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NatixisSA-AR_2016 | 5,622 | made for counterparty risk (Credit Valuation Adjustment – CVA). moved more in line, in terms of method, with the adjustment write-downs on CDS contracted with monoline insurers has Since December 31, 2015, the valuation model used to measure and the counterparty spread implied from the market data. It also takes account of the expected depreciation of exposures | 57 | annual_report |
4781 | 1,365 | The weighted-average discount rate and rate of increase in future compensation levels used to develop the components of the Accumulated Postretirement Benefit Obligation at December 31, 2013 and 2012 were: | 30 | 10K |
5894 | 471 | The significant decreases in deposits and change in funds withheld under the annuity coinsurance agreement with an offshore annuity and life insurance company is due to management’s decision to significantly reduce annuity production to maintain and increase statutory risk-based capital in TLIC and FBLIC and our mutual agreement with an offshore annuity and life insurance company to amend and reduce the Quota Share from the original contractual amount of 90% to an amended amount of 0% for future business effective April 1, 2020. | 83 | 10K |
LloydsBankingGroupPLC-AR_2002 | 1,479 | Net replacement cost represents the total positive fair value of all derivative contracts at the balance sheet date, after allowing for the offset of all negative fair values where the Group has a legal right of set-off with the counterparty concerned. | 41 | annual_report |
1002 | 204 | they rated all our insurance companies A+. This was particularly gratifying for we had always believed there was a size bias in S&P's approach to rating insurance companies. | 28 | 10K |
ScorSE-AR_2014 | 3,769 | CREDIT DEFAULT SWAP The most conventional form of credit derivatives, allows one side to buy the protection against the default of its counterparty by regularly paying a third part a premium and receiving from it the pre-determined amount in the event of default. | 43 | annual_report |
5213 | 778 | This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) contains certain financial measures, in particular the presentation of Adjusted Earnings and Adjusted Book Value, which are not presented in accordance with accounting principles generally accepted in the United States (“GAAP”). We are presenting these non-GAAP financial measures because they provide greater transparency and enhanced visibility into the underlying drivers of our business. We do not intend for these non-GAAP financial measures to be a substitute for any GAAP financial measures and they may differ from similar reporting provided by other companies. Readers of this Form 10-K should use these non-GAAP financial measures only in conjunction with the comparable GAAP financial measures. Adjusted Earnings and Adjusted Book Value are non-GAAP financial measures that adjust for the impact of certain non-recurring or non-economic GAAP accounting requirements and include the addition of certain items that the Company has or expects to realize in the future, but that are not reported under GAAP. We also provide reconciliations to the most directly comparable GAAP measures; Adjusted Earnings to Net income attributable to common stockholders and Adjusted Book Value to Total Ambac Financial Group, Inc. stockholders’ equity. | 195 | 10K |
TrygAS-AR_2007 | 692 | Copenhagen on 27 February 2007 plus a supplement of 10%, and each option entitles the holder to acquire one share at the exercise price. Options cannot be exercised earlier than three years after the date of grant and not later than five years after the date of grant. TrygVesta expects to grant a stock option programme of a similar value in 2008. | 62 | annual_report |
SwissReAG-AR_2017 | 2,835 | Net income/loss after attribution of non-controlling interests 2 119 856 135 638 –122 0 3 626 | 16 | annual_report |
DirectLineInsuranceGroupPLC-AR_2020 | 439 | The Group generated operating cash flows before movements in working capital of £398.6 million (2019: £370.3 million), an increase of £28.3 million due to the increase in profit for the year adjusted for non-cash movements. After taking into account movements in working capital, the Group generated £402.6 million (2019: £182.4 million), an increase of £220.2 million. The Group has considerable assets under management; the cash generated from these reduced by £58.0 million to £315.9 million following reductions in the Group’s assets under management, as a result of dividend payments. Net cash generated from operating activities was £584.7 million (2019: £462.1 million). | 101 | annual_report |
5636 | 1,356 | For a first catastrophic event striking Florida, our reinsurance program provides coverage up to $1.75 billion of losses and loss adjustment expenses, including our retention, and we are responsible for all losses and loss adjustment expenses in excess of such amount. For a first catastrophic event striking Hawaii, our reinsurance program provides coverage up to $731 million of losses and loss adjustment expenses, including our retention, and we are responsible for all losses and loss adjustment expenses in excess of such amount. For subsequent catastrophic events, our total available coverage depends on the magnitude of the first event, as we may have coverage remaining from layers that were not previously fully exhausted. An aggregate of $632 million of limit purchased in 2017 includes reinstatement through the purchase of reinsurance reinstated premium. In total, we have purchased $2.6 billion of potential reinsurance coverage, including our retention, for multiple catastrophic events. Our ability to access this coverage, however, will be subject to the severity and frequency of such events. Hurricane losses in states other than Hawaii would be covered under the Heritage P&C program with the exception of the FHCF coverage and the series 2015, 2016 and 2017 catastrophe bonds. Management deemed this reinsurance protection to be sufficient given the level of catastrophe exposure in 2017 for Alabama, Georgia, North Carolina and South Carolina. In placing our 2017-2018 reinsurance program, we sought to capitalize on favorable reinsurance pricing and mitigate uncertainty surrounding the future cost of our reinsurance by negotiating multi-year arrangements. The $687.5 million of aggregate coverage we have purchased from Citrus Re Ltd, which includes the 2015 Class A, B, and C notes, the 2016 Class D & E notes, and the 2017 Series notes extends $277.5 million of coverage until May 2018, $250 million of coverage for two-year period and $160 million of coverage for a three-year period. To the extent coverage is all or partially exhausted before the end of three years, it cannot be reinstated. In the aggregate, multi-year coverage from Citrus Re Ltd accounts for approximately 26% of our purchases of private reinsurance for the 2017 hurricane season. The terms of each of the multi-year coverage arrangements described above are subject to adjustment depending on, among other things, the size and composition of our portfolio of insured risks in future periods. | 385 | 10K |
StorebrandASA-AR_2001 | 113 | Storebrand’s strategy for the non-life activities of If Skadeförsäkring is one of value-maximisation, and in Storebrand’s view the negative trend seen for non-life insurance business can be turned around by the current program of premium increases and a range of other measures. Storebrand therefore expects that If Skadeförsäkring, as a dominant Scandinavian player, will produce significant improvements in future earnings. | 60 | annual_report |
4384 | 594 | At December 31, 2011, we held controlling majority interests in seven limited liability companies that own the fifteen 2011 Era Plants. As of January 1, 2012, we sold majority portions of our investments in six limited liability companies that own five of the plants for $12.9 million. These plants are currently producing refined coal under long-term purchase commitments with utilities. Collectively, these five plants could generate for us approximately $8.0 million of net after-tax earnings per quarter through 2021. | 79 | 10K |
AvivaPLC-AR_2016 | 304 | Furthermore, True Customer Composite means valuing and rewarding customers for making the choice to have a deeper, more loyal relationship with us. | 22 | annual_report |
3949 | 312 | The Company derives a substantial portion of its income from investments in municipal and corporate bonds and equity securities. The Company’s title insurance subsidiaries are required by statute to maintain minimum levels of investments in order to protect the interests of policyholders. Bonds totaling approximately $6,960,000 and $6,540,000 at December 31, 2009 and 2008, respectively, are deposited with the insurance departments of the states in which business is conducted. | 69 | 10K |
2391 | 2,242 | Sales of securitized assets to QSPEs result in a gain or loss amounting to the net of sales proceeds, the carrying amount of net assets sold, the fair value of servicing rights and retained interests and an allowance for losses. Amounts recognized in our combined financial statements related to sales to QSPEs as of December 31 are as follows: | 59 | 10K |
5349 | 2,491 | Plan assets of the Qualified Pension Plan by category as of December 31, 2017 (Successor Company) and December 31, 2016 (Successor Company), are as follows: | 25 | 10K |
5808 | 629 | The fair value of contingent earnout liabilities and contingently returnable consideration is based upon estimated payments expected to be or paid to, or clawed back from, the sellers of the acquired businesses as measured by expected future cash flow projections under various scenarios. We use a probability weighted value analysis as a valuation technique to convert future estimated cash flows under various scenarios to a single present value amount. We assess the fair value of these liabilities and assets at each balance sheet date based on the expected performance of the associated business and any changes in fair value are recorded through change in fair value of contingent consideration in the consolidated statements of comprehensive income (loss). | 117 | 10K |
HannoverRueckSE-AR_2013 | 687 | In the year under review Hannover Re for the first time availed itself of the option to present a combined Group and company management report pursuant to § 315 Para. 3 of the Commercial Code (HGB) in conjunction with § 298 Para. 3 of the Commercial Code (HGB). Supplementary to the reporting on the Hannover Re Group, we therefore discuss below the development of Hannover Rück SE. | 67 | annual_report |
2261 | 1,292 | In addition to the difficulties described above, estimating the ultimate cost of both reported and unreported APMT claims is subject to a higher degree of variability due to a number of additional factors, including among others: the number and outcome of direct actions against the Company; coverage issues, including whether certain costs are covered under the policies and whether policy limits apply; allocation of liability among numerous parties, some of whom may be in bankruptcy proceedings, and in particular the application of “joint and several” liability to specific insurers on a risk; inconsistent court decisions and developing legal theories; increasingly aggressive tactics of plaintiffs’ lawyers; the risks and lack of predictability inherent in major litigation; increased filings of claims in certain states to avoid the application of tort reform statute effective dates; enactment of national federal legislation to address asbestos claims; a further increase in asbestos and environmental pollution claims which cannot now be anticipated; increase in number of mass tort claims relating to silica and silica-containing products, and the outcome of ongoing disputes as to coverage in relation to these claims; a further increase of claims and claims payment that may exhaust underlying umbrella and excess coverage at accelerated rates; and future developments pertaining to the Company’s ability to recover reinsurance for asbestos and environmental pollution claims. | 218 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008 | 3,415 | DKV Deutsche Krankenversicherung AG Aachener Strasse 300 50933 Köln Tel.: 0 18 01/35 81 00 Fax: 0 18 05/78 60 00 E-mail: service@dkv.com www.dkv.com | 24 | annual_report |
4370 | 3,383 | * Includes investments of entities classified as held for sale of $415 million at December 31, 2010. At December 31, 2011, private equity fund investments included above are not redeemable during the lives of the funds and have expected remaining lives that extend in some cases more than 10 years. At that date, 32 percent of the total above had expected remaining lives of less than three years, 55 percent between three and seven years and 13 percent between seven and 10 years. Expected lives are based upon legal maturity, which can be extended at the fund manager's discretion, typically in one-year increments. | 103 | 10K |
fr_axa-AR_2005 | 4,353 | Fixed maturities at fair value through profit & loss 43,403 – 10 43,413 | 13 | annual_report |
ch_zurich_insurance_group-AR_2014 | 2,573 | Fair value of plan assets 4,524 9,162 2,676 1,092 1,007 18,461 Net defined benefit asset/(liability) (509) (1,977) (962) (244) (355) (4,046) Net post-employment benefit (expense)/income 1 25 (195) (111) (37) (25) (343) | 32 | annual_report |
2998 | 713 | Commercial mortgage loans in California accounted for 31% of our commercial mortgage loan portfolio at December 31, 2006. Through this concentration, we are | 23 | 10K |
1775 | 2,821 | As previously discussed, in fiscal 2001 and 2000 the Company participated in "dollar roll" repurchase agreement transactions. Amounts outstanding to repurchase securities under such agreements were approximately $260.6 million and $233.2 million at December 31, 2001 and 2000, respectively. The Company may engage in selected "dollar roll" transactions as market opportunities arise. | 52 | 10K |
5309 | 1,356 | The merger agreement provides (a) for the merger of the Company and Merger Sub, with the Company continuing as the surviving corporation and (b) if certain tax opinions are delivered, immediately following the completion of the initial merger, for the surviving corporation to be merged with and into Anthem, with Anthem continuing as the surviving corporation (collectively, the "merger"). Subject to certain terms, conditions, and customary operating covenants, each share of Cigna common stock issued and outstanding immediately prior to the effective time of the merger would be converted into the right to receive (a) $103.40 in cash, without interest, and (b) 0.5152 of a share of Anthem common stock. The closing price of Anthem common stock on February 22, 2017 was $163.27. | 123 | 10K |
AvivaPLC-AR_2005 | 598 | We actively engage in the development of new accounting standards, via industry forums and working parties, reviewing and providing comment on proposals from the IASB. | 25 | annual_report |
de_allianz-AR_2013 | 380 | In accordance with the RSu rules, outstanding holdings are for feited should a Board member leave at their own request or be terminated for cause. | 25 | annual_report |
4063 | 451 | The property and casualty industry has experienced significant loss from claims related to asbestos, environmental remediation, product liability, mold and other mass torts. Asbestos reserves are $2.0 million, and environmental reserves are $8.6 million, for a total of $10.6 million, or 1.3% of net losses and loss expenses payable. Asbestos reserves decreased $1.4 million and environmental reserves increased $0.9 million from 2008. Because we have insured primarily product retailers and distributors, we do not expect to incur the same level of liability, particularly related to asbestos, as companies that have insured manufacturing risks. | 93 | 10K |
5287 | 1,530 | The Company employs a total return approach whereby a mix of equity and fixed maturity securities are used to maximize the long term return of plan assets for a prudent level of risk and to manage cash flows according to plan requirements. The target allocation of plan assets is 40% to 60% invested in equity securities and limited partnerships, with the remainder primarily invested in fixed maturity securities. The intent of this strategy is to minimize the Company’s expenses by generating investment returns that exceed the growth of the plan liabilities over the long run. Risk tolerance is established after careful consideration of the plan liabilities, plan funded status and corporate financial conditions. The investment portfolio contains a diversified blend of fixed maturity, equity and short term securities. Alternative investments, including limited partnerships, are used to enhance risk adjusted long term returns while improving portfolio diversification. At December 31, 2016, the Company had committed $119 million to future capital calls from various third party limited partnership investments in exchange for an ownership interest in the related partnerships. Investment risk is monitored through annual liability measurements, periodic asset/liability studies and quarterly investment portfolio reviews. | 193 | 10K |
NatwestGroupPLC-AR_2008 | 216 | As well as this financial support, RBS also extended the face-toface advice and support that is already available to customers through their relationship managers. A team of 500 highly experienced managers was selected to provide business customers with hands on support to manage their businesses through the downturn. This was followed in December 2008 by the launch of Business Lifeline, a specialist helpline which RBS has established to provide advice and support to small business customers. | 76 | annual_report |
gb_prudential-AR_2012 | 1,877 | Details of directors’ pension entitlements under HMRC approved defined benefit schemes and supplements in the form of contributions to pension arrangements paid by the Company are set out in the following table: Additional pension earned during year ended 31 December 2012 | 41 | annual_report |
gb_lloyds_banking_grp-AR_2014 | 2,235 | Geopolitical shocks Geopolitical uncertainties could impact the current gradual global recovery, market risk pricing, asset price valuations and oil prices leading to tighter financial conditions, higher funding costs and therefore potentially reducing returns. | 33 | annual_report |
de_allianz-AR_2009 | 3,549 | Due to the Liquidity Agreement which became effective on June 30, 2007, the parameters for the valuation of the AGF share option plans were changed. | 25 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018 | 366 | Benefit: − In the case of defined contribution plans: 80% of the insured occupational pension up to the age of 59 or 61, with subsequent occupational pension. − In the case of a combination of defined benefit plans and defined contribution plans: Vested pension from the defined benefit plan and 80% of the insured occupational pension benefit up to age 59, with subsequent occupational pension based on the defined contribution plan. | 71 | annual_report |
de_allianz-AR_2019 | 5,047 | Niederösterreichische Glasfaserinfrastrukturgesellschaft mbH, St. Pölten 100.0 nöGIG Phase Zwei GmbH, St. Pölten 100.0 | 13 | annual_report |
1927 | 594 | Our professional liability insurance segment principally provides liability insurance for providers of medical and other healthcare services, and to a limited extent providers of legal services (Professional Coverages). The professional liability segment also includes accident and health and workers' compensation insurance (Other Coverages). | 43 | 10K |
3065 | 717 | Canada - Gross premiums written of $32.0 million for the year ended December 31, 2006 decreased $18.4 million, or 36.5%, compared to $50.4 million for the year ended December 31, 2005. The reduction in gross premiums written was primarily due to the cancellation of certain automobile business by ceding companies, based on their decision to retain more business. In certain cases, this included the return of unearned premiums to the ceding company. | 72 | 10K |
2637 | 1,242 | In our opinion, management's assessment that American Independence Corp. and subsidiaries maintained effective internal control over financial reporting as of December 31, 2004, is fairly stated, in all material respects, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Also, in our opinion, American Independence Corp. and subsidiaries maintained, in all material respects, effective internal control over financial reporting as of December 31, 2004, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). | 95 | 10K |
NatwestGroupPLC-AR_2016 | 1,622 | Salary Pension and benefits Fixed share allowance (FSA) LTI award £ | 11 | annual_report |
5589 | 1,007 | Gross written premiums increased 27% to $218 million in 2017 from $171 million in 2016, primarily a result of re-entering the U.S. casualty reinsurance market in 2017. Net written premiums increased 41% to $193 million in 2017 from $137 million in 2016, due to the same reason. | 47 | 10K |
5457 | 831 | To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (a) a hedge of the exposure to changes in the estimated fair value of a recognized asset or liability or an identified portion thereof that is attributable to a particular risk ("fair value hedge") or (b) a hedge of a forecasted transaction or of the variability of cash flows that is attributable to interest rate risk to be received or paid related to a recognized asset or liability ("cash flow hedge"). In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method that will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly | 172 | 10K |
AvivaPLC-AR_2013 | 2,811 | Expected to be recovered in less than one year 6,918 7,384 Expected to be recovered in more than one year 142 92 7,060 7,476 1 Restated for the adoption of IFRS10. See note 1 for further details. | 37 | annual_report |
TopdanmarkAS-AR_2017 | 1,079 | Ratios The financial ratios have been calculated in accordance with the definitions of ratios issued by the Danish Finance Society in 2017, except for “profit per share” and “diluted profit per share”, which have been calculated in accordance with IAS 33 Earnings per share. | 44 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019 | 1,844 | For the 2020 financial year, capital transfers of €85m (84m) to plan assets are expected. | 15 | annual_report |
4108 | 922 | We classify our business into two underwriting segments consisting of the Insurance Companies and the Lloyd’s Operations, which are separately managed, and a Corporate segment. Segment data for each of the two underwriting segments include allocations of revenues and expenses of the wholly-owned underwriting management companies and the Parent Company’s operating expenses and related income tax amounts. The Corporate segment consists of the Parent Company’s investment income, interest expense and the related tax effect. | 74 | 10K |
3451 | 1,610 | The following table summarizes the components of general insurance expenses for the years ended December 31, 2007, 2006 and 2005: | 20 | 10K |
4959 | 1,654 | (1) Included loans where we were in a secondary loss position for which no reserve was established due to an existing deductible. Excluding these loans, bulk delinquent loans were 1,109, 1,491 and 1,415 as of December 31, 2014, 2013 and 2012, respectively. | 42 | 10K |
RaiffeisenBankInternationalAG-AR_2016 | 581 | In Croatia, a law to enforce the conversion of loans denominated in Swiss francs resulted in a negative one-off effect of € 77 million in the previous year (2016: minus € 10 million). Proceedings initiated by the banks against the Croatian government challenging the constitutionality of the law are pending. | 50 | annual_report |
2338 | 835 | favorable trends in inflation and other matters that could affect operating expenses; | 12 | 10K |
4864 | 1,440 | The National Association of Insurance Commissioners ("NAIC"), through various committees, subgroups and dedicated task forces, has undertaken a review of the use of captives and special purpose vehicles used to transfer insurance risk in relation to existing state laws and regulations, and several committees have adopted or exposed for comment white papers and reports that, if or when implemented, could impose additional requirements on the use of captives and other reinsurers. | 71 | 10K |
4363 | 737 | The Company's overall conservative investment philosophy is reflected in the allocation of its investments, which is detailed below as of December 31, 2011 and 2010. The Company emphasizes investment grade debt securities, with smaller holdings in mortgage loans and policy loans. | 41 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 3,551 | The technique used to value this element of the contingent consideration is based on a statistical model used for the Group’s Solvency II reporting at 31 December 2017, with each possible outcome weighted by the likelihood of that outcome. | 39 | annual_report |
2811 | 600 | Goodwill of $108,393,000 was assigned to the Retail, National Programs and Brokerage Divisions in the amounts of $80,793,000, $20,329,000 and $7,271,000, respectively. Of that total amount, $105,024,000 is expected to be deductible for income tax purposes. | 36 | 10K |
ScorSE-AR_2020 | 3,303 | The table below presents the estimated maturity profiles of financial assets, for which the Group is expected to generate cash inflows to meet cash outflows on financial and reinsurance contract liabilities. | 31 | annual_report |
3085 | 1,250 | The allowance for losses is maintained at a level believed adequate by management to absorb estimated probable credit losses. Management's periodic evaluation and assessment of the adequacy of the allowance for losses and the need for mortgage impairments is based on known and inherent risks in the portfolio, adverse situations that may affect a borrower's ability to repay, the estimated value of the underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. The evaluation of our loan specific reserve component is also subjective, | 88 | 10K |
5089 | 1,486 | In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Willis Towers Watson Public Limited Company and subsidiaries as of December 31, 2015 and 2014, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2015, in conformity with accounting principles generally accepted in the United States of America. | 68 | 10K |
913 | 373 | Loss and LAE increased $36.5 million, or 35%, to $141.8 million in 1997 from $105.3 million in 1996 due to higher premiums earned partially offset by a slightly lower loss ratio. The Company's loss ratio decreased to 67.1% in 1997 from 67.6% in 1996. In connection with the Company's normal reserving review, which includes a reevaluation of the adequacy of reserve levels for prior years' claims, the Company reduced its unpaid loss and LAE reserves in 1997 for prior report years by approximately $10.3 million. In 1996, the Company reduced its unpaid loss and LAE reserves for prior report years by $6.8 million. These reductions produced corresponding increases in the Company's net income of approximately $6.7 million, or $0.62 per diluted share, in 1997 and $4.4 million, or $0.42 per diluted share, in 1996. There is no assurance that reserve adequacy reevaluations will produce similar reserve reductions and net income increases in the future. | 154 | 10K |
3782 | 1,500 | Insurance - This segment is comprised of six lines of business: property, casualty, healthcare liability, workers’ compensation, agriculture and professional lines. The property line of business is comprised of the insurance and facultative reinsurance of commercial properties. The types of risks insured are generally properties with sufficiently large values to require multiple insurers and reinsurers to accommodate their insurance capacity needs. The agriculture line of business is comprised of multiple peril crop insurance, crop hail, livestock risk protection and other agriculture risk management products. The casualty lines of business are comprised of the insurance and facultative reinsurance of third party liability exposures, including casualty, healthcare liability, workers’ compensation, and professional lines. The agriculture line of business is comprised of multiple peril crop insurance, crop hail, livestock risk protection and other agriculture risk management products. | 134 | 10K |
TopdanmarkAS-AR_2017 | 434 | Allocated investment return, net of reinsurance 2,031 2,691 1,194 3,147 3,372 | 11 | annual_report |
ASRNederlandNV-AR_2015 | 313 | • The Solvency II ratio 1 continued to rise, standing at a midpoint estimate of 185% at year-end 2015 after distribution of the proposed dividends (year-end 2014: approx. 170%) 2. | 30 | annual_report |
NatixisSA-AR_2004 | 1,021 | General operating expenses, depreciation, amortization and provisions (656) (89) (408) (503) (202) (1,857) | 13 | annual_report |
5920 | 1,731 | •Included within other is an investment in a real estate debt fund, for which we measure fair value by obtaining the most recently available NAV from the external fund manager or third-party administrator. The fair value of this investment is measured using the NAV as a practical expedient and therefore has not been categorized within the fair value hierarchy. | 59 | 10K |
344 | 473 | insurance-related companies. RCHI will rely on cash dividends and distributions from Risk Capital Reinsurance to pay any cash dividends to stockholders of RCHI and to pay any operating expense that RCHI may incur. The payment of dividends by RCHI will be dependent upon the ability of Risk Capital Reinsurance to provide funds to RCHI. The ability of Risk Capital Reinsurance to pay dividends or make distributions to RCHI is dependent upon its ability to achieve satisfactory underwriting and investment results and to meet certain regulatory standards of the State of Nebraska. There are presently no contractual restrictions on the payment of dividends or the making of distributions by Risk Capital Reinsurance to RCHI. | 113 | 10K |
nl_ing_grp-AR_2013 | 785 | * Outside Europe and Japan, Investment Management has offices in New York, Atlanta, Singapore and Dubai. | 16 | annual_report |
4051 | 1,596 | (a) Includes reserves for Transatlantic, which was deconsolidated during the second quarter of 2009 and 21st Century which was sold in the third quarter of 2009. | 26 | 10K |
1245 | 210 | The Companies closely monitor the composition and yield of invested assets, the duration and interest credited on insurance liabilities, and resulting interest spreads and timing of cash flows. These amounts are taken into consideration in the Companies' overall management of interest rate risk, which attempts to minimize exposure to changing interest rates through the matching of investment cash flows with amounts expected to be due under insurance contracts. These assumptions may not result in values consistent with those obtained through an actuarial appraisal of the Companies' business or values that might arise in a negotiated transaction. | 96 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2014 | 420 | Russia’s economic problems on the dynamics of the Polish economy has thus far been limited and should remain as such. | 20 | annual_report |
1659 | 699 | The Company also maintains a deferred compensation plan pursuant to Section 401(k) of the Internal Revenue Code of 1986, as amended. Employees may contribute up to 10% of annual compensation on a pre- | 33 | 10K |
290 | 466 | The Company's strategy is to expand its business to the extent possible without adversely impacting its loan portfolio and policyholder base. However, the Company's strategic model is not dependent on growth as a source of liquidity. While the level of revenues will obviously affect results of operations, the Company's liquidity is not dependent on future revenue growth. | 57 | 10K |
StorebrandASA-AR_2010 | 955 | The Remuneration Committee assists the Board with all matters concerning the CEO’s remuneration. The committee monitors the remuneration of the group’s executive personnel, and proposes guidelines for the setting of the executive personnel’s remuneration and the Board’s declaration concerning the setting of the executive personnel’s remuneration, which is presented to the AGM each year. | 54 | annual_report |
PosteItalianeSpA-AR_2019 | 2,613 | Green lover >61% of total points 100% sustainable? Impossible, but you are really close. Every aspect of your life is designed with environmental sustainability in mind and you are concerned about the legacy you are going to leave to the younger generations. Keep it up! You are an example to those around you. | 53 | annual_report |
AegonNV-AR_2015 | 2,052 | Annual Accounts This Annual Report includes the Annual Accounts for 2015, which were prepared by the Executive Board and discussed by both the Audit Committee and the Supervisory Board. The Annual | 31 | annual_report |
4989 | 1,905 | We participate in a securities lending program in the normal course of business for the purpose of enhancing the total return on our investment portfolio. Periodically we receive non-cash collateral for securities lending from counterparties on deposit from customers, which cannot be sold or re-pledged, and which has not been recorded on our consolidated balance sheets. The amount of this collateral was $83 million at estimated fair value at December 31, 2014. We had no such collateral as of December 31, 2013. See Notes 1 and 8 of the Notes to the Consolidated Financial Statements, as well as “- Investments - Securities Lending” for discussion of our securities lending program, the classification of revenues and expenses, and the nature of the secured financing arrangement and associated liability. | 127 | 10K |
fr_axa-AR_2018 | 6,158 | In addition, an International Tax Committee composed of various senior tax executives within AXA tax teams meets every quarter to ensure consistency in approach on some technical topics, as well as agreements on guidelines connected to specific items. | 38 | annual_report |
3975 | 1,431 | We establish reserves for losses and loss adjustment expenses ("Loss Reserves") which represent estimates involving actuarial and statistical projections, at a given point in time, of our expectations of the ultimate settlement and administration costs of losses incurred. Estimating Loss Reserves is inherently difficult, which is exacerbated by the fact that we are a relatively new company with relatively limited historical experience upon which to base such estimates. We utilize actuarial models as well as available historical insurance industry loss ratio experience and loss development patterns to assist in the establishment of Loss Reserves. Actual losses and loss adjustment expenses paid will deviate, perhaps substantially, from the reserve estimates reflected in our financial statements. | 114 | 10K |
RaiffeisenBankInternationalAG-AR_2013 | 2,554 | Regulatory values are defined for RBI on an individual basis by the Austrian Banking Act (BWG) based on adequate guidelines of the EU and on the applicable regulation of the European Parliament. There are also – often deviating with regard to content – guidelines in the several countries in which RBI operates. Such guidelines have to be adhered to by the local Group units. | 64 | annual_report |
NatixisSA-AR_2007 | 9,567 | Foncier de France. Banque Palatine, Foncier Participations and Crédit Foncier de France reciprocally undertook to sell their investment in Compagnie 1818 – Banquiers Privés to | 25 | annual_report |
4489 | 987 | As of December 31, 2011, securities in an unrealized loss position that were rated as below investment grade represented 32.5% of the total fair value and 54.3% of the total unrealized loss. We have the ability and intent to hold these securities to maturity. After a review of each security and its expected cash flows, we believe the decline in market value to be temporary. As of December 31, 2011, total unrealized losses for all securities in an unrealized loss position for more than twelve months were $255.9 million. A widening of credit spreads is estimated to account for unrealized losses of $504.9 million, with changes in treasury rates offsetting this loss by an estimated $249.0 million. | 117 | 10K |
4553 | 569 | Revenues and pre-tax earnings in 2012 from the retailing businesses increased $142 million (4%) and $5 million (2%), respectively, over revenues and earnings in 2011. Increased revenues from the home furnishings and jewelry businesses as well as the inclusion of OTC since November 27 were partially offset by lower revenues from Pampered Chef. Increased earnings of our home furnishings retailers were substantially offset by lower earnings from our jewelry businesses and Pampered Chef. | 73 | 10K |
5349 | 1,867 | As of December 31, 2017 (Successor Company), total derivative contracts with a notional amount of $26.3 billion were in a $644.8 million net loss position. Included in the $26.3 billion is a notional amount of $2.5 billion in a $214.2 million net loss position that relates to our Modco trading portfolio. Also included in the total, is $9.6 billion in a $111.8 million net loss position that relates to our GLWB embedded derivatives, $2.0 billion in a $218.7 million net loss position that relates to our FIA embedded derivatives, and $168.3 million in a $80.2 million net loss position that relates to our IUL embedded derivatives. | 106 | 10K |
AegonNV-AR_2012 | 5,068 | For the insurance and reinsurance undertakings of Aegon in the EU, the European Solvency I directives are applicable, as implemented in the relevant member states. Solvency I allows member states to require solvency standards, exceeding the minimum requirements set by the Solvency I directives. For life insurance companies the Solvency I capital requirement is by and large the sum of 4% of insurance and investment liabilities for general account and 1% of insurance and investment liabilities for account policyholders if no guaranteed investment returns are given. At the end of 2012, Aegon The Netherlands consolidated solvency capital ratio based on IFRS | 101 | annual_report |
NatwestGroupPLC-AR_2019 | 2,007 | (iv) The NYSE standards require that the compensation committee of a listed company be composed entirely of independent directors. Although the members of the RemCo are deemed independent in compliance with the provisions of the Code, the Board has not assessed the independence of the members of the RemCo and RemCo has not assessed the independence of any compensation consultant, legal counsel or other adviser, in each case, in accordance with the independence tests prescribed by the NYSE Standards. The NYSE Standards require that the compensation committee must have direct responsibility to review and approve the CEO’s remuneration. As stated at the start of this Compliance Report, in the case of RBSG plc, the Board rather than the RemCo reserves the authority to make the final determination of the remuneration of the CEO. (v) The NYSE Standards require listed companies to adopt and disclose corporate governance guidelines. Throughout the year ended 31 December 2018, RBSG plc has complied with all of the provisions of the Code (subject to the exception described above) and the Code does not require RBSG plc to disclose the full range of corporate governance guidelines with which it complies. (vi) The NYSE Standards require listed companies to adopt and disclose a code of business conduct and ethics for directors, officers and employees, and promptly disclose any waivers of the code for directors or executive officers. RBSG plc has adopted a code of conduct which is supplemented by a number of key policies and guidance dealing with matters including, among others, antibribery and corruption, anti-money laundering, sanctions, confidentiality, inside information, health, safety and environment, conflicts of interest, market conduct and management records. This code of conduct applies to all officers and employees and is fully aligned to the PRA and FCA Conduct Rules which apply to all directors. The Code of Conduct is available to view on RBS’s website at rbs.com. | 314 | annual_report |
5860 | 1,421 | The Company did not have any non-income producing fixed maturity investments for the years ended December 31, 2020 or 2019, respectively. | 21 | 10K |
NatwestGroupPLC-AR_2014 | 527 | • Average customer deposits were down 2% with planned run-off of high priced deposits. | 14 | annual_report |
4886 | 1,198 | not enter into reinsurance or other risk share arrangements without the GSEs' prior written approval for its first three years, then pursuant to the Eligibility Requirements. | 26 | 10K |
de_allianz-AR_2019 | 1,167 | Allianz SE and its subsidiaries (the Allianz Group) offer property-casualty insurance, life/health insurance, and asset management products and services in over 70 countries, with the largest of our operations located in Europe. The Allianz Group serves more than 100 million private and corporate customers. Allianz SE, the parent company of the | 51 | annual_report |
5941 | 663 | For the year ended December 31, 2019, there were no assets or liabilities measured at fair values on a nonrecurring basis. | 21 | 10K |
HannoverRueckSE-AR_2009 | 1,028 | In non-life reinsurance we have many years of positive experience using a ratio based on underwriting years, namely “DB 5”: level 5 of our contribution margin accounting method constitutes the clear profit after earning the discounted claims expenditure (level 1) plus all direct | 43 | annual_report |
4523 | 1,300 | AIG Life and Retirement's strategic focus related to life insurance and other mortality-based products includes disciplined underwriting, active expense management and product innovation. AIG Life and Retirement's distribution | 28 | 10K |
3632 | 799 | In our discussion of operating results, we sometimes refer to supplemental information derived from consolidated financial information. | 17 | 10K |
1483 | 562 | P. EARNINGS PER SHARE - Earnings per share are based on the weighted average number of common shares outstanding during each year, retroactively adjusted to give effect to all stock splits, in accordance with Statement of Financial Accounting Standards No. 128. The computation of diluted earnings per share is the same as basic earnings per share since the Company has no dilutive instruments outstanding. | 64 | 10K |
1241 | 517 | The Company is continually evaluating actuarial assumptions associated with interest sensitive life insurance contracts in which the determination of policy reserves is highly sensitive to assumptions such as withdrawal rates, investment earnings rates, mortality rates, and premium persistency. Currently reflected in the Company's financial statements are policy reserves and account values associated with such contracts, which aggregated approximately $527.1 million and $525.4 million as of December 31, 1999 and 1998, respectively. If developing trends were to continue, principally the less than expected level of the lapses currently associated with such interest sensitive blocks of business, the Company would be required to record additional reserves or reduce intangible assets, which could have a material impact on the Company's financial position and results of operations. A decrease of 1% in the assumed lapse rate would increase policy reserves associated with such contracts by $9.0 million. Management is also assessing the potential impact of future management actions, which might mitigate the financial impact of these trends. Types of management actions would likely include, but are not limited to, the redetermination of non-guaranteed charges and/or benefits under the contracts, asset segmentation, and reinsurance. There are risks associated with management action including potential sales disruption and the threat of litigation. | 205 | 10K |
1958 | 964 | Federal Income Tax: Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes. Deferred taxes have been measured using enacted statutory income tax rates and laws that are currently in effect. A valuation allowance is established for deferred tax assets when it is more likely than not that an amount will not be realized. | 74 | 10K |
SwissReAG-AR_1996 | 720 | Executive Board Chief Executive Officer Chief Risk Officer Corporate C om m unication CEO Office and Staff and Economic Research | 20 | annual_report |
5818 | 1,020 | Underwriting results include earned premium less losses and loss adjustment expenses (“LAE”) incurred, commission and brokerage expenses and other underwriting expenses. We measure our underwriting results using ratios, in particular loss, commission and brokerage and other underwriting expense ratios, which, respectively, divide incurred losses, commissions and brokerage and other underwriting expenses by premiums earned. | 54 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 933 | Remuneration (c) Investment Risk and Capital 52 Standard Life 2016 | 13 | annual_report |
RaiffeisenBankInternationalAG-AR_2005 | 818 | 88 www.ri.co.at Preface Managing Board Supervisory Board’s Report Overview Interview Stock | 11 | annual_report |
3969 | 926 | Goodwill represents the excess of cost over the fair market value of the net assets acquired. Goodwill is allocated to various reporting units, which are one reporting level below the operating segment. Upon disposition of a business entity, goodwill is allocated to the disposed entity based on the fair value of that entity compared to the fair value of the reporting unit in which it is included. Goodwill is not amortized, but instead is tested for impairment at least annually. The goodwill impairment test is performed at the reporting unit level and is a two-step analysis. First, the fair value of each reporting unit is compared to its book value. If the fair value of the reporting unit is less than its book value, the Company performs a hypothetical purchase price allocation based on the reporting unit's fair value to determine the fair value of the reporting unit's goodwill. Fair value is determined using a combination of present value techniques and market prices of comparable businesses. | 166 | 10K |
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