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3482 | 1,132 | We have SERPs for our two senior executives: Chairman, Michael Butt, and President and Chief Executive Officer (CEO), John Charman. The SERP requires our Company to make annual payments upon retirement for a period of 20 years for our CEO and 10 years for our Chairman. If either the CEO or Chairman dies, is disabled or a change of control of the Company occurs, the remaining benefits under their respective plan are payable by the Company in a lump sum. At December 31, 2007, the total lump sum contingently payable to our CEO and Chairman was $22 million and $3 million, respectively. During 2007, the plan assets were invested in money market funds and the pension expense was $2 million (2006: $2 million and 2005: $3 million). At December 31, 2007, the SERPs were fully funded. | 136 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002 | 859 | 05 Corporate responsibility Other seats held by Board members Munich Re Group Annual Report 2002 * Own group company within the meaning of Section 18 of the German Stock Companies Act. | 31 | annual_report |
NatixisSA-AR_2015 | 6,284 | Compensation for corporate offi cers is granted as detailed in the standardized tables compliant with AMF recommendations in parts 2.4 of the registration document. | 24 | annual_report |
de_allianz-AR_2014 | 1,175 | Asset Management − Operating profit decreased 17.6 % to € 2,603 MN. − Cost-income ratio at 59.2 %. − Total assets under management grew 1.8 % to € 1,801 BN. − Third-party net outflows of € 226 BN. | 38 | annual_report |
ScorSE-AR_2020 | 1,811 | Pursuant to a decision taken by the Board of Directors on April 28, 2020 following a proposal from the Compensation and Nomination Committee at its April 24, 2020 meeting, in accordance with the authorization granted to the Board of Directors by the Ordinary and Extraordinary Shareholders' Meeting of April 26, 2019, 125,000 performance shares were allocated on April 28, 2020 to the Chairman and Chief Executive Officer and 410,000 performance shares were allocated to other members of the Executive Committee. | 80 | annual_report |
AvivaPLC-AR_2016 | 3,227 | Notes to the consolidated financial statements continued 3 – Subsidiaries This note provides details of the acquisitions and disposals of subsidiaries, joint ventures and associates that the Group has made during the year, together with details of businesses held for sale at the year end and subsequent events. | 48 | annual_report |
2027 | 489 | In assessing the net realizable value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. At December 31, 2002 and 2001, based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize the benefits of these deductible differences with the exception of the capital loss carryforward, for which a reserve has been provided as of December 31, 2002. | 150 | 10K |
5278 | 1,570 | In the normal course of business, the Company seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to other insurance enterprises or reinsurers under excess coverage and coinsurance contracts. In the individual life markets, the Company retains a maximum of $8.0 million of coverage per individual life. Claims in excess of this retention amount are retroceded to retrocessionaires; however, the Company remains fully liable to the ceding company for the entire amount of risk it assumes. In certain limited situations the Company has retained more than $8.0 million per individual policy. The Company enters into agreements with other reinsurers to mitigate the residual risk related to the over-retained policies. Additionally, due to some lower face amount reinsurance coverage provided by the Company in addition to individual life, such as group life, disability and health, under certain circumstances, the Company could potentially incur net claims totaling more than $8.0 million per individual life. | 165 | 10K |
ch_zurich_insurance_group-AR_2010 | 536 | • For each STIP pool, the target funding pool is equal to the sum of the individual target award levels for the participants in the pool. | 26 | annual_report |
de_allianz-AR_2012 | 2,847 | Alida Grundstücksgesellschaft mbH & Co. kg, Hamburg 4/4/2012 39.8 22 12 (34) Allianz-Slovenská poist’ovna a.s., Bratislava 6/1/2012 15.0 144 (49) (95) Allianz Insurance plc, Guildford 9/3/2012 2.0 29 (2) (27) | 30 | annual_report |
SwissReAG-AR_2008 | 713 | In addition to spot liquidity, a sizeable portfolio of other unencumbered assets are held within the SRZ liquidity pool. We target holding total unencumbered assets, including spot liquidity, that would provide sufficient funds if pledged or sold to meet the liquidity requirements stemming from an aggregate extreme loss event corresponding to 99% Tail VaR (see page 73). In addition to the cash and collateral requirements resulting from such a loss, we assume a two-notch ratings downgrade within 90 days and a four-notch downgrade within one year. We also assume that funding from assets is subject to conservative haircuts (discounts); that intra-Group funding is not available if it is subject to regulatory approval; that no new unsecured funding is available; and that funding from new reinsurance business is reduced. The estimated total liquidity sources available over a one-year horizon within the SRZ liquidity pool amounted to CHF 25.6 billion and CHF 37.5 billion as of 31 December 2008 and 2007, respectively. This decrease was mainly due to the significant reduction in assets funded by repurchase agreements, which improved net liquidity, as well as the transfer of the European branches from Swiss Reinsurance Company Ltd to Swiss Re Europe S.A. There is a risk that Swiss Re’s liquidity position could be impaired if the Group were unable to access the capital markets over a one-year time horizon following the occurrence of such an extreme loss event. | 234 | annual_report |
SwissReAG-AR_2015 | 4,357 | Reviewing the relevant documentation on a sample basis, including Swiss Re’s CR-related policies, the management of reporting structures, the documentation and systems used to collect, analyse and aggregate reported CR data and information; ̤ Assessment of the processes and data consolidation Reviewing the appropriateness of the management and reporting processes for CR reporting; and assessing the processing and consolidation of data at Swiss Re’s Group level; and ̤ Review of verified emission reductions Reviewing the retirement of 70 600 tonnes CO2e verified emission reductions (VER) according to the Voluntary Carbon Standard or Gold Standard. | 94 | annual_report |
4526 | 1,023 | Premiums, including estimates of additional premiums resulting from audits of insureds’ records, are generally recognized as written upon inception of the policy. Premiums written are primarily earned on a daily pro rata basis over the terms of the policies to which they relate. Accordingly, unearned premiums represent the portion of premiums written which is applicable to the unexpired portion of the policies in force. Workers’ compensation premiums are determined based upon the payroll of the insured, the applicable premium rates and, where applicable, an experience based modification factor. An audit of the policyholders’ records is conducted after policy expiration to make a final determination of applicable premiums. Audit premium due from or due to a policyholder as a result of an audit is reflected in net premiums earned when billed. In addition, the Company estimates earned but unbilled (“EBUB”) premiums by tracking, by policy, how much additional premium is billed in final audit invoices as a percentage of payroll exposure to estimate the probable additional amount that it has earned, but not yet billed, as of the balance sheet date. The EBUB premium estimate is included in net premiums earned. | 190 | 10K |
StandardLifeAberdeenPLC-AR_2013 | 872 | During the year we have further developed and embedded our ORSA process. This has been built on our ERM framework which provides a good foundation for this in terms of identifying, assessing, controlling and monitoring risks. | 36 | annual_report |
fr_axa-AR_2009 | 8,086 | (27% and 28% respectively at the end of December 2008 and 2007), (iii) 15% were futures and forwards, mainly other than foreign currency products (20% and 17% respectively at the end of 2008 and 2007) and (iv) 10% were credit derivatives (7% and 6% respectively at the end of 2008 and 2007). Credit derivatives are mainly used as an alternative to corporate debt security portfolios, when coupled with government debt instruments, but also as a protection on single corporate names or specifi c portfolios. In 2009, the Group bought €4.4 billion in CDS | 93 | annual_report |
2077 | 358 | One customer of the fleet trucking segment represents approximately $39,359, $28,864 and $23,739 of the Company's consolidated direct and assumed premium written in 2002, 2001 and 2000, respectively. | 28 | 10K |
5896 | 920 | •We evaluated the methods and assumptions used by the Company to estimate the policy liabilities and unpaid claims reserve through the following procedures: | 23 | 10K |
AegonNV-AR_2018 | 5,374 | Transamerica Corporation made a pension plan contribution of EUR 190 million in September 2018 (EUR 89 million in September 2017) that was over and above the minimum required funding levels as set forth by the Internal Revenue Code. | 38 | annual_report |
73 | 218 | (h) Income Taxes-The Corporation and most of its subsidiaries file a consolidated tax return and provide for income taxes payable currently. Deferred income taxes included in the accompanying consolidated financial statements pursuant to generally accepted accounting principles will not necessarily become payable/recoverable in the future. Effective January 1, 1993 the Company adopted Financial Accounting Standard (FAS) No. 109 "Accounting for Income Taxes" that required a change to the asset and liability method of calculating deferred income taxes. The cumulative effect of this change resulted in an increase in net income of $13.3, or $.23 per share ($.22 fully diluted) in 1993. This method calls for the establishment of a deferred tax, calculated at currently effective tax rates, for the cumulative temporary differences between financial statement and tax bases of assets and liabilities. Prior to January 1, 1993 deferred income taxes were established for income and expense items reported in the consolidated financial statements in different periods than for tax purposes. | 160 | 10K |
fr_axa-AR_2018 | 420 | The Board of Directors held at the end of the Shareholders’ Meeting confirmed the renewal of Messrs. Denis Duverne and Thomas Buberl as Chairman of the Board of Directors and Chief Executive Off icer respectively, for the duration of their directorships as members of the Board. | 46 | annual_report |
de_allianz-AR_2004 | 2,348 | Loans and advances to customers include amounts receivable under finance leases at their net investment value totaling ¤1,247 mn (2003: ¤933 mn). The corresponding gross investment value of these leases amounts to ¤1,517 mn (2003: ¤1,030 mn), and the associated unrealized finance income is ¤270 mn (2003: ¤97 mn). The residual values of the entire leas ing portfolio were fully insured as of December 31, 2004 and 2003. Lease payments received during 2004 were recognized as income in the amount of ¤42 mn (2003: ¤80 mn; 2002: ¤141 mn). An allowance for uncollectable lease payments was not recorded at December 31, 2004 | 102 | annual_report |
5186 | 1,526 | The estimated net loss and prior service cost for the defined benefit pension plans and post-retirement plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $3.9 million and $1.7 million, respectively. | 43 | 10K |
fr_axa-AR_2005 | 2,769 | 7 Value of purchased business in force (a) 2,623 3,123 2,993 2,814 8 Deferred acquisition costs and equivalent (b) 15,475 13,008 11,954 10,993 | 23 | annual_report |
3474 | 784 | Under the binomial lattice model, expected volatility is based on a number of factors, including historical volatility, return on equity, price to book value ratios and trends impacting the medical professional liability insurance industry. The Company uses historical data to estimate option exercise and employee termination behavior within the option valuation model. The expected term represents an estimate of the period of time options are expected to remain outstanding based on the past exercise behavior of employees in relation to the Company’s current stock price. The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury security with a remaining term to maturity equal to the contractual term of the option. | 114 | 10K |
5208 | 774 | Net income attributable to Aetna for Health Care decreased $44 million in 2016 compared to 2015, primarily as a result of an increase in restructuring costs and the favorable impact of litigation-related proceeds recorded during 2015, substantially offset by the increase in operating earnings described below and net realized capital gains during 2016 compared with net realized capital losses during 2015. | 61 | 10K |
5933 | 683 | The Company's Extended Warranty subsidiaries fund their obligations primarily through service fee and commission revenue. The Company's Leased Real Estate subsidiary funds its obligations through rental revenue. The Company's insurance subsidiaries fund their obligations primarily through available cash and cash equivalents. | 41 | 10K |
3908 | 1,404 | Other intangible assets include licenses of certain subsidiaries of the Company in various jurisdictions that allow such subsidiaries to write insurance and/or reinsurance business. These intangible assets are carried at or below estimated fair value and consistent with goodwill, are tested on an annual basis for impairment, or more frequently, if circumstances indicate that a possible impairment has occurred. Consistent with goodwill, there are many assumptions and estimates underlying the fair value calculation. Principally, the Company identifies the business entity that the intangible asset is attributed to, and reviews historical and forecasted performance and other underlying factors affecting such analysis, including market conditions, premium rates and loss trends. Other assumptions used could produce a significantly different result which may result in a change in the value of the intangible asset and related amortization charge in the Consolidated Statement of Income. Based on the current expectations of profitability, an impairment charge would only be recognized in the event of a significant decline in the expected profitability of those operations where such intangible assets are applicable. | 174 | 10K |
fr_axa-AR_2008 | 4,224 | This company was proportionately consolidated and is now consolidated by equity method; • The capital increase of AXA Minmetals (€11 million), included in the line “Other”; • The capital reduction of Banque de Marchés et d’Arbitrage (€–6 million). | 38 | annual_report |
5505 | 1,545 | In each of 2016 and 2015, we paid $42 million in connection with a 2012 settlement agreement with Freddie Mac regarding the aggregate loss limit under certain pool insurance policies. The final payment under that settlement agreement was made on December 1, 2016. | 43 | 10K |
gb_prudential-AR_2006 | 1,993 | The Committee’s principal oversight responsibilities cover: • internal control and risk management; • internal audit; • external audit (including auditor independence); and | 22 | annual_report |
5120 | 899 | Certain annuity contracts contain GMWB or GMAB provisions, which guarantee the right to make limited partial withdrawals each contract year regardless of the volatility inherent in the underlying investments or guarantee a minimum accumulation value of consideration received at the beginning of the contract period, after a specified holding period, respectively. The GMAB and non-life contingent GMWB provisions are considered embedded derivatives, which are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value | 87 | 10K |
HelvetiaHoldingAG-AR_2015 | 972 | In 2015, the domestic market once again emerged as the solid foundation of the Group. Helvetia grew profitably and further solidified its position as the strong number three in the market. Business volume grew to a pleasing CHF 4,953.4 million, which corresponds to an increase of 13.4 %. Premiums in the non-life business increased by CHF 605.3 million or 72.9 %. This rise is mainly due to the acquisition of Nationale Suisse, which was for the first time fully consolidated for an entire year in 2015. The volume in the life business remained stable in a persistently difficult interest rate environment. Underlying earnings amounted to CHF 364.9 million, which was CHF 80.8 million or 28.4 % above the previous year’s figure. This, too, reflected the success of the acquisition of Nationale Suisse. Both the life and, in particular, the non-life business contributed to this pleasing result. The improved result in the non-life business was mainly the result of increased volume from the acquisition. The life result improved compared to the previous year owing to a positive development in the risk result, reduced expenses for reserve strengthening and higher investment income. This compensated for the impact of lower interest rates on net savings. Despite integration costs and the charging of acquisition effects (amortisation of intangible assets, additional planned write-downs due to the | 221 | annual_report |
fr_axa-AR_2006 | 569 | – AXA’s principal subsidiaries, whether traded on a public stock market or not, have appointed independent (non-executive) directors to their boards of directors and audit committees, | 26 | annual_report |
3021 | 3,098 | Assets held by VIEs which are currently consolidated because AIG is the primary beneficiary (except for those VIEs where AIG also owns a majority voting interest), approximated $9.1 billion at December 31, 2006. These consolidated assets are reflected in AIG’s consolidated balance sheet as Investments and Financial services assets. | 49 | 10K |
RSAInsuranceGroupPLC-AR_2012 | 3,443 | A COR of less than 100% indicates that we are writing profitable business | 13 | annual_report |
3211 | 906 | In March 2006, media reports questioned whether a number of companies, including UnitedHealth Group, had engaged in backdating stock option grants. Shortly thereafter, the Company was notified that the Securities and Exchange Commission (the “SEC”) had commenced an inquiry into the Company’s historic practices concerning stock option grants. | 48 | 10K |
LloydsBankingGroupPLC-AR_2020 | 6,365 | Save-As-You-Earn schemes Eligible employees may enter into contracts through the Save-As-You-Earn (SAYE) schemes to save up to £500 per month and, at the expiry of a fixed term of three years, have the option to use these savings within six months of the expiry of the fixed term to acquire shares in the Group at a discounted price of no less than 80 per cent (90 per cent for the 2020 plan) of the market price at the start of the invitation. | 82 | annual_report |
3173 | 7,491 | Each of the markets we serve is unique. We believe that a key factor in increasing patient volumes is to provide the range of services that our patients need. Our strategy of developing market-focused regional healthcare systems provides us greater flexibility in improving the quality, convenience and efficiency of healthcare services. As we expand our service offerings and grow patient volumes, we seek to recruit and retain physicians and nurses and to invest resources in capital projects including upgrading our existing facility framework and expanding facilities. Expanding facilities may include constructing new facilities or increasing capacities at existing facilities. By the end of calendar 2006, we expect to have completed construction at two San Antonio hospitals and one Arizona hospital to expand emergency services, surgery and labor and delivery units. We have also begun expansion projects at three other hospitals that we expect to complete during fiscal 2007 and 2008. | 150 | 10K |
1283 | 670 | Loss and LAE as a percentage of net earned premiums increased from 89.8% in 1998 to 94.5% in 1999. The primary reason for such increase related to certain performance and payment bonds written in 1999 for three entertainment events that did not occur which resulted in losses of approximately 38.5 million. Additionally, during 1999 the Company incurred approximately $4 million of storm losses related for Hurricane Floyd. (See Note H of the Consolidated Financial Statements). | 75 | 10K |
ScorSE-AR_2009 | 2,805 | The authorisations granted by the Shareholders’ Meeting of 15 April 2009 are each granted for an eighteen (18) months duration as from the date of the Shareholders’ Meeting, i.e. until 15 October 2010, date on which it will be deemed expired if the Board of Directors did not use it. | 50 | annual_report |
BaloiseHoldingLtd-AR_2016 | 922 | The other members of the Board of Directors have never been entitled to have contributions paid to the pension fund, nor have such contributions been paid to them� | 28 | annual_report |
4568 | 1,236 | Description of Business. Primerica, Inc. (the "Parent Company"), together with its subsidiaries (collectively, "we", "us" or the "Company"), is a leading distributor of financial products to middle income households in the United States and Canada. We assist our clients in meeting their needs for term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. Our primary subsidiaries include the following entities: Primerica Financial Services, Inc. (“PFS”), a general agency and marketing company; Primerica Life Insurance Company ("Primerica Life"), our principal life insurance company; Primerica Financial Services (Canada) Ltd., a holding company for our Canadian operations, which includes Primerica Life Insurance Company of Canada ("Primerica Life Canada"); and PFS Investments Inc. (“PFS Investments”), an investment products company and broker-dealer. Primerica Life, domiciled in Massachusetts, owns National Benefit Life Insurance Company ("NBLIC"), a New York life insurance company. Each of these entities was indirectly wholly owned by Citigroup Inc. (together with its non-Primerica affiliates, "Citigroup") through March 31, 2010. | 170 | 10K |
4396 | 780 | Investments: Certain Financial Accounting Standards Board, or FASB, other-than-temporary impairment, or FASB OTTI, guidance applies to fixed maturity securities and provides guidance on the recognition and presentation of other-than-temporary impairments. In addition, this FASB OTTI guidance requires disclosures related to other-than-temporary impairments. If a fixed maturity security is in an unrealized loss position and we have the intent to sell the fixed maturity security, or it is more likely than not that we will have to sell the fixed maturity security before recovery of its amortized cost basis, the decline in value is deemed to be other-than-temporary and is recorded to other-than-temporary impairment losses recognized in income in our consolidated income statements. For impaired fixed maturity securities that we do not intend to sell or it is more likely than not that we will not have to sell such securities, but we expect that we will not fully recover the amortized cost basis, the credit component of the other-than-temporary impairment is recognized in other-than-temporary impairment losses recognized in income in our consolidated income statements and the non-credit component of the other-than-temporary impairment is recognized in other comprehensive income. Furthermore, unrealized losses entirely caused by non-credit related factors related to fixed maturity securities for which we expect to fully recover the amortized cost basis continue to be recognized in accumulated other comprehensive income. | 222 | 10K |
5581 | 1,053 | Expected term for awards granted to employees -The Company has based its expected term for awards issued to employees on the simplified method, as permitted by the SEC Staff Accounting Bulletin No. 110, Share-Based Payment, as the Company has insufficient historical information regarding its stock options to provide a basis for an estimate; | 53 | 10K |
4196 | 738 | For the year ended December 31, 2009, we recognized an impairment of $1.9 million in the fair value of equity securities in our investment portfolio. The impairment was recognized as a result of the severity and duration of the decline in the market values of these securities primarily due to market conditions. We determined that the remaining unrealized losses on equity securities were not considered to be other-than-temporary due to the financial condition and the near term prospects of the issuers. None of our fixed maturity securities were impaired in 2009. Based on our review of fixed maturity and equity securities, we believe that we have appropriately identified the declines in the fair values of our unrealized losses at December 31, 2010 and 2009. | 124 | 10K |
4191 | 1,587 | Our retirement income business increased $119 million. Our spread-based products increased $88 million primarily from an increase in net investment spreads. Our fee-based products increased $31 million mainly attributable to market growth. | 32 | 10K |
1107 | 479 | Cash from Subsidiaries. Cash generated by the Company's insurance subsidiaries is made available to PennCorp principally through periodic payments of principal and interest on surplus debentures issued by PLAIC, Constitution and Pioneer Security (collectively, the "Surplus Note Companies"). With respect to Constitution and Pioneer Security, the surplus debenture payments are made to non-insurance intermediate holding companies and paid to the Company in the form of dividends and tax sharing payments. The amounts outstanding under the surplus debentures totaled $453.1 million and $358.3 million as of December 31, 1998 and 1997, respectively. The surplus debentures generally require (subject to availability of statutory capital and surplus and in some instances, regulatory approval) principal and interest payments to be made periodically in amounts sufficient to allow PennCorp to meet its cash requirements. | 129 | 10K |
2927 | 546 | Overall operating expenses have increased $42.3 million, or 18.2% for the year ended December 31, 2004, compared to the prior year, primarily resulting from expansion of our operations via acquisitions. Operating expenses as a percentage of total revenue increased to 91.4% for the year ended December 31, 2004 compared to 89.4% for the prior year. | 55 | 10K |
2013 | 3,487 | Accounting changes adopted to conform to the provisions of the NAIC Accounting Practices and Procedures manual, version effective January 1, 2001, are reported as changes in accounting principles in the statutory financial statements. The cumulative effect of changes in accounting principles is reported as an adjustment to unassigned funds (surplus) in the period of the change in accounting principle. The cumulative effect is the difference between the amount of capital and surplus at the beginning of the year and the amount of capital and surplus that would have been reported at that date if the new accounting principles had been applied retroactively for all prior periods. As a result of these changes, the Company reported a change of accounting principle in its statutory financial statements, as an adjustment that increased unassigned funds (surplus), by $25.9 million as of January 1, 2001. This adjustment is due to $25.5 million of net deferred tax assets established as of January 1, 2001, offset by a decrease of $470,000 in the valuation of the Company's obligation for post-retirement benefits other than pensions on an NAIC basis as of January 1, 2001. | 187 | 10K |
PhoenixGroupHoldingsPLC-AR_2018 | 869 | The Joint Operating Forum between SLA plc and Phoenix will develop the partnership in existing areas, and identify areas for future growth and partnership, for the benefit of customers and shareholders of each Group. Through the Client Service and Proposition Agreement Phoenix and SLA plc will actively collaborate across a number of areas, including proposition development and distribution. | 58 | annual_report |
4732 | 1,238 | Our long-term debt, recorded at carrying value in our consolidated balance sheets, was $2,600 million at December 31, 2013 and $2,611 million at December 31, 2012. The fair value of our long-term debt was $2,751 million at December 31, 2013 and $2,923 million at December 31, 2012. The fair value of our long-term debt is determined based on Level 2 inputs, including quoted market prices for the same or similar debt, or if no quoted market prices are available, on the current prices estimated to be available to us for debt with similar terms and remaining maturities. | 97 | 10K |
INGGroepNV-AR_2007 | 3,257 | FINANCIAL INSTRUMENTS Contracts that give rise to both a fi nancial asset for one company and a fi nancial liability or equity instrument for another company. | 26 | annual_report |
5403 | 785 | Rescissions reduced the Company's paid losses by an estimated $13.1, $1.4, and $33.0 for 2017, 2016, and 2015, respectively. | 19 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 3,875 | BG Fiduciaria - Società di Intermediazione Mobiliare S.p.A. 086 EUR 5,200,000 G 8 100.00 Banca Generali S.p.A. 100.00 50.61 | 19 | annual_report |
1523 | 896 | Segment after-tax operating income was $201.7 million in 1999, an increase of $56.0 million, or 38.4%, from $145.7 million in 1998. Spread-based products segment after-tax operating income increased $46.9 million, or 39.9%, primarily due to higher investment spread as a result of an increase in average invested assets backing spread-based products and the receipt of $14.7 million of interest on a defaulted fixed maturity investment. Fee-based products' segment after-tax operating income increased $9.1 million to $37.3 million in 1999 from $28.2 million in 1998 primarily due to an increase in separate account GIC fees and lower operating expenses. | 98 | 10K |
4167 | 2,071 | In the ordinary course of its insurance business, the Company receives claims for insurance arising under policies issued by the Company asserting alleged injuries and damages from asbestos- and environmental-related exposures that are the subject of related coverage litigation, including, among others, the litigation described below. The Company continues to be subject to aggressive asbestos-related litigation. The Company is defending asbestos- and environmental-related litigation vigorously and believes that it has meritorious defenses; however, the outcomes of these disputes are uncertain. In this regard, the Company employs dedicated specialists and aggressive resolution strategies to manage asbestos and environmental loss exposure, including settling litigation under appropriate circumstances. | 105 | 10K |
4838 | 1,072 | In addition, for debt securities which we do not intend to sell and it is not more likely than not we will be required to sell, but our intent changes due to changes or events that could not have been reasonably anticipated, an other than temporary impairment charge is recognized. Once an impairment charge has been recorded, we then continue to review the other than temporarily impaired securities for appropriate valuation on an ongoing basis. Unrealized losses may be recognized in future periods through a charge to earnings, should we later conclude that the decline in fair value below amortized cost is other than temporary pursuant to our accounting policy described above. The use of different methodologies and assumptions to determine the fair value of investments and the timing and amount of impairments may have a material effect on the amounts presented in our audited consolidated financial statements. | 148 | 10K |
152 | 153 | "Long Term Debt") and to replenish working capital used to pay for certain of the acquisitions (see Note 5 - "Acquisitions"). | 21 | 10K |
NatixisSA-AR_2020 | 921 | Vice-Chairman (from 19/10/2012 V to 15/10/2016), Chairman of the Compensation Committee (from 28/09/2012 to 15/10/2016), Member of the Audit Committee and the Risk Committee (from 05/05/2011 to 2016) of Banque Populaire du Nord; Chairman of the Norlink Ports V association (from 25/01/2017). (until December 2019)O | 45 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013 | 1,590 | Assets acquired 49 Intangible assets 9 Investments 38 Receivables1 – Cash at bank, cheques and cash in hand – Deferred tax assets 2 Other assets – | 26 | annual_report |
StandardLifeAberdeenPLC-AR_2017 | 1,815 | Aggregate performance data of mandates and funds against the relevant client-specific benchmarks, calculating the average, weighted by AUM. Blend of three-year and five-year performance, in equal proportions. | 28 | annual_report |
5111 | 958 | Amount represents credit-related losses for mortgage loans, other investments, real estate and fixed maturities written down to fair value through income. | 21 | 10K |
StandardLifeAberdeenPLC-AR_2017 | 259 | We continue to develop our UK-wide financial planning business, 1825, to meet the growing demand for financial advice. | 18 | annual_report |
StorebrandASA-AR_2020 | 2,185 | the asset as tangible fixed assets and the lease liability as other debt. The recognised asset is amortised over the lease period and the depreciation expense is recognised as an operating expense on an ongoing basis. The interest expense on the lease liability is recognised as a financial expense. Leases with a duration of less than 12 months and leases that include assets valued at less than approximately NOK 50,000 will not be recognised in the balance sheet, but rental amounts will be recognised as an operating expense over the lease period. | 92 | annual_report |
5140 | 913 | Claims expenses include claims incurred, the cost of personnel administering the claims and providing member service relating to the claims and other operating expenses directly or indirectly related to claims administration. Claims incurred are the claims approved for payment plus an accrual for claims incurred that have not yet been submitted or approved for payment. This accrual is based on our historical experience and developments in claims frequency and severity and the cost of veterinary care, and also includes the cost of administering such claims. | 85 | 10K |
5146 | 1,038 | The separate accounts are legally segregated and are not subject to the claims that arise out of any of our other business. The client, rather than us, directs the investments and bears the investment risk of these funds. The separate account assets represent the fair value of funds that are separately administered by us for contracts with equity, real estate and fixed income investments and are presented as a summary total within the consolidated statements of financial position. An equivalent amount is reported as separate account liabilities, which represent the obligation to return the monies to the client. We receive fees for mortality, withdrawal and expense risks, as well as administrative, maintenance and investment advisory services that are included in the consolidated statement of operations. Net deposits, net investment income and realized and unrealized capital gains and losses of the separate accounts are not reflected in the consolidated statements of operations. | 151 | 10K |
5659 | 1,000 | In September 2018, the Company acquired a non-controlling equity interest in a joint venture, whereby it has committed to licensing certain intellectual property and contributing up to $2.2 million AUD upon the achievement of specific operational milestones over a period of at least four years from the agreement execution date. As of December 31, 2019, the Company has contributed $0.5 million AUD. This equity investment is accounted for using the equity method and is classified in other long-term assets on the Company's consolidated balance sheet. The Company's share of income and losses from this equity method investment is included in gain (loss) from investment in joint venture on its consolidated statement of operations. Also included in this line item are income and expenses associated with administrative services provided to the joint venture. | 132 | 10K |
AvivaPLC-AR_2009 | 1,785 | Andrew Moss Aviva Long Term Incentive Plan — 2006 87,804 — 49,433 38,371 0 814.0 202.5 Mar-09 — 2007 136,540 — — — 136,540 778.5 Mar-10 — 2008 253,289 — — — 253,289 617.5 Mar-11 — 2009 — 632,324 — — 632,324 245.0 Mar-12 | 44 | annual_report |
AvivaPLC-AR_2009 | 3,010 | The shadow adjustments relate to deferred acquisition costs on business in the United States backed by investments classified as available for sale. As explained in accounting policy K, unrealised gains and losses on the AFS investments and the shadow adjustments above are both recognised directly in other comprehensive income. | 49 | annual_report |
NatixisSA-AR_2005 | 1,397 | However, the private placement of a number of EMTN issues ensured that the majority of requirements of more than one year were covered. | 23 | annual_report |
3866 | 1,040 | Another significant estimate relates to our accrual for property casualty contingent (profit-sharing) commissions. We base the contingent commission accrual estimates on property casualty underwriting results and on supplemental information. Contingent commissions are paid to agencies using a formula that takes into account agency profitability, premium volume and other factors, such as prompt monthly payment of amounts due to the company. Due to the complexity of the calculation and the variety of factors that can affect contingent commissions for an individual agency, the amount accrued can differ from the actual contingent commissions paid. The contingent commission accrual of $75 million in 2008 contributed 2.5 percentage points to the property casualty combined ratio. If contingent commissions paid were to vary from that amount by 5 percent, it would affect 2009 net income by $2 million (after tax), or 1 cent per share, and the combined ratio by approximately 0.1 percentage points. | 149 | 10K |
4126 | 970 | The amounts of debt obligations, other than commercial paper, that becomes due in 2010, 2011 and 2012 are $273 million, $11 million and $250 million, respectively. | 26 | 10K |
NatwestGroupPLC-AR_2008 | 149 | Wealth management remains a strong growth opportunity and the business plans to pursue a more consolidated approach to the market through more co-ordination across the multiple brands with which it currently faces the market, whilst investing in additional Relationship Managers and platform functionality. | 43 | annual_report |
5021 | 1,671 | Beginning in the first quarter of 2014, the Company combined the results of its run-off reinsurance business with other immaterial operating segments in Other Operations. Prior year segment information has been conformed to the current presentation. | 36 | 10K |
RSAInsuranceGroupPLC-AR_2007 | 1,296 | Reinsurers’ share of provision for unearned premiums at 31 December 215 189 | 12 | annual_report |
AssicurazioniGeneraliSpA-AR_2014 | 2,025 | Three widely used valuation techniques are: — market approach: uses prices and other relevant information generated by market transactions involving identical or comparable (i.e. similar) assets, liabilities or a group of assets and liabilities; — cost approach: reflects the amount that would be required currently to replace the service capacity of an asset; end | 54 | annual_report |
TrygAS-AR_2010 | 465 | Key ratios Gross claims ratio 69.0 74.1 88.4 Business ceded as percentage of gross premiums 2.0 2.6 -0.9 Claims ratio, net of ceded business 71.0 76.7 87.5 Gross expense ratio 22.2 24.5 24.1 | 33 | annual_report |
452 | 585 | . Consolidated Statements of Cash Flows for the year ended December 31, 1994, of Terra Nova and for the years ended December 31, 1996 and 1995 of the Company. 52 | 30 | 10K |
4495 | 753 | A summary of PSP activity for the years ended December 31, 2011, 2010 and 2009 is as follows: | 18 | 10K |
gb_prudential-AR_2014 | 3,817 | Other comprehensive income: Direct effect on carrying value of debt securities | 11 | annual_report |
fr_axa-AR_2015 | 163 | Brazil; (iv) Commercial International Life, the Life & Savings jointventure between Commercial International Bank (“CIB”) and | 16 | annual_report |
AvivaPLC-AR_2020 | 2,108 | Total emoluments of NEDs 1,318 1,019 53 110 1,371 1,129 104 104 1,475 1,233 1 Benefits include the gross taxable value of expenses relating to accommodation, travel and other expenses incurred on Company business in accordance with our expense policy and may vary year-on-year dependent on the time required to be spent in the UK. 2 George Culmer was appointed as Chair on 27 May 2020 after being on the Board since 25 September 2019. 3 Mohit and Jim were appointed to the Board 1 December 2020. 4 Sir Adrian retired from the Board on 31 May 2020. 5 Amanda retired from the Board as a NED on 5 July 2020. Amanda was subsequently appointed as Group CEO on 6 July 2020. | 122 | annual_report |
de_allianz-AR_2003 | 943 | _ The operating loss in the banking business was reduced by 1.6 billion euros to 357 million euros. | 18 | annual_report |
2268 | 5,062 | Although we expect the initiatives above to increase our patient volumes and revenues, the following risk factors could offset those increases: | 21 | 10K |
PosteItalianeSpA-AR_2018 | 1,012 | The flexibility offered by the “Joint delivery” model also played a role in the conclusion of an agreement with Amazon in June, covering the delivery of products throughout Italy. Thanks to this partnership, which will have a duration of three years, renewable for a further two, the Group will help to drive the development of e-commerce in Italy. | 58 | annual_report |
AdmiralGroupPLC-AR_2009 | 774 | BHBi Consultancy Limited carried out an external assessment of the Group’s Internal Audit function in November 2009. The purpose of the assessment was to assess Internal Audits conformity with the standards set by The Institute of internal Auditors; evaluate Internal Audit’s effectiveness in carrying out its defi ned duties and responsibilities; and identify opportunities to enhance its management and work processes. The assessment concluded that the Internal Audit function operates effectively and recommended some process improvements in relation to updating its Charter to recognise the IIA Standards & Code of Ethics, as well as proposing undertaking a benchmarking process to review current resource against peer organisations. | 106 | annual_report |
SwissReAG-AR_2010 | 2,179 | Long-term Incentive plan The Group annually grants a Long-term Incentive plan (LTI) to selected employees with a three-year vesting period. The requisite service period as well as the maximum contractual term for each plan is three years and the final payment, if any, occurs at the end of this performance measurement period. The plan includes a payout factor which is derived from Return on Equity (ROE) and Earnings per Share (EPS) targets over the vesting period. The payout ratio can vary between 0 and 2 and the final payment for each plan will depend on whether the performance targets have been achieved over the plan period. Each of the plan grants that were outstanding during 2010 are described below. | 119 | annual_report |
3655 | 761 | Pre-tax underwriting results in 2007 included $519 million in underwriting gains from property business, partially offset by $44 million in underwriting losses from casualty/workers’ compensation business. The property business produced underwriting gains of $90 million for the 2007 accident year and $429 million from favorable run-off of prior years’ losses. The pre-tax underwriting losses from casualty business in 2007 included $120 million of loss reserve discount accretion and deferred charge amortization, as well as legal costs associated with the finite reinsurance investigations. These charges were largely offset by underwriting gains in other casualty business. | 94 | 10K |
5606 | 1,316 | In addition to the amounts invested in separate account investment options above, $3.4 billion at December 31, 2018 and $3.1 billion at December 31, 2017 of account balances of variable annuity contracts with guarantees, inclusive of contracts with MVA features, were invested in general account investment options. For the years ended December 31, 2018, 2017 and 2016 there were no transfers of assets, other than cash, from the general account to any separate account, and accordingly no gains or losses recorded. | 81 | 10K |
fr_axa-AR_2003 | 841 | Sumerian traders (3 100 BC to 1 BC), who assumed the risk of their caravan trade, invented the first insurance pool. | 21 | annual_report |
4472 | 552 | Certain reclassifications have been made in the previously reported financial statements and accompanying notes to make the prior period amounts comparable to those of the current period. Such reclassifications had no effect on previously reported net income or shareowner’s equity. | 40 | 10K |
4289 | 1,225 | Integrated Policy Administration System - Hosting, License and Services Agreement - Upon adjudication of bankruptcy of Majestic Insurance, the policy administration system host, license and service provider (PAS Service Provider) may declare the hosting, license and service agreements terminated upon written notice to Majestic Insurance. At such time: (1) amounts equal to the present value of all remaining payments under the hosting agreement, which expires October 2011, are immediately due and payable; and (2) unpaid fees under the licenses and service agreement, which expires April 2013, become immediately due and payable. Furthermore, upon termination of the license agreement by the PAS Service Provider, the license and all rights in and to the license agreement shall automatically revert back to the PAS Service Provider. Future remaining aggregate payments due under the integrated policy administration system hosting, license and service agreements are approximately $0.3 million at December 31, 2010. | 147 | 10K |
INGGroepNV-AR_2014 | 6,063 | and recommendations intended to produce significant changes in how financial companies, particularly companies that are members of large and complex financial groups, should be regulated. These proposals address such issues as financial group supervision, capital and solvency standards, systemic economic risk, corporate governance, including executive compensation, and a host of related issues associated with responses to the financial crisis. One of the proposals is a common international standard on Total Loss-Absorbing Capacity (‘TLAC’) for global systemically important banks (‘G-SIBs’). The policy proposal consists of a set of principles and a detailed term sheet on the adequacy of loss-absorbing and recapitalisation capacity of G-SIBs. This proposal will be finalised in 2015 taking into account a consultation and impact assessment studies. It is currently expected that the TLAC will not apply until 1 January 2019. The lawmakers and regulatory authorities in a number of jurisdictions in which the Group’s subsidiaries conduct business have already begun introducing legislative and regulatory changes consistent with G20 and FSB recommendations, and the potential impact of such changes on our business, results of operations and financial condition remains unclear. | 182 | annual_report |
SwissReAG-AR_2019 | 860 | Swiss Re’s central Financial Risk Management team oversees all activities that generate financial market or credit risk. Its mandate covers internally and externally managed assets, strategic participations, treasury activities, and credit and market risks that derive from Swiss Re’s underwriting and retrocession activities, including structured transactions, credit insurance and surety business. The Head Financial Risk Management reports to the Group CRO, with a secondary reporting line to the Group Chief Investment Officer. | 72 | annual_report |
SwissLifeHoldingAG-AR_2015 | 1,206 | Other operating variances include effects from a revised surplus sharing approach and the handling of bond realisations. | 17 | annual_report |
2889 | 2,097 | Supplementary cash flow information - Cash payments made for interest on long-term debt, including capitalized interest and commitment fees, amounted to approximately $405.2 million, $295.7 million and $289.9 million for the years ended December 31, 2005, 2004 and 2003, respectively. Cash payments (refunds) for federal, foreign, state and local income taxes amounted to approximately $504.2 million, $(73.7) million and $(113.3) million for the years ended December 31, 2005, 2004 and 2003, respectively. | 72 | 10K |
2573 | 718 | We have discussed the application of these critical accounting policies with our Board of Directors and Audit Committee. In 2004, we initially adopted the following accounting standards: | 27 | 10K |
NatwestGroupPLC-AR_2013 | 4,941 | Debt securities in issue and subordinated liabilities Fair values are determined using quoted prices where available or by reference to valuation techniques, adjusting for own credit spreads where appropriate. | 29 | annual_report |
SwissReAG-AR_2014 | 4,061 | Climate change has been a strategic priority for Swiss Re for more than 20 years. It is a key topic for a re/insurer, because it is likely to cause more extreme and more frequent weather events, resulting in rising damages and insurance losses. Our strategy to tackle climate change rests on four pillars, one of which is the pledge to reduce our own CO2 emissions (see page 11). | 68 | annual_report |
4658 | 803 | Service and administrative fees for the three months ended March 31, 2012 increased $1.3 million, or 6.2%, to $22.5 million from $21.2 million for the same period in 2011. The increase resulted primarily from an increase of $1.0 million in Motor Clubs fees, a $0.6 million increase in our BPO segment revenues, including the benefit of a $0.9 million increase in administrative fees from our 2011 acquisition of PBG offset by decreased revenue in Consecta of $0.3 million. In addition, we had a $0.1 million increase in administrative fees in our Payment Protection segment. These increases were partially offset by a $0.5 million lower debt collection and collateral recovery fees. | 110 | 10K |
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