGroepNV-AR_2020 | 336 | While many businesses struggled in 2020 to survive global lockdowns, many Big Tech companies thrived on society’s growing reliance on technology and the online economy. ING’s competitive landscape is also increasingly shaped by these companies, which offer an engaging digital experience on an open platform that meets a range of needs in one go-to digital ecosystem. | 56 | annual_report |
INGGroepNV-AR_2020 | 6,865 | As part of the preparation of the financial statements, the Executive Board is responsible for assessing the Company’s ability to continue as a going concern. Based on the financial reporting frameworks mentioned, the Executive Board should prepare the financial statements using the going concern basis of accounting unless the Executive Board either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Executive Board should disclose events and circumstances that may cast significant doubt on the Company’s ability to continue as a going concern, in the financial statements. | 97 | annual_report |
LloydsBankingGroupPLC-AR_2013 | 3,096 | Cross-border exposures: The Board sets country risk appetite. Within this, country limits are authorised by the country limits committee, taking into account economic, financial, political and social factors. Group policies stipulate that these limits must be consistent with, and support, the approved business and strategic plans of the Group. | 49 | annual_report |
Sampoplc-AR_2020 | 2,560 | The ROU asset is depreciated on straight-line basis over the lease period. | 12 | annual_report |
5642 | 1,009 | When we establish our reserves, we analyze various factors such as our historical loss experience and that of the insurance industry, claims frequency and severity, our business mix, our claims processing procedures, legislative enactments, judicial decisions and legal developments in imposition of damages, and general economic conditions, including inflation. A change in any of these factors from the assumptions implicit in our estimates will cause our ultimate loss experience to be better or worse than indicated by our reserves, and the difference could be material. Due to the interaction of the aforementioned factors, there is no precise method for evaluating the impact of any one specific factor in isolation, and an element of judgment is ultimately | 116 | 10K |
5387 | 1,090 | The increase in our insurance segment's gross premiums written of $408 million or 15% compared to 2016 was driven by an increase in gross premiums written of $241 million associated with our acquisition of Novae. In addition, gross premiums written increased by $167 million or 6% (6% on a constant currency basis(1)) primarily attributable to our accident and health, liability, professional lines and aviation lines. These increases were partially offset by a decrease in our property and marine lines. | 79 | 10K |
TrygAS-AR_2012 | 507 | Group being able to take over risks from customers. For this to be possible, capital planning must be tailored to the Group’s risk and growth profile. Tryg wants to have the necessary capital, while at the same time being able to distribute stable dividend corresponding to 60-90% of the earnings for the year. Read more about dividend policy in the chapter on the Tryg share and dividend policy on page 41. | 71 | annual_report |
de_allianz-AR_2008 | 1,063 | Allianz Group, increasing our holding to approximately 89 %. To be continued on page 63 | 15 | annual_report |
5265 | 3,496 | Separate Account Assets-In addition to the significant internally-priced Level 3 assets and liabilities presented and described above, the Company also has internally-priced separate account assets reported within Level 3. Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Consolidated Statements of Operations. Quantitative information about significant internally-priced Level 3 separate account assets is as follows: | 93 | 10K |
4064 | 503 | Our results of operations include the accounts of The Hanover Insurance Company (“Hanover Insurance”) and Citizens Insurance Company of America (“Citizens”), our principal property and casualty companies; and certain other insurance and non-insurance subsidiaries. Our results of operations also included the results of First Allmerica Financial Life Insurance Company (“FAFLIC”), our former run-off life insurance and annuity subsidiary through December 31, 2008. On January 2, 2009, we sold FAFLIC to Commonwealth Annuity and Life Insurance Company (“Commonwealth Annuity”), a subsidiary of The Goldman Sachs Group, Inc. (“Goldman Sachs”). As of December 31, 2008 and for all prior periods presented, operations from FAFLIC have been reclassified as discontinued operations. Additionally, as of December 31, 2008, FAFLIC’s balance sheet accounts were classified as assets and liabilities of discontinued operations in the Consolidated Balance Sheets. | 132 | 10K |
1527 | 231 | Amounts added to policyholder account balances for annuity products decreased by 7.7 percent, to $615.2 million, in 2000, and 8.5 percent, to $666.5 million, in 1999. These decreases reflect a smaller block of this type of annuity business in force, on the average, compared to 1998. The weighted average crediting rates for these annuity liabilities were 4.4 percent, 4.5 percent and 4.6 percent during 2000, 1999 and 1998, respectively. | 69 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008 | 608 | Dr. rer. pol. Thomas Blunck Special and Financial Risks Reinsurance Investments Central Procurement | 13 | annual_report |
Sampoplc-AR_2015 | 1,034 | The structure also implies that Sampo plcSampo plc’’s primarys primary ffocus is on the capitalizaocus is on the capitalization ation at the sub-grt the sub-group leoup levvelel and when the sub-groups are well-capitalized, the Group is by definition well-capitalized. The latter may not be true if the sub-groups are cross-capitalizing each other, or the parent company is financially weak (highly leveraged and has inadequate liquidity buffers) or profits of the sub-groups are strongly and positively correlated. In Sampo Group none of these three claims are true. | 86 | annual_report |
4381 | 1,601 | As a condition to conduct certain business in various states, the Company is required to participate in residual market mechanisms, facilities and pooling arrangements such as the Michigan Catastrophic Claims Association (“MCCA”). The Company is subject to concentration of risk with respect to reinsurance ceded to the MCCA. Funding for MCCA comes from assessments against automobile insurers based upon their share of insured automobiles in the state. Insurers are allowed to pass along this cost to Michigan automobile policyholders. The Company ceded to the MCCA premiums earned and losses and LAE incurred of $69.6 million and $122.6 million in 2011, $64.7 million and $135.6 million in 2010, $55.8 million and $97.7 million in 2009, respectively. MCCA, which represented 36.1% of the total reinsurance receivable balance at December 31, 2011, is the Company's only reinsurer representing at least 10% of its reinsurance assets. Reinsurance recoverables related to MCCA were $816.7 million and $752.5 million at December 31, 2011 and 2010, respectively. Because the MCCA is supported by assessments permitted by statute, and there have been no significant uncollectible balances from MCCA identified during the three years ending December 31, 2011, the Company believes that it has no significant exposure to uncollectible reinsurance balances from this entity. | 205 | 10K |
TrygAS-AR_2018 | 618 | Whistleblower hotline Tryg’s whistleblower hotline is available for all our stakeholders to report any violation of our Code of Conduct or any other concerns and is handled by the chairman of the Audit Committee, assisted by Tryg’s Legal and Compliance Department. In 2018, seven whistleblower cases were reported and investigated, and the necessary actions were taken. | 56 | annual_report |
NatwestGroupPLC-AR_2007 | 2,770 | Translation differences arising on non-monetary items measured at fair value are recognised in profit or loss except for differences arising on available-for-sale non-monetary financial assets, for example equity shares, which are included in the available-for-sale reserve in equity unless the asset is the hedged item in a fair value hedge. | 50 | annual_report |
HannoverRueckSE-AR_2011 | 481 | Our business fared better than expected in the year under review in our target markets of Germany and North America: the premium volume grew to EUR 1,857.6 million (EUR | 29 | annual_report |
Sampoplc-AR_2004 | 931 | Operational risks are reflected, for example, in costs, claims, loss of reputation, false information concerning positions, risks and results or business disruptions. The management of operational risks enhances the efficiency and productiveness of the Group’s internal processes and decreases fluctuations in returns. The co-ordinated management of operational risks gives management an overall view of the realisation and | 57 | annual_report |
3504 | 1,352 | The fair value of each option grant is estimated on the date of grant using the Black-Scholes-Merton option pricing model with the following weighted-average assumptions for the year ended December 31, 2007, 2006 and 2005: | 35 | 10K |
AegonNV-AR_2005 | 1,253 | d. Other intangible assets Other intangible assets are recognized to the extent that the assets can be identified, are controlled by the Group, are expected to provide future economic benefits and can be measured reliably. The Group does not recognize internally generated intangible assets arising from research or internally generated goodwill, brands, customer lists and similar items. | 57 | annual_report |
4643 | 527 | Earnings Measures - We believe that the presentation of EBITDAC, EBITDAC margin, adjusted EBITDAC, adjusted EBITDAC margin, adjusted EBITDAC margin excluding Heath Lambert and diluted net earnings per share (as adjusted) for the brokerage and risk management segment, as defined below, provides a meaningful representation of our operating performance. We consider EBITDAC and EBITDAC margin as a way to measure financial performance on an ongoing basis. Adjusted EBITDAC, adjusted EBITDAC margin, adjusted EBITDAC margin excluding Heath Lambert and diluted net earnings per share (as adjusted) for the brokerage and risk management segments are presented to improve the comparability of our results between periods by eliminating the impact of items that have a high degree of variability. | 116 | 10K |
5246 | 1,697 | Grandfathered Choice Participant's deferral at a 50% match deferral rate up to a maximum matching deferral of 3% of the participant's compensation. For all other participants in nonqualified deferred compensation plans that include an employer matching contribution, we matched the participant's deferral at a 75% match deferral rate up to a maximum matching deferral of 6% of the participant's compensation. We contributed $3.3 million, $4.5 million and $4.1 million in 2016, 2015 and 2014, respectively, to our nonqualified deferred compensation plans. | 81 | 10K |
SwissLifeHoldingAG-AR_2004 | 901 | Swiss Life Group . Financial Statements 2004 . Notes to the Consolidated Financial Statements plus interest credited less expenses and mortality charges and withdrawals. | 24 | annual_report |
DirectLineInsuranceGroupPLC-AR_2012 | 144 | For more information see p.58 11Direct Line Group Annual Report & Accounts 2012 | 13 | annual_report |
NatwestGroupPLC-AR_2017 | 2,405 | Oversight and challenge to the business in their management of risk and conduct | 13 | annual_report |
NatixisSA-AR_2018 | 11,872 | According to the Prospectus Regulation, at February 28, 2019, Natixis’ main shareholders were as follows: % capital % voting rights | 20 | annual_report |
StorebrandASA-AR_2018 | 3,250 | Section 9. Sustainability data GRI Index 102-49 Changes in reporting No changes Section 9. Sustainability data GRI Index 102-50 Reporting period 2018 Section 9. Sustainability data GRI Index 102-51 Date of previous report Storebrand Annual Report for 2017 | 38 | annual_report |
4825 | 1,266 | The Company does not consider these unrealized loss positions to be other-than-temporary, based on the aggregate factors discussed previously and because the Company has the ability and intent to hold | 30 | 10K |
fr_axa-AR_2001 | 3,738 | December 31, 2001 are to cover the potential ordinary shares to be issued upon conversion of outstanding share options in AXA ordinary shares (in the form of AXA ADS’s) by employees of AXA Financial, Inc. In 2001, | 37 | annual_report |
3992 | 11,016 | · At December 31, 2009, we held 25.4% of our total consolidated cash and investment portfolio, or $15.35 billion, in cash and liquid investments that are saleable within one quarter without significant additional net realized capital losses. | 37 | 10K |
4847 | 1,843 | CNA’s insurance subsidiaries are domiciled in various jurisdictions. These subsidiaries prepare statutory financial statements in accordance with accounting practices prescribed or permitted by the respective jurisdictions’ insurance regulators. Domestic prescribed statutory accounting practices are set forth in a variety of publications of the National Association of Insurance Commissioners (“NAIC”) as well as state laws, regulations and general administrative rules. These statutory accounting principles vary in certain respects from GAAP. In converting from statutory accounting principles to GAAP, the more significant adjustments include deferral of policy acquisition costs and the inclusion of net unrealized holding gains or losses in shareholders’ equity relating to certain fixed maturity securities. | 106 | 10K |
AssicurazioniGeneraliSpA-AR_2015 | 4,378 | Dott. Gabriele Galateri di Genola Dott. Alberto Minali Chairman Manager in charge of preparing the Company’s fi nancial reports and Group CFO | 22 | annual_report |
5432 | 674 | Numerous important factors could cause actual results and events to differ materially from those expressed or implied by forward-looking statements including, without limitation, (1) adverse capital and credit market conditions and their impact on the Company’s liquidity, access to capital and cost of capital, (2) the impairment of other financial institutions and its effect on the Company’s business, (3) requirements to post collateral or make payments due to declines in market value of assets subject to the Company’s collateral arrangements, (4) the fact that the determination of allowances and impairments taken on the Company’s investments is highly subjective, (5) adverse changes in mortality, morbidity, lapsation or claims experience, (6) changes in the Company’s financial strength and credit ratings and the effect of such changes on the Company’s future results of operations and financial condition, (7) inadequate risk analysis and underwriting, (8) general economic conditions or a prolonged economic downturn affecting the demand for insurance and reinsurance in the Company’s current and planned markets, (9) the availability and cost of collateral necessary for regulatory reserves and capital, (10) market or economic conditions that adversely affect the value of the Company’s investment securities or result in the impairment of all or a portion of the value of certain of the Company’s investment securities, that in turn could affect regulatory capital, (11) market or economic conditions that adversely affect the Company’s ability to make timely sales of investment securities, (12) risks inherent in the Company’s risk management and investment strategy, including changes in investment portfolio yields due to interest rate or credit quality changes, (13) fluctuations in U.S. or foreign currency exchange rates, interest rates, or securities and real estate markets, (14) adverse litigation or arbitration results, (15) the adequacy of reserves, resources and accurate information relating to settlements, awards and terminated and discontinued lines of business, (16) the stability of and actions by governments and economies in the markets in which the Company operates, including ongoing uncertainties regarding the amount of U.S. sovereign debt and the credit ratings thereof, (17) competitive factors and competitors’ responses to the Company’s initiatives, (18) the success of the Company’s clients, (19) successful execution of the Company’s entry into new markets, (20) successful development and introduction of new products and distribution opportunities, (21) the Company’s ability to successfully integrate acquired blocks of business and entities, (22) action by regulators who have authority over the Company’s reinsurance operations in the jurisdictions in which it operates, (23) the Company’s dependence on third parties, including those insurance companies and reinsurers to which the Company cedes some reinsurance, third-party investment managers and others, (24) the threat of natural disasters, catastrophes, terrorist attacks, epidemics or pandemics anywhere in the world where the Company or its clients do business, (25) interruption or failure of the Company’s telecommunication, information technology or other operational systems, or the Company’s failure to maintain adequate security to protect the confidentiality or privacy of personal or sensitive data stored on such systems, (26) changes in laws, regulations, and accounting standards applicable to the Company, its subsidiaries, or its business, (27) the benefits or burdens associated with the Tax Cuts and Jobs Act of 2017 may be different than expected, (28) the effect of the Company’s status as an insurance holding company and regulatory restrictions on its ability to pay principal of and interest on its debt obligations, and (29) other risks and uncertainties described in this document and in the Company’s other filings with the Securities and Exchange Commission (“SEC”). | 581 | 10K |
fr_axa-AR_2011 | 9,346 | Company is subject to a tender offer, for purposes of approving measures, the implementation of which, would be likely to cause such tender offer to fail) prior to the date set for the meeting on fi rst call, and at least 10 days (or 4 days if convened, in the event that the Company is subject to a tender offer, for purposes of approving measures, the implementation of which, would be likely to cause such tender offer to fail) before any second call, the Company shall send a fi nal notice containing, among other things, the fi nal agenda, place, date and other information in respect of the meeting by mail to all registered shareholders who have held shares for more than one month prior to the date of this fi nal notice and publish this fi nal notice in a newspaper as well as in the BALO. | 148 | annual_report |
1767 | 288 | Generally, the Company has met its operating requirements by maintaining appropriate levels of liquidity in its investment portfolio and utilizing positive cash flows from operations. Liquidity for the Company has remained strong, as evidenced by significant amounts of short-term investments and cash that totaled $641.4 million and $571.2 million as of December 31, 2001 and 2000, respectively. | 57 | 10K |
3684 | 1,699 | In September 2006, the FASB issued SFAS No. 157 which defines fair value, establishes a framework for measuring fair value under GAAP, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and expands disclosures about fair value measurements. SFAS No. 157 does not change existing guidance as to whether or not an instrument is carried at fair value. | 65 | 10K |
INGGroepNV-AR_2013 | 4,031 | These sections show ING’s approach to risk management. Introduction to risk section and mission 244 Introduction to Pillar 3 380 Risk governance 247 Business model and risk culture 250 Risk appetite framework and stress testing 253 Economic and Regulatory capital 256 381 Regulatory monitoring 258 Risk developments in 2013 259 | 50 | annual_report |
StandardLifeAberdeenPLC-AR_2008 | 55 | In March 2007 we announced the Continuous Improvement Programme to reduce underlying costs by £100m by the end of 2009. During 2008 we have built on the strong performance achieved in 2007, with the continued integration of UK financial services. This has enabled us to deliver the full £100m of efficiency savings one year early. The efficiency savings achieved in 2008 have been reflected in a £64m benefit to embedded value operating profit (2007: £109m). | 75 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003 | 1,475 | Under ias 12, deferred tax assets must be accounted for in cases where asset items have to be valued lower, or liabilities items higher, in the consolidated balance sheet than in the tax balance sheet of the Group company concerned and these differences will even themselves out again with effect on taxable income (temporary differences). Also included are tax assets deriving from tax loss carry-forwards. We take into account the tax rates of the countries concerned and the company’s respective tax situation; in some cases, for purposes of simplification, we use uniform tax rates for individual circumstances or subsidiaries. | 99 | annual_report |
5602 | 20,464 | The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. Based on our investment strategy, we had no significant concentrations of risks at December 31, 2018. | 38 | 10K |
StandardLifeAberdeenPLC-AR_2015 | 4,400 | Canadian business On 3 September 2014 the Group announced its intention to sell its Canadian business to The Manufacturers Life Insurance Company (MLC), a subsidiary of Manulife Financial Corporation (Manulife). The assets and liabilities of the Canadian business were classified as held for sale at 31 December 2014 and the results of this business were classified as discontinued operations for the year then ended. The comparative consolidated income statement, statement of comprehensive income and related notes were restated on this basis. The Canadian business comprises the Canadian long-term savings and retirement, individual and group insurance business (Standard Life Financial Inc. and its subsidiaries), the Canadian investment management business (Standard Life Investments Inc. and its subsidiaries) and the business of the Canadian branch of Standard Life Assurance Limited (SLAL Canada branch). | 130 | annual_report |
5092 | 1,201 | The Company and its subsidiaries are subject to a significant number of claims, lawsuits and proceedings in the ordinary course of business. Such claims and lawsuits consist principally of alleged errors and omissions in connection with the performance of professional services, including the placement of insurance, the provision of actuarial services for corporate and public sector clients, the provision of investment advice and investment management services to pension plans, the provision of advice relating to pension buy-out transactions and the provision of consulting services relating to the drafting and interpretation of trust deeds and other documentation governing pension plans. These claims may seek damages, including punitive and treble damages, in amounts that could, if awarded, be significant. In establishing liabilities for errors and omissions claims in accordance with FASB ASC Subtopic No. 450-20 (Contingencies-Loss Contingencies), the Company uses case level reviews by inside and outside counsel, an internal actuarial analysis and other analysis to estimate potential losses. A liability is established when a loss is both probable and reasonably estimable. The liability is reviewed quarterly and adjusted as developments warrant. In many cases, the Company has not recorded a liability, other than for legal fees to defend the claim, because we are unable, at the present time, to make a determination that a loss is both probable and reasonably estimable. | 220 | 10K |
5936 | 1,010 | Below is the amortized cost basis of premium receivables by risk classification code and asset class as of December 31, 2020: | 21 | 10K |
NatixisSA-AR_2009 | 1,640 | Given the complexity of this portfolio and the lack of visibility regarding the economic environment when implementing the Guarantee, the Company’s management called on external advisers to reaffi rm the value of this portfolio in its fi nancial statements at June 30, 2009. It is in particular on the basis of this analysis that the Company, BPCE and their respective advisers negotiated the implementation of the Guarantee, announced by the Company when presenting its half-year results on August 26, 2009. | 80 | annual_report |
StandardLifeAberdeenPLC-AR_2020 | 1,515 | Pension (audited) Under the Directors’ Remuneration Policy approved at the 2020 AGM, with effect from 1 June 2020 the executive Directors received a cash allowance in lieu of pension contributions of 18% of base salary. The only exception to this was Martin Gilbert, who continued to receive 20% as agreed under the terms of his retirement. | 56 | annual_report |
fr_axa-AR_2010 | 3,584 | This combination of the posts of Chairman and CEO is the result of an analysis of the specifi c circumstances of the Group at this stage in its development, the unique experience and abilities of Mr. Henri de Castries and the desire to optimize the Group’s decision making processes and reactivity going forward. | 53 | annual_report |
511 | 448 | On August 22, 1996, CCC secured a $20.0 million revolving credit facility through a new commercial bank (the "New CCC Facility"). There have been no borrowings under the New CCC Facility. Indebtedness under the New CCC Facility would bear interest at either of two rates as selected by CCC: the London Inter- Bank Offering Rate plus 1.5% per annum, or the prime rate. Following the offering, CCC's principal liquidity requirements include its operating activities, including product development, and its investments in internal and customer capital equipment. | 86 | 10K |
PosteItalianeSpA-AR_2020 | 10,670 | The Board of Statutory Auditors, as part of the ongoing dialogue with the Head of the Internal | 17 | annual_report |
3813 | 1,913 | Effective April 16, 2008, the holder of our Series B preferred shares (which provided for dividends at the rate of 5% per annum and an outside mandatory redemption date of April 30, 2008) exchanged such shares for an equal number of Series C preferred shares (which provided for dividends at the rate of 10% per annum and an outside mandatory redemption date of April 30, 2009). Effective August 23, 2008, the outside mandatory redemption date for the preferred shares was further extended to July 31, 2009 through the issuance of Series D preferred shares in exchange for the Series C preferred shares. The mandatorily redeemable balance of $780,000 is included in our December 31, 2008 balance sheet under “Current Liabilities”. | 120 | 10K |
140 | 273 | Commission and other income increased $0.1 million, or 15.9%, to $0.9 million in 1995 from $0.8 million in 1994. This increase is primarily due to the increasing service fees on the growing block of reinsured policies. This increase in service fee income is partially off-set by the reduction of reinsurance commission income related to Medicare supplement and accelerated life products which were discontinued in 1994. | 65 | 10K |
StandardLifeAberdeenPLC-AR_2007 | 1,050 | Non-economic experience changes in the year primarily represent lower than expected claims (including deaths, surrenders, maturities and lapses). | 18 | annual_report |
2984 | 438 | Our principal office is a building complex located at 151 Farmington Avenue, Hartford, Connecticut that is approximately 1.2 million square feet in size. The principal office is used by all of our business segments. We also own or lease other space in the greater Hartford area; Blue Bell, Pennsylvania; and various field locations throughout the country. Such properties are primarily used by our Health Care segment. We believe our properties are adequate and suitable for our business as presently conducted. | 80 | 10K |
2378 | 1,384 | For our natural catastrophe exposed business, we seek to limit the amount of exposure we will assume from any one insured or reinsured and the amount of the exposure to catastrophe losses in any geographic zone. We monitor our exposure to catastrophic events, including earthquake and wind, and periodically reevaluate the estimated probable maximum pre-tax loss for such exposures. Our estimated probable maximum pre-tax loss is determined through the use of modeling techniques, but such estimate does not represent our total potential loss for such exposures. We seek to limit the probable maximum pre-tax loss to a specific level for severe catastrophic events. Currently, we generally seek to limit the probable maximum pre-tax loss to approximately 25% of total shareholders' equity for a severe catastrophic event in any geographic zone that could be expected to occur once in every 250 years. There can be no assurances that we will not suffer pre-tax losses greater than 25% of total shareholders' equity from one or more catastrophic events due to several factors, including the inherent uncertainties in estimating the frequency and severity of such events and the margin of error in making such determinations resulting from potential inaccuracies and inadequacies in the data provided by clients and brokers, the modeling techniques and the application of such techniques. In addition, depending on business opportunities and the mix of business that may comprise our insurance and reinsurance portfolio, we may seek to adjust our self-imposed limitations on probable maximum pre-tax loss for catastrophe exposed business. | 251 | 10K |
5068 | 490 | Other assets increased $423, to $705 as of December 31, 2015 from $282 as of December 31, 2014. The major components of other assets, as well as the change therein, are shown below. | 33 | 10K |
1955 | 710 | SFAS No. 144 provides guidance on the accounting for the impairment or disposal of long-lived assets. SFAS No. 144 supersedes SFAS No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of" and amends Accounting Principles Board Opinion No. 30 ("APB No. 30") "Reporting Results of Operations - Reporting the Effects of Disposal of a Segment of a Business." SFAS No. 144 requires that long-lived assets that are to be disposed of by sale be measured at the lower of book value or fair value less cost to sell. Additionally, entities are no longer required to include under "discontinued operations" operating losses that have not yet occurred. SFAS No. 144 is effective for financial statements issued for fiscal years beginning after December 15, 2001 and, generally, its provisions are to be applied prospectively. The adoption of SFAS No. 144 did not have a significant effect on the Company's consolidated financial position or results of operations. | 161 | 10K |
RSAInsuranceGroupPLC-AR_2018 | 1,919 | Notes: 1 Relative TSR index of comparators includes: Admiral, Allianz, Aviva, Chubb, Direct Line, Gjensidige Forsikring, Hiscox, Intact, Mapfre, QBE, Topdanmark, Tryg and Zurich. | 24 | annual_report |
2139 | 667 | Effective March 31, 2003, Continental General entered into a reinsurance agreement with Pyramid Life under which Continental General reinsured on a 100% coinsurance basis and, to the extent policyholders consent or are deemed to consent thereto, on an assumption reinsurance basis, certain interest sensitive whole-life policies. Cash of $12.1 million was transferred from Pyramid Life to Continental General for the policy liabilities assumed by Continental General. | 66 | 10K |
fr_axa-AR_2013 | 6,796 | Liability Management and local regulatory requirements for insurance and banking operations; (iv) limiting equity risk; and | 16 | annual_report |
3068 | 1,520 | The fair value of the employees’ purchase rights granted in each of the six months offering periods during 2006, 2005 and 2004 was estimated on the date of grant using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions: | 40 | 10K |
ScorSE-AR_2013 | 1,885 | Paolo De Martin, an Italian citizen, graduated from Ca’ Foscari University, Italy, with a degree in Business Economics. He subsequently spent two years in the optical business as founder and managing partner of an eyewear manufacturer. He joined General Electric Company (GE) in 1995 as a finance trainee in London. In 1997, he joined GE’s internal auditing & consulting Group, charged with assignments in multiple GE businesses in the Americas, Europe and Asia/Pacific. In 2001, | 75 | annual_report |
CNPAssurancesSA-AR_2009 | 4,714 | ■ TrAdiNG volumes ANd PriCes over The lAsT 24 moNThs (sourCe: jCF) | 12 | annual_report |
2884 | 3,335 | Pension plan assets did not include any Aon common stock at December 31, 2005. At December 31, 2004, pension plan assets included $30 million of Aon common stock. Dividends from Aon stock received by the plan in 2005 and 2004 were $0.4 million and $0.9 million, respectively. In November 2005, Aon contributed $200 million to its U.S. pension plan. As of the plan measurement date, these funds were invested in invested cash. | 72 | 10K |
5600 | 1,537 | (5) See Note 1 of the Notes to the Consolidated Financial Statements for the adoption of accounting guidance on January 1, 2018 related to financial instruments. | 26 | 10K |
NatwestGroupPLC-AR_2019 | 3,185 | Key point The decrease in period-end SVaR was driven by a reduction of SVaR tail risk due to hedging undertaken to address market volatility. | 25 | annual_report |
NatwestGroupPLC-AR_2017 | 1,927 | Litigation and conduct costs of £1,285 million included: additional charges in respect of settlement with Federal Housing Finance Agency (FHFA) and the California State Attorney General and additional RMBS related provisions in the US; a further provision in relation to settling the 2008 rights issue shareholder litigation; an additional £175 million PPI provision; and a £169 million provision in Ulster Bank RoI for customer remediation and project costs relating to tracker mortgages and other legacy business issues. | 77 | annual_report |
nl_ing_grp-AR_2016 | 1,577 | A resolution of the General Meeting to render this list non-binding, or to suspend or dismiss Executive Board members without this being proposed by the Supervisory Board, requires an absolute majority of the votes cast. Additionally, this majority must represent more than half of the issued share capital. This additional requirement was tightened up (from one third to one half of the issued share capital) in connection with the abolition of the depositary receipts structure in 2016. Also in connection with the abolition of the depositary receipts structure in 2016, the Articles of Association now exclude the possibility under Dutch corporate law to waive this requirement in a second General Meeting. Both additional elements, which deviate from what is recommended under the Dutch Corporate Governance Code, ensure that significant proposals of shareholders cannot be adopted in a General Meeting with a low attendance rate and can only be adopted with substantial support of ING Group’s shareholders. | 156 | annual_report |
2446 | 767 | The GAAP combined ratio for the year ended December 31, 2004 was 89.6%, which, once again, was substantially lower than the property and casualty industry as a whole. Included in the 2004 calendar year net loss and loss adjustment expenses was $35.1 million of prior accident year development. The following table illustrates the 2004 calendar year and accident year loss ratios by segment. | 63 | 10K |
49 | 253 | During the third quarter of 1993, Congress passed the "Omnibus Budget Reconciliation Act of 1993" (the "Act"). Certain provisions of the Act increased the statutory federal income tax rate to 35% from 34% and made the impact of such change retroactive to January 1, 1993. Aside from the increased statutory rate, the Company does not expect other provisions of the Act to have a material impact on the Company's income taxes. | 71 | 10K |
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