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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. Howev...
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 ...
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 v...
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 th...
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 fa...
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 i...
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 covena...
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 ...
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 estim...
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 busines...
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-repo...
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 t...
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 ...
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. Fu...
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...
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 un...
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 stra...
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...
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)) pr...
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...
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 b...
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 ...
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...
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 cr...
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 ...
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 in...
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 ...
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. T...
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 inte...
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 representati...
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 ...
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 vari...
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 ...
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 pu...
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....
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...
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 2...
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 y...
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 (temp...
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...
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...
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 anal...
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 term...
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 Offeri...
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 an...
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 i...
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 fiel...
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 t...
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 Resu...
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 ...
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 1...
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 milli...
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 litiga...
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 additio...
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 illust...
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 Com...
71
10K