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HiscoxLtd-AR_2004
302
Major interests in shares The Company has been notified of the following shareholdings of 3% or more in the ordinary shares of the Company as at 7 March 2005: % of total Number of shares Hiscox plc shares
38
annual_report
2196
1,166
Because our health services business model is relatively new and unproven, its limited operating history in this segment is not indicative of future performance, and this part of its business is difficult to evaluate.
34
10K
NatwestGroupPLC-AR_2014
4,578
£bn £bn £bn £bn £bn £bn % £bn £bn £bn £bn £bn
12
annual_report
1782
671
The agreement contains commutation provisions and allows us to recapture the reserve liabilities and the current experience account balance as of December 31, 2007 or on December 31 of each any thereafter. We have an intent and desire to commute the treaty on December 31, 2007 and we are accounting for the agreement in...
78
10K
BaloiseHoldingLtd-AR_2004
995
3.3.2 Investment property Investment property comprises land and buildings held to earn rental income and/or for capital appreciation.
18
annual_report
5604
1,852
The amount available for payment of dividends from Positive Insurance Company after the conversions without the prior approval of the Pennsylvania Insurance Department is approximately $3.7 million based upon the estimated pro forma statutory surplus of Positive Insurance Company. Prior to its payment of any dividend, ...
130
10K
5737
4,670
Matured endowments increased 70.8% in 2019 compared to 2018 after increasing 261.6% in 2018 compared to 2017. We anticipate this trend will continue as previous endowments products sold reach their stated maturity.
32
10K
2570
382
Net Premiums Written. Net premiums written is the sum of the premiums written assumed from affiliates plus premiums written assumed from non- affiliates less premiums written ceded to non-affiliates. Premiums written ceded to non-affiliates is the portion of the Company's direct and assumed premiums written that is tra...
91
10K
3831
3,246
During the third and fourth quarters of 2008, there were significant declines and high volatility in the equity markets, a lack of liquidity in the credit markets and a widening of credit spreads on debt securities. These factors had a significant adverse effect on the performance of our investment portfolio.
50
10K
5940
1,020
As noted previously in the discussion of results from Consolidated Operations, true-up adjustments are recorded to DPAC balances each period to reflect current policy lapse or termination rates, expense levels and credited rates on policies as compared to anticipated experience with the adjustment reflected in current ...
92
10K
INGGroepNV-AR_2016
3,075
In 2016, a cash dividend of EUR 2,521 million was paid to the shareholders of ING Group.
17
annual_report
ScorSE-AR_2020
4,375
On December 31, 2020, SCOR held 259,567 shares compared with 668,058 shares at December 31, 2019. The par value of these treasury shares is EUR 2,044,602.07 and their book value is EUR 7,962,992.45. The average purchase price is EUR 25.57. The average sale price is EUR 26.02. The amount of fees is EUR 106,760.82.
54
annual_report
ch_zurich_insurance_group-AR_2016
2,042
The net underwriting result improved by USD 1.4 billion to USD 412 million, with an overall combined ratio of 98.4 percent, an improvement of 5.1 percentage points from 2015. The loss ratio improved by 5.2 percentage points reflecting lower catastrophe and weather events, and an improvement in large and underlying loss...
129
annual_report
4928
797
For the year ended December 31, 2014, the Company generated $94.6 million of cash from financing activities as compared to $38.8 million for the year ended December 31, 2013. During the year ended December 31, 2014 the Company's financing activities consisted primarily of borrowings under the Senior Notes of $492.5 mil...
61
10K
nl_ing_grp-AR_2014
1,379
principles of the Banking Code regarding remuneration with respect to the members of its Executive Board and considers these principles as a reference for its own corporate governance. ING Group’s remuneration policy for the Executive Board and senior management is compliant with these principles.
44
annual_report
3436
966
The gross combined ratio decreased to 87.8% for 2007 compared to 106.2% for 2006 due to the decrease in the gross loss ratio, offset in part, by an increase in the gross underwriting expense ratio as explained above. The effects of the novation agreements added 0.7 percentage point and 1.5 percentage points to the gros...
62
10K
StandardLifeAberdeenPLC-AR_2016
3,866
Liquidity risk is managed through the Group liquidity and capital management policy which is outlined in Note 41 (e) of the Group financial statements. The Company is required to manage risk in accordance with the Group policy and to take mitigating action as appropriate to operate within defined risk appetites.
50
annual_report
nl_ing_grp-AR_2017
2,852
Realised gains/losses transferred to the statement of profit or loss –90 –146 –94
13
annual_report
CNPAssurancesSA-AR_2018
40
“You&Us is an effective, agile solution, and I believe it is a real asset for CNP Assurances. It helped us recruit very rapidly a panel of customers representative of the populations of our Caisses d’Épargne and Banques Populaires networks. By listening to these customers, we were able to confirm certain points, discou...
65
annual_report
2175
897
United National Group is a holding company. Its principal asset is its ownership of the shares of its direct and indirect subsidiaries, including United National Insurance Company, Diamond State Insurance Company, United National Specialty Insurance Company, United National Casualty Insurance Company, U.N. Barbados and...
46
10K
2048
1,192
Unfavorable prior year reserve development of approximately $180 million was recorded for CNA HealthPro in 2002 and was driven principally by medical malpractice excess products provided to hospitals and physicians and coverages provided to long term care facilities, principally national for-profit nursing homes. Appro...
121
10K
NatixisSA-AR_2015
9,799
f) Diversity and equal opportunity Policy implemented and measures taken to promote it: V Gender equality V Employment and integration of disabled employees V The fi ght against discrimination and the promotion of cultural diversity LA2, LA12, LA13 398
39
annual_report
4736
1,534
Ambac Assurance has reinsurance in place pursuant to surplus share treaty and facultative reinsurance agreements. The reinsurance of risk does not relieve Ambac Assurance of its original liability to its policyholders. In the event that any of Ambac Assurance’s reinsurers are unable to meet their obligations under rein...
65
10K
AssicurazioniGeneraliSpA-AR_2019
4,845
Zweite AM RE Verwaltungs GmbH 094 EUR 25,000 a 9 100.00 Generali Deutschland Versicherung AG 100.00 100.00 25
18
annual_report
3180
539
As of December 31, 2006, loan balances were comprised of 1,156 loans with 750 obligors, resulting in an average balance per loan of approximately $418,000 and an average balance per obligor of approximately $644,000. As of December 31, 2005, loan balances were comprised of 968 loans with 513 obligors, resulting in an a...
65
10K
2719
890
Since 2002, there has been increased governmental and regulatory activity relating to mutual funds and variable insurance products. This activity has primarily focused on inappropriate trading of fund shares; revenue sharing and directed brokerage; compensation; sales practices, suitability, and supervision; arrangemen...
54
10K
1958
652
As previously discussed, during 2001 the Company reinsured on a 100 percent indemnity coinsurance basis certain cancer policies written by the Company’s subsidiary, Colonial Life & Accident Insurance Company. The transaction closed during the fourth quarter with an effective date of November 1, 2001. The Company ceded ...
81
10K
gb_prudential-AR_2008
3,626
a The gains of £71 million relating to changes in assumptions comprise the gains due to the effect of an increase in the risk discount rate combined with the effect of decreases in inflation rates.
35
annual_report
4402
906
Pursuant to an agreement with one of our limited liability partnership funds, we are contractually committed to make capital contributions up to $15,000,000, upon request by the partnership, through December 31, 2017. Our remaining potential contractual obligation was $9,156,000 at December 31, 2011.
43
10K
StandardLifeAberdeenPLC-AR_2019
2,910
Included in property right-of-use assets, are right-of-use assets that meet the definition of investment property. Their carrying amount at 31 December 2019 is £28m (1 January 2019: £24m). During the year to 31 December 2019 there were additions of £26m, depreciation of £2m, derecognitions related to new subleases clas...
86
annual_report
5378
819
Income taxes decreased $23.5 million, or 97.8%, to $0.5 million for the year ended December 31, 2016, as compared to $24.1 million for the year ended December 31, 2015. The change was primarily due to a decrease in taxable income.
40
10K
5091
1,903
Initial expected loss ratio (“IELR”) method: This method calculates an estimate of ultimate losses by applying an estimated loss ratio to an estimate of ultimate earned premium for each accident year. The estimated loss ratio may be based on pricing information and/or industry data and/or historical claims experience r...
54
10K
NatwestGroupPLC-AR_2007
4,845
The following table shows the elements of provisions for bad and doubtful debts under UK GAAP.
16
annual_report
ScorSE-AR_2019
417
Impact of natural catastrophes SCOR defines a catastrophe as a natural event involving several risks and causing pre-tax losses, net of retrocession, above or equal to EUR 3 million.
29
annual_report
ch_zurich_insurance_group-AR_2004
2,207
The calculation of embedded values necessarily makes numerous assumptions with respect to economic conditions, operating conditions, taxes, and other matters, many of which are beyond the Group’s control. Although the assumptions used represent estimates which the Group and Deloitte believe are together reasonable, act...
110
annual_report
2640
919
As discussed in Notes 1 and 2 to the consolidated financial statements, in 2004 the Corporation changed its method of accounting for certain non-traditional long-duration contracts and for separate accounts. Also, as discussed in Note 2 to the consolidated financial statements, in 2003 the Corporation changed its metho...
65
10K
Sampoplc-AR_2001
1,076
Since 1999, the Bank has systematically measured its credit risks by a credit risk model. The objective of the model is to
22
annual_report
HiscoxLtd-AR_2018
1,732
Financial assets 31 December 2017 (restated)† Equities and shares in unit trusts
12
annual_report
5659
1,072
The components of income tax expense (benefit) were as follows (in thousands):
12
10K
4746
944
(1) The guarantee has no collateral. The mortgage loan has a lien on real property with an appraised value of approximately $11.0 million.
23
10K
de_allianz-AR_2012
3,886
As of 31 December 2012, a provision for restructuring in the amount of € 40 mn was recorded. During the year ended 31 December 2012, AmOS recorded for this program restructuring charges of € 40 mn.
36
annual_report
StandardLifeAberdeenPLC-AR_2015
3,606
SLCP (General Partner NASP 2008) Limited United Kingdom Ordinary Shares 60%
11
annual_report
5796
642
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements of the Company as of December 31, 2019 and 2018, and for each of the three years in the period ended December 31, 2019, and our report dated March 11, 20...
63
10K
gb_prudential-AR_2014
164
Solvency II is scheduled to come into effect on 1 January 2016 and our preparations are well advanced. While the Omnibus II Directive is now in place, there are still many areas which require further interpretation. We continue to work with the Prudential Regulation Authority on shaping the outcome to ensure that the £...
62
annual_report
4596
824
In 2012, total large losses incurred increased by $28 million or 4 percent, net of reinsurance. The corresponding ratio decreased 1.3 percentage points, as earned premium growth more than doubled the rate of growth in total large losses. Large loss trends are further analyzed in the segment discussion and analysis that...
125
10K
3305
4,353
Vanguard in a merger transaction (the “Merger”). Pursuant to the Merger agreement, the former holders of Vanguard shares received $1.22 billion, net of debt repayments, transaction costs, tender premiums and consent fees and the redemption of payable-in-kind preferred stock. The transaction was valued at approximately ...
53
10K
ch_zurich_insurance_group-AR_2012
2,958
Asia-Pacific and Middle East Hong Kong 86 89 133 146 Taiwan – – 3 –
15
annual_report
NatixisSA-AR_2005
3,437
2.3.2 Internal control processes at the level of the consolidated entities As part of the regulatory process implemented by the French Banking Commission (CRBF regulation 97-02) for prudential monitoring of credit institutions, the Internal Audit department of Natexis Banques Populaires uses the results of its periodic...
75
annual_report
5909
822
The recorded purchase price for certain business combinations includes an estimation of the fair value of continent consideration obligations associated with potential earnout provisions, which are generally based on revenue or earnings before income taxes, depreciation and amortization (“EBITDA”). The contingent earno...
90
10K
gb_prudential-AR_2008
96
Taking all these factors into account alongside our proactive approach to risk management, we are confident that our Group remains resilient to any further deterioration in market conditions across all asset classes.
32
annual_report
Sampoplc-AR_2005
1,073
Sampo’s unit-linked life investment contracts offer policyholders the opportunity, as specified in the contract, to convert their savings to with-profit contracts. The accounting practice of these contracts remains the same. The unit-linked portion of these investment contracts accounts for 0.2 per cent of the total am...
50
annual_report
2778
685
On July 1, 2004, we purchased all of the common shares of Satellite Acquisition Corporation (Satellite), a corporation formed by senior management at Talbot Financial Corporation (Talbot). In turn, Satellite purchased 100% of Talbot from Safeco Corporation. We are to purchase special shares of Satellite owned by the ma...
255
10K
gb_lloyds_banking_grp-AR_2016
3,150
Excess of expected losses over impairment provisions and value adjustments (332) – – (332)
14
annual_report
4692
462
Following is a schedule of net premiums written in select states where the Company’s two insurance subsidiaries, ITIC and NITIC, currently underwrite title insurance:
24
10K
5437
679
Level 3 assets and liabilities include marketable debt instruments, non-marketable equity investments, derivative contracts, and company issued debt with values are determined using inputs that are both unobservable and significant to the values of the instruments being measured. Level 3 assets also include marketable ...
62
10K
PhoenixGroupHoldingsPLC-AR_2009
161
Whilst Ignis Asset Management primarily manages assets for the Group life companies, which provides the life companies with greater control over asset allocation and investment performance, it has also established and is further developing third party distribution channels. Ignis Asset Management has its own sales and ...
79
annual_report
INGGroepNV-AR_2012
3,194
As disclosed in Note 26 ‘Discontinued operations’ in 2012 the segment Insurance Asia/Pacific ceased to exist.
16
annual_report
StandardLifeAberdeenPLC-AR_2010
643
• Close monitoring and active anticipation of the level of withdrawals based on expected customer behaviour
16
annual_report
1701
1,260
Membership decreases as a result of our January 2000 county exits in California, Ohio, Oregon and Washington.
18
10K
HannoverRueckSE-AR_2019
1,363
Required risk capital 1 for market risks M 75 in EUR million 31.12.2019 31.12.2018
14
annual_report
3185
1,155
White Mountains’ total expenses decreased by 6% to $4,604 million for 2006, primarily due to a $406 million decrease in losses and LAE, partially offset by a $70 million increase in general and administrative expenses. The decrease in losses and LAE was due mainly to lower catastrophe losses in 2006 compared to 2005. I...
126
10K
HiscoxLtd-AR_2016
293
The net claims ratio declined to 57.4% (2015: 49.0%). The combined ratio increased to 91.0% (2015: 86.6%) as a result, but also benefited from a foreign exchange impact of 8.7%. Profit before tax for the year was £44.0 million (2015: £54.6 million).
42
annual_report
5100
557
The Compensation Committee oversees the management of risk primarily associated with our ability to attract, motivate and retain quality talent, particularly executive talent, compensation structures that might lead to undue risk taking, and disclosure of our executive compensation philosophies, strategies and activiti...
42
10K
4781
1,241
The Company uses the Black-Scholes option pricing model to estimate the fair value of each option on the date of grant. The expected terms of options are developed by considering the Company’s historical share option exercise experience, demographic profiles, historical share retention practices of employees and assump...
165
10K
DirectLineInsuranceGroupPLC-AR_2018
570
Motor’s reported combined operating ratio improved by 0.9 percentage points to 88.9% (2017: 89.8%). This was primarily as a result of the improvement in the expense ratio, following the non-repeat in 2018 of 2017’s impairment of intangible assets.
38
annual_report
2657
490
The amount of income taxes paid by the Company is subject to ongoing audits in various jurisdictions. We reserve for our best estimate of potential payments/settlements to be made to the Internal Revenue Service and other taxing jurisdictions for audits on-going or not yet commenced. We anticipate that the Internal Rev...
101
10K
774
209
In recent years, pressure on Medicare Supplement sales has come from federal mandates implemented in 1992 that substantially reduced allowable first year agents' commissions. As a result, many independent agencies that previously accounted for most of Torchmark's sales of this product left the Medicare Supplement marke...
209
10K
HelvetiaHoldingAG-AR_2015
195
Helvetia is a successful, internationally active Swiss insurance group. With around 6,675 full-time equivalent employees, Helvetia provides services for more than 4.7 million customers. Helvetia is active in the life, non-life and reinsurance sectors. Helvetia divides its business activities into the three market areas...
79
annual_report
969
170
THE FOLLOWING ANALYSIS OF THE CONSOLIDATED RESULTS OF OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES INCLUDED ELSEWHERE WITHIN THIS DOCUMENT. UNLESS NOTED OTHERWISE, ALL REFERENCES TO THE COMPANY INCLUDE ALL OF ITS DIRECT AND ...
81
10K
de_allianz-AR_2005
973
While economic growth in the United States is predicted to slow to 3.2 % (2005: 3.7 %), primarily as a result of the restrictive interest rate policy of the Federal Reserve Bank, it should increase slightly in Europe. We believe that most of the EU countries will slightly exceed the growth of the previous year, except ...
133
annual_report
Sampoplc-AR_2006
820
Notes to the Consolidated Financial Statements page Summary of significant accounting policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
51
annual_report
GjensidigeForsikringASA-AR_2013
1,809
Tax cost In connection with the conversion of Gjensidige Forsikring BA to a public limited company the Ministry of Finance has consented to an exemption from capital gains taxation on the transfer of business to the newly formed public limited company under certain conditions. The consequences of the tax relief decisio...
103
annual_report
4839
606
Pre-tax earnings of CORT and XTRA in 2012 were $148 million, a decline of $7 million (5%) versus 2011. In 2012, CORT’s earnings increased over 2011 due to a 5% increase in rental income and relatively stable selling, general and administrative expenses, which improved operating margins. In 2012, earnings from XTRA decl...
64
10K
ScorSE-AR_2011
5,025
Cash deposited with ceding companies (related & associated companies) - - 20 - 20
14
annual_report
AvivaPLC-AR_2019
367
In the UK last year, we launched a pilot with Moneyline (a leading notfor -profit social lender) offering a home contents insurance product. This is designed to support low-income, financially excluded customers and can be arranged at the same time as taking out a short-term loan.
46
annual_report
2909
1,602
Our home office complex is located in Northbrook, Illinois. As of December 31, 2005, the complex consisted of several buildings totaling approximately 2.3 million square feet of office space on a 250-acre site. We lease approximately 320,000 square feet of this office space as lessee.
45
10K
SwissLifeHoldingAG-AR_2006
1,912
Interest Year of Carrying Carrying Issuer/instrument Currency rate issue Maturity amount amount
12
annual_report
5062
1,534
In connection with the Senior Secured Credit Facility as described in Note 7, Notes Payable and Lines of Credit, the common stock of the Company and the common stock or units of each of the Company’s wholly and majority owned subsidiaries were pledged as collateral.
45
10K
4359
716
•Adjusted diluted earnings per share from continuing operations attributable to Aon stockholders, as defined under the caption "Review of Consolidated Results - General" below, was $3.29 per share in 2011, an increase from $3.12 per share, or 5%, in 2010, demonstrating solid operational performance and effective capita...
53
10K
967
332
The Commercial business has shown strong revenue growth year over year notwithstanding significant price competition as HSB continues to focus on its client company strategy. Net earned premiums in the commercial segment rose $37.3 million in 1998 due primarily to strong growth in client company billings and integratio...
97
10K
1562
982
WORLDWIDE INSURANCE COMPANY In April 1999, AFC acquired Worldwide Insurance Company for $157 million in cash. Worldwide is a provider of direct response private passenger automobile insurance.
27
10K
fr_axa-AR_2002
410
165.50 euros 1,099,999,722 euros 16 years, 10 months and 13 days from Fabruary 17, 2000: 1.01 share for 1 bond in total a January 1, 2017 at 269.16 euros per bond, i.e. 162.63% of the notional amount
37
annual_report
5695
629
when necessary, credit professionals with specialized industry knowledge and experience, who assisted in assessing the individual issuer ratings for a selection of policies by evaluating the financial performance of the issuer of the insured security and underlying collateral. We involved, when necessary, forensics pro...
98
10K
nl_ing_grp-AR_2017
5,011
As part of its securities financing business, ING entities actively enter into agreements to sell and buy back marketable securities. These transactions can take many legal forms. Repurchase and reverse repurchase agreements, buy/sell-back and sell/buyback agreements, and securities borrowing and lending agreements are...
81
annual_report
1909
451
Historically in the insurance industry, the ratio of statutory premiums to surplus has been used as a measure of solvency. An increase in the ratio can indicate a possible increase in solvency risk. Management and certain analysts also view this ratio as a measure of the effective use of capital since, as the ratio inc...
103
10K
5038
2,249
The selling costs ratio is computed as selling expenses divided by health plan services premiums revenue.
16
10K
fr_axa-AR_2008
1,803
Previous directorships held during the last five years Director: • AXA France Assurance • AXA France Collectives
17
annual_report
3262
290
Liabilities. A comparison of total policy liabilities as of December 31, 2006, 2005 and 2004 is shown below. Approximately 89% of the 2006 total consists of insurance policy benefit reserves while policyholder deposit liabilities represent 11% of the total.
39
10K
PhoenixGroupHoldingsPLC-AR_2010
610
We have introduced a target for the quality of complaint handling, which is to be at or below the industry average for Financial Ombudsman Service (‘FOS’) ‘overturns’ – where the Ombudsman finds in favour of the customer.
37
annual_report
4985
1,570
One way that we evaluate the performance of our property and casualty reinsurance results is by measuring net underwriting income or loss. We do not measure performance based on the amount of gross premiums written. Net underwriting income or loss is calculated from net premiums earned, less net loss and loss adjustmen...
65
10K
AegonNV-AR_2010
2,604
ABSs – Collateralized Bond Obligations (CBOs) 595 655 – – 1,250 28
12
annual_report
fr_axa-AR_2016
9,509
Related recent initiatives include the installation of water sensors in bathroom facilities for AXA France and water-saving initiatives at various entities (e.g. AXA Switzerland).
24
annual_report
5021
1,350
The Company funds its qualified pension plans at least at the minimum amount required by the Employee Retirement Income Security Act of 1974 and the Pension Protection Act of 2006. For 2015, the Company expects to make minimum required contributions totaling approximately $5 million. Future years' contributions will ul...
69
10K
gb_lloyds_banking_grp-AR_2008
4,128
Premium arising on private placement of ordinary shares (note 41) 689 –
12
annual_report
5231
1,855
The following table summarizes dividends and extraordinary distributions paid by each of the Company's Principal Insurance Subsidiaries to its parent for the periods indicated:
24
10K
AvivaPLC-AR_2020
3,013
Total current tax from continuing operations 584 863 Deferred tax Origination and reversal of temporary differences 12 344 Changes in tax rates or tax laws (14) (6) Write (back) of deferred tax assets (11) —
35
annual_report
3982
831
Corporate and Other segment operating income was $82.0 million for the year ended December 31, 2009, compared to a loss of $106.0 million for the year ended December 31, 2008. The variance was primarily due to a pre-tax gain on the repurchase of surplus notes of $126.3 million, net of deferred issue costs, and positive...
101
10K
2360
446
The excess of loss treaty also insures us for an additional $34 million in excess of the company's $10 million retention plus the next $24 million as described above. Accordingly, loss and LAE incurred for Hurricanes Ivan, Jeanne and any subsequent catastrophic events through June 30, 2005, up to $34 million each, are ...
64
10K
BeazleyPLC-AR_2019
1,147
Responsibilities of the committee The committee’s main responsibilities are to, inter alia: • regularly review the structure, size and composition (including the skills, knowledge, experience and diversity) required by the board compared to its current and projected position; • give full consideration to succession pla...
157
annual_report
1916
554
The Departments of Insurance in Ohio and California prescribe minimum levels of capital and surplus for insurance companies, and set guidelines for insurance company investments. PICO's insurance subsidiaries structure the maturity of fixed-income securities to match the projected pattern of claims payments; however, i...
70
10K