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4068 | 2,199 | The following table sets forth our unaudited quarterly summary consolidated statements of operations for each of the quarters for the years ended December 31, 2009 and 2008. The information for each of these quarters is unaudited and has been prepared on the same basis as our audited consolidated financial statements. This data should be read in conjunction with our consolidated financial statements and related notes. These operating results may not be indicative of results to be expected for any future period. | 81 | 10K |
gb_prudential-AR_2017 | 2,669 | Mark FitzPatrick joined the Board during the year. As Mark did not need to relocate to enable him to assume his role and he had no awards from his previous employer to replace, there were no specific arrangements required for his recruitment. | 42 | annual_report |
2167 | 544 | The financial services industry is also impacted by the regulatory and legislative environment. In 2003, additional aspects of the Sarbanes-Oxley Act of 2002 were implemented as rules relating to corporate governance, auditor independence and disclosure became effective and/or was adopted in their final form. Various federal and state securities regulators and self-regulatory organizations (including the Securities and Exchange Commission, New York Stock Exchange, and the National Association of Securities Dealers), as well as industry participants, continued to review and, in many cases, adopt changes to their established rules and policies in areas such as corporate governance, mutual fund trading, disclosure practices and auditor independence. | 104 | 10K |
4678 | 1,318 | See “Note 11-Stock Incentive Plans” to the Company’s Consolidated Financial Statements contained in this report. | 15 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2012 | 1,307 | Technical interest rate – drop by 1 p.p. (2 296) (2 168) (2 296) (2 168) | 16 | annual_report |
3157 | 658 | The pool notice inventory decreased from 23,772 at December 31, 2005 to 20,458 at December 31, 2006; the pool notice inventory was 25,500 at December 31, 2004. | 27 | 10K |
StandardLifeAberdeenPLC-AR_2015 | 1,578 | Company and the Group Taking reasonable steps to prevent and detect fraud and other irregularities | 16 | annual_report |
5373 | 970 | $28.5 million of Net Prior AY Reserve Releases for the year ended December 31, 2016, due to favorable loss emergence across all reporting segments. This compares to $64.7 million of Net Prior AY Reserve Releases for the same period in 2015, due to favorable loss emergence across all reporting segments. | 50 | 10K |
nl_ing_grp-AR_2018 | 1,337 | Shares not included in the Securities Giro Transfer system (‘Wet Giraal Effectenverkeer’ system) are transferred by means of a deed of transfer between the transferor and the transferee. To become effective, ING Group has to acknowledge the transfer, unless ING Group itself is a party to the transfer. The Articles of Association do not restrict the transfer of ordinary shares, whereas the transfer of cumulative preference shares is subject to prior approval of the Executive Board. ING | 77 | annual_report |
SwissReCorporateSolutions-AR_2018 | 392 | Gains and losses on assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (level 3) The gains and losses relating to the assets and liabilities measured at fair value using significant unobservable inputs (level 3) for the years ended 31 December were as follows: Gains/losses included in net income for the period 12 30 Whereof change in unrealised gains/losses relating to assets and liabilities still held at the reporting date 22 3 | 78 | annual_report |
PosteItalianeSpA-AR_2019 | 9,301 | Company the document with its own assessments for each of the profiles referred to by | 15 | annual_report |
212 | 624 | (a) (1) The following consolidated financial statements of Financial Institutions Insurance Group, Ltd. are included in | 16 | 10K |
3759 | 1,160 | •positively rebalance Willis' business lines mix, with the Reinsurance businesses, which in 2007 accounted for 15 percent of Willis' revenues, going to 12 percent of the revenues of the combined company. Meanwhile, the Employee Benefits business will increase from 10 percent of Willis' current revenues to 13 percent of the revenues of the combined company. | 55 | 10K |
4580 | 703 | Statutory capital and surplus is the capital of our insurance companies reported in accordance with accounting practices prescribed or permitted by the applicable state insurance departments. Risk-based capital (“RBC”) is a measure of an insurer’s solvency calculated using formulas and instructions from the National Association of Insurance Commissioners (“NAIC”). State laws specify regulatory actions if an insurer’s ratio of statutory capital and surplus to RBC, falls below certain levels. The RBC formula for life companies establishes capital requirements for asset, interest rate, market, insurance and business risks. The RBC formula for property and casualty companies establishes capital requirements for asset and underwriting risks including reserve risk. | 106 | 10K |
4557 | 2,884 | (2) The Company had previously disclosed the NAR based on the excess of the benefit base over the contractholder’s total contract account value on the balance sheet date. Such amounts were $9.7 billion and $12.1 billion at December 31, 2012 and 2011, respectively. The Company has provided, in the table above, the NAR as defined above. The Company believes that this definition is more representative of the potential economic exposures of these guarantees as the contractholders do not have access to this difference other than through annuitization. | 87 | 10K |
3926 | 1,370 | In September 2006, the FASB issued FASB Statement No. 157, Fair Value Measurements (“FASB Statement No. 157”). FASB Statement No. 157 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States, and expands disclosures about fair value measurements. The Company has adopted the provisions of FASB Statement No. 157 as of January 1, 2008, for financial instruments. | 68 | 10K |
522 | 199 | Income tax expense for 1996, 1995 and 1994, as a percentage of earnings before income taxes, including the extraordinary loss in 1995 and extraordinary gain in 1994, was 40.0%, 16.9% and 24.2%, respectively. See "Extraordinary Item." The fluctuations in income tax expense as a percentage of earnings before income taxes, including the extraordinary item, are attributable to the effect of state income taxes on the Company's wholly-owned underwritten title companies; a change in the amount and characteristics of net income, operating income versus investment income; and the tax treatment of certain items. See Note H of Notes to Consolidated Financial Statements for additional information regarding income taxes. | 107 | 10K |
SwissLifeHoldingAG-AR_2008 | 2,752 | AWD Savjetovanje d.o.o. za poslovno savjetovanje, Zagreb AWD from 19.03.2008 96.7% 100.0% full HRD 20 | 15 | annual_report |
de_allianz-AR_2016 | 155 | − Initial review of the annual Allianz sE and consoli- dated financial statements, management reports (incl. Risk Report) and the dividend proposal, review of half-yearly reports or, where applicable, quarterly financial reports or statements | 34 | annual_report |
3510 | 1,196 | by the addition of a reserve for adverse claims development when estimating the liability at the end of the period (captured as “components of medical care costs related to current year”). | 31 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 1,124 | The key outputs from the review included: �Recognising the Directors’ collective role in setting the ‘tone from the top’ and monitoring how culture was embedded across the Group | 29 | annual_report |
5052 | 863 | Loss Reserves for Watford Re are comprised of case reserves, ACRs and IBNR losses. For all business assumed by Watford Re, we act as reinsurance underwriting manager, provide actuarial and risk management services and recommend a level of Loss Reserves to Watford Re. We do not guarantee or provide credit support for Watford Re, and our financial exposure to Watford Re is limited to our investment in Watford Re’s common and preferred shares and counterparty credit risk (mitigated by collateral) arising from the reinsurance transactions. The estimation of Loss Reserves for Watford Re is subject to the same risk factors as the estimation of Loss Reserves for our underwriting operations as described earlier. Watford Re performs its own reserve reviews and sets its Loss Reserves independently. | 126 | 10K |
HelvetiaHoldingAG-AR_2012 | 1,030 | The carrying amounts of financial assets that are not classified as “at fair value through profit or loss” (LAR, HTM, AFS) are regularly reviewed for impairment. If objective and substantial evidence indicates permanent impairment at the reporting date, the difference between cost and the recoverable amount is recognised as an impairment through profit or loss. An equity instrument is considered impaired if its fair value falls considerably or constantly below cost (see also Note 2.6, page 100). Debt instruments are impaired or sold if it is probable that not all amounts due under the contractual terms will be collectible. This usually happens when contractually agreed interest or redemption payments are stopped or are in arrears, if the debtor suffers from serious financial difficulties and / or if the rating falls below a specific threshold value. If, in order to avoid impairment, new conditions are negotiated for mortgages or loans, the mortgages or loans in question are still recognised in the balance sheet at amortised cost. For LAR and HTM financial investments, the recoverable amount at the reporting date is equivalent to the present value of estimated future cash flows discounted at the original interest rate. Impairments are booked using an allowance account. The impairment is reversed through profit or loss if a subsequent event causes a decrease in the impairment loss. | 221 | annual_report |
5781 | 818 | Other assets consist primarily of identifiable intangible assets, property and equipment owned, right-of-use assets for our long-term leases, receivables resulting from sales of securities that had not yet settled as of the balance sheet date and prepaid expenses. | 38 | 10K |
fr_axa-AR_2013 | 6,959 | INTERNATIONAL INSURANCE 3,143 2,987 of which direct premiums 2,244 2,059 of which reinsurance assumed 670 705 of which revenues from other activities 228 222 | 24 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009 | 967 | With a gross premium volume of €0.8bn (0.9bn), our branch in the United Kingdom kept its premium income in original currency stable compared with the previous year, despite the difficult economic situation. Downward pressure on the prices of pure mortality covers persisted, but we succeeded in securing our strong market position and focused on expanding our client relationships. We also created the infrastructure necessary to provide innovative solutions in group business from 2010 onwards. In the field of longevity products, we conducted a comprehensive analysis of the market last year and laid the foundations for also writing this business selectively and profitably in future. | 104 | annual_report |
4519 | 1,331 | The fair value method of accounting recognizes share-based compensation to employees and non-employee directors in the statements of operations using the grant-date fair value of the stock options and other equity-based compensation expensed over the requisite service and vesting period. | 40 | 10K |
gb_lloyds_banking_grp-AR_2016 | 1,379 | Dear Shareholder Throughout 2016, the Audit Committee has continued to focus on its key objectives, overseeing financial reporting, internal controls, whistleblowing, and internal and external audit. | 26 | annual_report |
3015 | 828 | Investment managers are required to notify management of rating agency downgrades of securities in their portfolios as well as any potential investment valuation issues at the end of each quarter. Investment managers are also required to notify management to the extent the investment manager is contemplating a transaction or transactions that may result in a realized | 56 | 10K |
HelvetiaHoldingAG-AR_2013 | 2,591 | Annual Premium Equivalent (APE): 100 % annual new business premium +10 % single new business premium. PVNBP: Present value of new business premium. | 23 | annual_report |
fr_axa-AR_2008 | 4,885 | HOHO 3: class C Junior Class C Subordinated Mortgage-backed notes, maturity 2083, 3 month Euribor + 0.29%, Floating – – 9 | 21 | annual_report |
INGGroepNV-AR_2018 | 4,980 | The cover values are presented for the total portfolio of ING, both the performing and nonperforming portfolio. The non-performing definition is explained in detail in the section ‘Credit | 28 | annual_report |
5411 | 601 | There is no primary market and only a limited secondary market for the Company's investments in limited partnerships and, in most cases, the Company is prohibited from disposing of its limited partnership interests for some period of time and generally must seek approval from the applicable general partner for any such disposal. Distributions of earnings from these partnerships are largely at the sole discretion of the general partners and distributions are generally not received by the Company for many years after the earnings have been reported. The Company has a commitment to contribute up to an additional $1,404 to a limited partnership as of December 31, 2017. | 107 | 10K |
702 | 267 | The level of below investment grade bonds, which increased slightly during 1997, is within the guidelines authorized by the Policy. Generally, non- investment grade bonds, whether purchased via private placements or in public markets, are in the highest tier of ratings just below investment grade. | 45 | 10K |
4457 | 661 | Share Repurchases. In November 2010, the EHI Board of Directors (Board of Directors) authorized a share repurchase program of up to $100 million of the Company's common stock from November 8, 2010 through June 30, 2012 (the 2011 Program). In November 2011, the Board of Directors authorized a $100 million expansion of the 2011 Program, to $200 million, and extended the repurchase authority pursuant to the 2011 Program through June 30, 2013. Repurchases under the 2011 Program may be commenced or suspended from time-to-time without prior notice, and the 2011 Program may be suspended or discontinued at any time. From inception of the 2011 Program through December 31, 2011, we repurchased a total of 7,004,790 shares of common stock under the 2011 Program at an average price of $15.28 per share, including commissions, for a total of $107.0 million. | 139 | 10K |
SwissReAG-AR_1981 | 146 | Events on the foreign exchange markets were character ized by the devaluation of practically all major investment currencies against the Swiss franc, the only exceptions being the US and Canadian dollars, which were able to improve marginally. The drop was particularly pro nounced among leading European currencies, all of which showed two-digit fluctuation rates against the Swiss franc. | 58 | annual_report |
5152 | 1,184 | value of the investment, whether currently expected cash flows are less than those expected at the time the investment was acquired, and our ability and intent to hold the investment until the recovery of its carrying value. | 37 | 10K |
RaiffeisenBankInternationalAG-AR_2014 | 1,105 | Business outlets 4 1 – 3,025 1 Adaption of previous year figures due to different allocation. | 16 | annual_report |
gb_lloyds_banking_grp-AR_2017 | 3,599 | The defined benefit pension schemes’ assets and liabilities are included under Other assets and Other liabilities in this table and note 35 on page 206 provides further information. | 28 | annual_report |
gb_prudential-AR_2005 | 3,887 | Limited that was sold in August 2004 and realised a profit on sale of £7 million before tax. This has been further disclosed in the discontinued operations note (see note F6). | 31 | annual_report |
5108 | 1,819 | In the normal course of investing activities, we actively manage allocations to non-controlling tranches of structured securities (variable interests) issued by VIEs. These structured securities include RMBS, CMBS and ABS and are included in | 34 | 10K |
BaloiseHoldingLtd-AR_2016 | 1,855 | The mortgage portfolio comprises loans to individuals and to legal entities. The type and degree of risk that may be incurred, together with collateralisation and quality requirements, are set out in directives and authorisation levels. To mitigate risk, the portfolio is as geographically diverse as possible. | 46 | annual_report |
4911 | 3,934 | The following table presents long-duration insurance in-force ceded to other insurance companies: | 12 | 10K |
2343 | 570 | T. USE OF ESTIMATES - In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | 72 | 10K |
4146 | 568 | Results for the year ended December 31, 2009 included expense of $45 million related to our pension and postretirement plans, compared with a benefit of $14 million for the year ended December 31, 2008. Based on our current assumptions and investment performance in 2009, our estimated 2010 expense for the CNA Retirement Plan and the CNA Retiree Health and Group Benefits plan is expected to moderate. | 66 | 10K |
4608 | 376 | For the year ended December 31, 2012, Risk Solutions and our Agencies generated revenues of $15.7 million compared to $13.1 million for the year ended December 31, 2011 due to higher revenues generated at HIO and Risk Solutions, and the addition of IHC Specialty Benefits in 2012. | 47 | 10K |
DirectLineInsuranceGroupPLC-AR_2020 | 2,006 | – Our #WeCare campaign celebrated the diversity of our people by sharing stories to build a greater understanding of difference and reinforce a culture where our people can ‘bring all of themselves to work’. | 34 | annual_report |
3278 | 1,658 | Change in unearned premiums for the year ended December 31, 2007 was $60.3 million compared to $170.6 million for the year ended December 31, 2006, a decrease of $110.2 million or 64.6%. | 32 | 10K |
3596 | 1,196 | An amended complaint was filed in Illinois (Independent Trust v. Fidelity National Title Insurance Company of New York, filed on June 26, 2006 in the United States District Court for the Northern District of Illinois, Eastern Division) related to the litigation spawned by the defalcation of Intercounty Title Company of Illinois (“Intercounty”), a Fidelity agent in Chicago, IL. The plaintiff alleges the Company wrongfully used its funds to pay monies owed by the Company to customers of Intercounty. The plaintiff demands compensatory damages (which the plaintiff alleges are believed to be in excess of $20 million), punitive damages and other relief. | 101 | 10K |
ASRNederlandNV-AR_2017 | 889 | As it does every year, a.s.r. updated its recovery plan in 2017. The purpose of the recovery plan is to increase the chances of a successful early intervention in the event of a financial crisis situation and to further guarantee that the interests of policyholders and other stakeholders are protected. The recovery plan ensures that a.s.r. has effective measures in place to deal with potentially severe financial scenarios. The recovery plan enables a.s.r. to improve its chances of successful intervention in such extreme scenarios and ensures that it is better prepared for financial crisis situations. | 95 | annual_report |
5347 | 561 | In each of these areas of strategic growth emphasis, we intend to invest in and expand our technology-based product offerings, update our technology platform, utilize strategic partnerships to expand our product and market reach, and invest in optimizing our brand and our websites. In our individual and family health insurance business, we plan to continue to focus on profitability and cash flow maximization, while further reducing our individual and family plan-related marketing expenses. We anticipate that the significant level of investment required to implement these strategic plans will have a negative impact on our earnings in 2017. | 97 | 10K |
5033 | 1,109 | In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Mercury General Corporation and subsidiaries as of December 31, 2015 and 2014, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2015, in conformity with U.S. generally accepted accounting principles. | 63 | 10K |
4003 | 1,234 | The tables below present the balances of assets and liabilities measured at fair value on a recurring basis at December 31, 2009 and 2008. | 24 | 10K |
4677 | 864 | The Company’s historical experience has shown that estimated premiums from proportional contracts have varied and have been adjusted by up to approximately 7%, although larger variations, both positive and negative, are possible as a result of changes in one or more of the premium assumptions as noted above. A 7% variation in the Company’s proportional premiums receivable, net as of December 31, 2012, after considering the related expected losses and loss expenses, acquisition expenses and taxes, would result in an impact of approximately $0.8 million on the Company’s net income. | 90 | 10K |
5279 | 1,282 | Although the Company has not elected to net its derivative exposures, the notional amounts and fair values of Over-The-Counter ("OTC") and cleared derivatives excluding exchange traded contracts and forward contracts (To Be Announced mortgage-backed securities) are presented in the tables below as of the dates indicated: | 46 | 10K |
2611 | 1,323 | Note 20 -- Information Provided in Connection with Market Value Annuity of John Hancock Variable Life Insurance Company | 18 | 10K |
5104 | 1,489 | Our freestanding derivative financial instruments consist of: (1) foreign currency swaps and credit default swaps that are associated with investments in special-purpose entities, including VIEs where we are the primary beneficiary; (2) foreign currency forwards and options used in hedging foreign exchange risk on U.S. dollar-denominated securities in Aflac Japan's portfolio; (3) foreign currency forwards and options used to hedge foreign exchange risk from our net investment in Aflac Japan and economically hedge certain portions of forecasted cash flows denominated in yen; (4) swaps associated with our notes payable, consisting of cross-currency interest rate swaps, also referred to as foreign currency swaps, associated with certain senior notes and our subordinated debentures; and (5) options on interest rate swaps (or interest rate swaptions) and futures used to hedge interest rate risk for certain available-for-sale securities. We do not use derivative financial instruments for trading purposes, nor do we engage in leveraged derivative transactions. Some of our derivatives are designated as cash flow hedges, fair value hedges or net investment hedges; however, other derivatives do not qualify for hedge accounting or we elect not to designate them as an accounting hedge. We utilize a net investment hedge to mitigate foreign exchange exposure resulting from our net investment in Aflac Japan. In addition to designating derivatives as hedging instruments, we have designated our yen-denominated Samurai and Uridashi notes and yen-denominated loans as non-derivative hedging instruments for this net investment hedge. | 237 | 10K |
SwissLifeHoldingAG-AR_2015 | 939 | G4-PR2 Violation of regulations and codes of conduct concerning products and p. 84 services related health and safety Product and Service Labelling p. 84 | 24 | annual_report |
LloydsBankingGroupPLC-AR_2012 | 1,594 | The Board continues to focus on improving gender diversity. With the appointments of sara Weller and carolyn Fairbairn as non-Executive directors in 2012, the Board has shown demonstrable progress, raising the percentage of female representation on the Board from 8 per cent to 27 per cent, exceeding the 2015 target of 25 per cent recommended by the davies Review. | 59 | annual_report |
2889 | 1,358 | Further information on our pension and postretirement benefit obligations is included in Note 17 of the Notes to Consolidated Financial Statements included under Item 8. | 25 | 10K |
4171 | 1,495 | Favorable or adverse development related to the guaranteed reserves is recorded as a change in unpaid losses and loss expenses in the Consolidated Balance Sheets and as a change in the Reserve Agreement payable or receivable balance to/from Colisée Re, which is included within Other reinsurance balances payable in the Consolidated Balance Sheets. Accordingly, the reconciliation of the beginning and ending liability for unpaid losses and loss expenses for the years ended December 31, 2010 and 2009 includes the change in the Reserve Agreement. As of December 31, 2010 and 2009, the Company’s net liability for unpaid losses and loss expenses includes $1,239 million and $1,500 million, respectively, of guaranteed reserves and Other reinsurance balances payable includes $128 million and $116 million, respectively, payable to Colisée Re related to the Reserve Agreement. | 132 | 10K |
ch_zurich_insurance_group-AR_2010 | 310 | Susan Bies, born 1947, graduated with a BS degree from the State University College at Buffalo, New York, and with a MA degree from Northwestern University, Evanston, Illinois, where she later gained a PhD. She began her career in 1970 as regional and banking structure economist with the Federal Reserve Bank of St. Louis, Missouri, and two years later became assistant professor of economics at Wayne State University, Detroit, Michigan. In 1977, she moved to Rhodes College, Memphis, Tennessee in a similar role, and in 1979 joined First Tennessee National Corporation in Memphis, where she remained until 2001. During the early years, her areas of responsibility included tactical planning and corporate development. In 1984 she became chief financial officer and chairman of the asset/ liability committee. In 1995, she became executive vice president of risk management, and auditor and chairman of the executive risk management committee, as well as continuing her duties with the asset/liability committee. From 2001 until 2007, she was a member of the Board of Governors of the Federal Reserve System. Between 1996 and 2001, Mrs. Bies was a member of the Emerging Issues Task Force of the Financial Accounting Standards Board. From 2007 to 2008 she was a member of the Securities and Exchange Commission’s advisory committee on improving financial reporting, and chairman of its substantive complexity sub-committee. In June 2009, Mrs. Bies became a member of the board of directors of The Bank of America Corporation. | 241 | annual_report |
gb_prudential-AR_2017 | 1,059 | The Board receives periodic updates on cyber risk management throughout the year, which includes assessments against the core objectives under our Group‑wide Cyber Risk Management Strategy and progress updates on the associated Group‑wide Coordinated Cyber Defence Plan. | 37 | annual_report |
ch_zurich_insurance_group-AR_2011 | 557 | Group Executive Committee Remuneration of the Group Executive Committee The total remuneration of the members of the GEC for 2011 comprised the value of cash remuneration (including short-term cash incentive), pensions, other remuneration and the target equity grants made under the Group’s Long-Term Incentive Plan in 2011. | 47 | annual_report |
218 | 233 | - --------------- * The liability for workers' compensation tabular reserves for claims and claim expenses is discounted as discussed herein. Therefore, the liability reestimated for each year includes the effect of the discount and its amortization. | 36 | 10K |
5501 | 2,585 | Historically, we have managed our exposure to sub-prime RMBS holdings by focusing primarily on senior tranche securities, stress testing the portfolio with severe loss assumptions and closely monitoring the performance of the portfolio. Our sub-prime RMBS portfolio consists predominantly of securities that were purchased after 2012 at significant discounts to par value and discounts to the expected principal recovery value of these securities. The vast majority of these securities are investment grade under the NAIC designations (e.g., NAIC 1 and NAIC 2). The estimated fair value of our sub-prime RMBS holdings purchased since 2012 was $976 million and $1.2 billion at December 31, 2017 and 2016, respectively, with unrealized gains (losses) of $65 million and $17 million at December 31, 2017 and 2016, respectively. | 124 | 10K |
5089 | 2,299 | The guarantor structure described above differs from the guarantor structure associated with the senior notes issued by Willis North America (the ‘Willis North America Debt Securities’) (and for which condensed consolidating financial information is presented in Note 28) in that Willis Towers Watson is the Parent Issuer and Willis North America is a subsidiary guarantor. | 55 | 10K |
ScorSE-AR_2020 | 1,004 | 7 Shall not have been a director of the Company for more than twelve (12) years (the loss of independent director status in this regard will occur on the date at which this period of twelve years is reached). | 39 | annual_report |
HiscoxLtd-AR_2005 | 218 | Over the last year, Hiscox UK has increased its marketing spend and tested a variety of new advertising concepts and direct mail programmes. While this activity is helping to increase awareness of the Hiscox brand, its primary purpose is to generate business for the UK operations. | 46 | annual_report |
gb_lloyds_banking_grp-AR_2015 | 1,851 | António Horta-Osório 22,156 – – – 22,156 40.62p 1/6/2016 30/11/2016 1 | 11 | annual_report |
3830 | 776 | In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of income, of shareholder’s equity, of comprehensive income and of cash flows present fairly, in all material respects, the financial position of Crum & Forster Holdings Corp., an indirect wholly-owned subsidiary of Fairfax Financial Holdings Limited, and its subsidiaries at December 31, 2008 and 2007, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2008 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform our audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. Our audit of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. | 216 | 10K |
SwissReAG-AR_1991 | 248 | German mark 89.15 85.50 4.3 + Pound sterling 253.— 246.— 2.8 + French franc 26.10 25.10 4.0 + Belgian franc 4.3250 4.14 4.5 + Dutch guilder 79.10 75.75 4.4 + Italian lira 0.1176 0.1134 3.7 + Spanish peseta 1.3975 1.3350 4.7 + US dollar 135.25 128.50 5.3 + Canadian dollar 117.25 110.50 6.1 + Yen 1.08 0.95 13.7 + Rand 49.25 50.50 2.5- | 63 | annual_report |
LloydsBankingGroupPLC-AR_2007 | 1,332 | • The majority of total compensation is linked to the achievement of stretching performance targets. | 15 | annual_report |
3070 | 356 | At December 31, 2006 and 2005, we had separate accounts assets related to variable annuity and variable life contracts with account values totaling $16.17 billion and $15.24 billion, respectively. Equity risk exists for contract charges based on separate account balances and guarantees for death and/or income benefits provided by our variable products. In 2006, we disposed of substantially all of the variable annuity business through a reinsurance agreement with Prudential as described in Note 3 of the consolidated financial statements, and therefore mitigated this aspect of our risk. Equity risk of our variable life business relates to contract charges and policyholder benefits. Total variable life contract charges for 2006 and 2005 were $86 million and $79 million, respectively. Separate account liabilities related to variable life contracts were $826 million and $721 million in December 31, 2006 and 2005, respectively. | 139 | 10K |
2543 | 410 | The Company, through its insurance subsidiaries, maintains a program in which investments are financed using advances from various Federal Home Loan Banks. The Company has utilized this program to manage the duration of its liabilities and to earn spread income, which is the difference between the financing cost and the earnings from the investments purchased with those funds. At December 31, 2004, the Company had outstanding advances of $85.0 million. The advances were obtained at a fixed rate and have a weighted average term to maturity of 10.3 years. A total of $30.0 million of these advances will mature at various times during 2005. During 2004, $95.0 million of Federal Home Loan Bank advances matured and were repaid and $30.0 million of advances were obtained by the Company. In addition, the Company has from time to time utilized reverse repurchase agreements, futures and option contracts and interest rate and | 149 | 10K |
NatixisSA-AR_2012 | 1,870 | V the acknowledgment of all correspondence from the Autorité de Contrôle Prudentielle (ACP) as well as all correspondence and information from the Autorité des Marchés Financiers (AMF)and the answers to said correspondence from Natixis. | 34 | annual_report |
4646 | 1,031 | Also in December 2011, the FASB issued authoritative guidance that requires a reporting entity to follow the real estate sales guidance when the reporting entity ceases to have a controlling financial interest in a subsidiary that is in-substance real estate as a result of a default on the subsidiary's nonrecourse debt. This guidance will be effective for us on January 1, 2013, and is not expected to have a material impact on our consolidated financial statements. | 76 | 10K |
Sampoplc-AR_2006 | 2,796 | Other liabilities for Banking and investment services (discontinued operations) at 31 Dec. 2006 presented in Liabilities directly associated with non-current assets classified as held for sale, note 37.3. | 28 | annual_report |
fr_axa-AR_2005 | 4,060 | The loss reserve development table indicates movements in loss reserves between 1995 and 2005, based on previously applied accounting standards, in accordance with IFRS 4. All contracts concerned are insurance contracts as defined by IFRS. The first row represents loss reserves recorded in the balance sheet in the year the loss occurred. The first section of the table entitled “Cumulative payments” details the cumulative amount of payments, at the end of each year, in relation to the initial reserve that was booked. The second part of the table entitled “Reserve reestimated ” gives the adjustment to the initial loss experience reserve at the end of each year. The final cost estimate varies as information relating to losses still outstanding becomes more reliable. The initial loss reserve at December 31, 1996 was €5,847 million. This reserve increased by €12,781 million to €18,628 million following the acquisition of UAP in 1997. At the end of 2005, cumulative payments totaled €12,473 million, and the initial loss reserve was re-estimated at €16,188 million at December 31, 2005. The surplus (shortfall) of the initial reserve with respect to the re-estimated gross final cost for each year represents the cumulative change in the initial loss reserve with respect to the reestimated final cost at December 31, 2005. | 211 | annual_report |
fr_axa-AR_2002 | 1,209 | PanEurolife, a life insurance company incorporated in Luxembourg. Nationwide is seeking cancellation of the sale and/or damages after PanEurolife was investigated by the French judicial system for money laundering. | 29 | annual_report |
4471 | 1,921 | The Company has established several senior management committees as part of its capital management process. These committees, including the Capital Management Committee and the Enterprise Risk Committee (comprised of members of senior management, including MetLife, Inc.’s Chief Financial Officer, Treasurer and Chief Risk Officer and, in the case of the Enterprise Risk Committee, MetLife, Inc.’s Chief Investment Officer), regularly review actual and projected capital levels (under a variety of scenarios including stress scenarios) and MetLife’s capital plan in accordance with its capital policy. | 83 | 10K |
nl_ing_grp-AR_2012 | 3,045 | In 2010, ´Change in life insurance provisions´ includes an amount related to variable annuity assumption changes in the United States and Japan of approximately EUR 356 million. These assumptions were updated to reflect lower-than-expected surrenders on policies where the value of the benefit guarantees is significant. | 46 | annual_report |
542 | 217 | - MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION This item is incorporated by reference to Management's Discussion and Analysis of Results of Operations and Financial Condition in the 1996 Annual Report. | 35 | 10K |
2384 | 1,115 | Investigations by regulatory agencies into Select Portfolio Servicing’s activities and private litigation involving Select Portfolio Servicing could harm its business and adversely affect our investment in SPS. | 27 | 10K |
3348 | 487 | Modifications or enhancements made to an existing software product that result in additional functionality are also capitalized. When the new software is placed in production, we begin amortizing the asset over its estimated useful life. Training and maintenance costs are accounted for as expenses as they occur. We periodically review capitalized internal use software to determine if the carrying value is fully recoverable. If there are future cash flows directly related to the software we record an impairment loss when the present value of the future cash flows is less than the carrying value. If software, or components of software, in development are abandoned, the Company takes a charge to write off the capitalized amount in the period the decision is made to abandon it. | 125 | 10K |
4334 | 2,301 | Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the dilutive effect of all stock options and other items outstanding during the period that could potentially result in the issuance of common stock. For the years ended December 31, 2011, 2010 and 2009, there were 3,797,548, 4,526,442, and 7,401,350, respectively, of stock options outstanding that were not included in the diluted earnings per share calculation because they were antidilutive. | 93 | 10K |
4538 | 1,388 | The Merged Company surrendered its surety license. The Merged Company has no surety policy premium in force. | 17 | 10K |
5553 | 1,034 | We review our employee demographic assumptions annually and update the assumptions as necessary. During 2018, we revised the mortality assumptions for the U.S. plans to incorporate the new mortality tables issued by the Society of Actuaries, adjusted to reflect Company-specific experience and future expectations. This resulted in a $1.3 million decrease in the projected benefit obligation for the U.S. plans. | 60 | 10K |
4477 | 903 | The Company considers all highly liquid securities and other investments purchased with an original or remaining maturity of three months or less at the date of purchase to be cash equivalents. Cash equivalents are stated at amortized cost, which approximates estimated fair value. | 43 | 10K |
4606 | 11,726 | The discussion in this 2012 Form 10-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to trends in, or representing management’s beliefs about our future transactions, strategies, operations and financial results and often contain words such as “will,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “is targeting,” “may,” “should” and other similar words or expressions. Forward-looking statements are made based upon management’s current expectations and beliefs concerning trends and future developments and their potential effects on us. They are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others: (A) risks related to the Restatement, failure to file timely periodic reports with the SEC and our internal control over financial reporting, which include (i) the potential failure to remediate material weaknesses in our internal control over financial reporting and other material weaknesses may be identified in the future, which would adversely affect the accuracy and timing of our financial reporting; (ii) the extraordinary processes undertaken to effect the Restatement may not have been adequate to identify and correct all errors in our historical financial statements and, as a result, we may discover additional errors and our financial statements remain subject to the risk of future restatement; (iii) our failure to have current financial information available;(iv) the risk of failure to comply with the filing deadlines included in the SEC’s Cease-and-Desist Order, dated March 21, 2014, including that the SEC may seek sanctions against or deregister PNX and the Company;(v) the risk of PNX’s failure to file its delayed SEC filings by March 16, 2015, the extended deadline for providing these delayed SEC filings to the bond trustee, as well as the risk associated with seeking additional consents from bondholders of its outstanding 7.45% Quarterly Interest Bonds Due 2032 regarding these delayed filings; (vi) the outcome of litigation and claims as well as regulatory examinations, investigations, proceedings and orders arising out of the Restatement and the failure by the Company and PNX to file SEC reports on a timely basis; (vii) further downgrades or withdrawals of our financial strength credit ratings, which could increase policy surrenders and withdrawals, adversely affect our relationships with distributors, reduce new sales, limit our ability to trade in derivatives and increase our costs of, or reduce our access to, future borrowings; (viii) our inability to hedge our positions due to our inability to replace hedges as a result of our credit rating; (ix) the incurrence of significant Restatement-related expenses; (x) diversion of management and other human resources attention from the operation of our business; (xi) the risk that the Company’s and Phoenix Life’s restatements, the delay in our filing of periodic reports with the SEC and errors corrected in subsequent Statutory financial statement filings with state insurance regulators could result in regulatory investigations, examinations and/or inquiries, which may increase compliance costs and the potential for additional regulatory investigations, proceedings or other claims; and (xii) risks associated with our failure to file certain reports with state regulatory authorities; (B) risks related to our business, which include (i) unfavorable general economic developments including, but not limited to, specific related factors such as the performance of the debt and equity markets; (ii) the potential adverse effect of interest rate fluctuations on our business and results of operations; (iii) the potential adverse effect of legal actions and proceedings inherent in our business on our results of operations, financial position, business or reputation; (iv) the impact on our results of operations and financial condition of any required increase in our reserves for future policyholder benefits and claims if such reserves prove to be inadequate; (v) the possibility that mortality rates, persistency rates, funding levels or other factors may differ significantly from our assumptions used in pricing products; (vi) limited access to external sources of liquidity and financing; (vii) the effect of guaranteed benefits within our products; (viii) potential exposure to unidentified or unanticipated risk that could adversely affect our businesses or result in losses; (ix) the consequences related to variations in the amount of our statutory capital could adversely affect our business; (x) the possibility that we may not be successful in our efforts to implement a business plan focused on new market segments; (xi) changes in our investment valuations based on changes in our valuation methodologies, estimations and assumptions; (xii) the availability, pricing and terms of reinsurance coverage generally and the inability or unwillingness of our reinsurers to meet their obligations to us specifically; (xiii) our ability to attract and retain key personnel in a competitive environment and while delayed in our SEC reporting obligations; (xiv) our dependence on third parties to maintain critical business and administrative functions; (xv) the strong competition we face in our business from banks, insurance companies and other financial services firms; (xvi) changes in tax law and policy may affect us directly or indirectly through the cost of, the demand for or profitability of our products or services; (xvii) the possibility that federal and state regulation may increase our cost of doing business, impose additional reserve or capital requirements, levy financial assessments or constrain our operating and financial flexibility; (xvii) regulatory actions or examinations may harm our business; and (xviii) changes in accounting standards; and (C) other risks and uncertainties described herein or in any of our filings with the SEC. Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.phoenixwm.com under “Investor Relations.” You are urged to carefully consider all such factors. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this 2012 Form 10-K, even if such results changes or circumstances make it clear that any forward-looking information will not be realized. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this 2012 Form 10-K, such statements or disclosures will be deemed to modify or supersede such statements in this 2012 Form 10-K. | 1,091 | 10K |
NatixisSA-AR_2008 | 7,297 | The following table shows a reconciliation between the fi nancial statements of the insurance companies and how these fi nancial statements translate into fi nancial statements in the banking format. | 30 | annual_report |
4383 | 2,140 | Unrealized net capital gains totaled $1.97 billion as of December 31, 2011 compared to unrealized net capital gains of $758 million as of December 31, 2010. The improvement since December 31, 2010 was due to declining risk-free interest rates, partially offset by widening credit spreads. The following table presents unrealized net capital gains and losses as of December 31. | 59 | 10K |
AegonNV-AR_2004 | 963 | The gain on the sale of TFC businesses in 2004, which was credited to shareholders’ equity under DAP, will be reflected in the income statement in 2004 under IFRS. | 29 | annual_report |
4082 | 910 | The Company no longer insures new credit derivative contracts except in transactions related to the restructuring or reduction of existing derivative exposure. As a result, premiums earned related to insured credit derivatives will decrease over time as exposure to such transactions declines. Realized losses on insured derivatives for the year ended December 31, 2009 resulted from the settlement of three CDO transactions and payments related to a multi-sector CDO transaction. Realized losses on insured derivatives for the year ended December 31, 2008 resulted from the settlement of all or a portion of four CDO transactions. Settlements in 2009 were $159 million for $1.3 billion of par outstanding compared with settlements in 2008 of $558 million for $2.7 billion of par outstanding. | 121 | 10K |
NatixisSA-AR_2017 | 4,258 | In 2017, goodwill increased by +€202 million, excluding translation losses (-€201 million). | 12 | annual_report |
AvivaPLC-AR_2016 | 7,188 | Aviva Investors Strategic Bond Fund OEIC 34 Aviva Investors UK Cresd GP Limited Ordinary Shares 100 Aviva Investors UK Equity Fund OEIC 26 Aviva Investors UK Equity Income Fund OEIC 56 Aviva Investors UK Equity Mom 1 Fund OEIC 83 Aviva Investors UK Growth Fund OEIC 36 Aviva Investors UK Index Tracking Fund OEIC 72 Aviva Investors UK Lt Red GP Limited Ordinary Shares 100 Aviva Investors UK Opportunities Fund OEIC 99 Aviva Investors UK Real Estate Recovery (General Partner) Limited | 81 | annual_report |
fr_axa-AR_2006 | 5,058 | Value before Impact Impact Value including effect of of derivative of other effect of derivative instruments derivative derivatives instruments subject to instruments hedge accounting | 24 | annual_report |
StorebrandASA-AR_2011 | 781 | The statement below describes how Storebrand complies with the 15 sections of the | 13 | annual_report |
PhoenixGroupHoldingsPLC-AR_2015 | 127 | MANAGEMENT SERVICES COMPANIES Provides our life companies with all required management services | 12 | annual_report |
SwissLifeHoldingAG-AR_2009 | 2,130 | The Group manages interest rate risk by managing the interest rate sensitivity of key rate exposures of its investment portfolio against the interest sensitivity of key rate exposures of liabilities issued. The key rate exposure of the liabilities is determined by projecting the expected cash flows from the contracts using best estimates of mortality, disability, expenses, surrender and exercise of policyholder options. The ALM process defines the strategic asset allocation optimising the net interest rate sensitivity of the investment and liability portfolios. To the extent that this is not practicable, swap contracts and other instruments are used to hedge interest rate risk. In certain markets receiver swaptions are used to hedge the risk of interest rates decreasing below guaranteed interest rates. Payer swaptions are used to hedge the risk of fair value changes of interest-sensitive financial assets. Strategically, a minimum interest rate risk will remain, since a perfect interest rate hedge can either not be achieved or would not be targeted. | 161 | annual_report |
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