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4888
1,403
then available. Therefore, the Company has established repurchase agreement programs for certain of its insurance subsidiaries to provide liquidity when needed. The Company expects that the rate received on its investments will equal or exceed its borrowing rate. Under this program, the Company may, from time to time, ...
278
10K
NatwestGroupPLC-AR_2011
333
We set risk appetite at Group level. It expresses the maximum level of risk that we will accept as we deliver our business objectives. We cascade this to each of our divisions through two channels. Each division: • has its own risk appetite statement, based on its own business plans but also aligned with those of the G...
59
annual_report
de_allianz-AR_2009
2,090
Due to the offsetting effects of mortality risk and longevity risk inherent in the combined portfolios of life insurance and annuity products, as well as due to a geographically diverse portfolio, our Life/Health segment does not have significant concentrations of biometric risk as of December 31, 2009.2)
47
annual_report
4682
1,103
In our opinion, the consolidated financial statements listed in the index appearing under Item 15(a)(1) present fairly, in all material respects, the financial position of The Hanover Insurance Group, Inc. and its subsidiaries at December 31, 2012 and 2011, and the results of their operations and their cash flows for e...
400
10K
RSAInsuranceGroupPLC-AR_2015
1,182
10. Richard Houghton resigned from the Board effective 7 May 2015 and his employment ended effective 10 July 2015. The salary shown in the table is the pro-rated amount for the time he was a director, i.e. 1 January – 7 May 2015. Pay in lieu of notice is not included in this table, and is covered on page 77.
60
annual_report
5958
5,449
IBNR reserves plus expected development on reported claims Cumulative number of reported claims
13
10K
fr_axa-AR_2009
5,285
In line with this charter, each AXA Group company is required to maintain procedures based on Group standards and principles, in addition to those required by applicable local regulations, and to appoint an anti-money laundering offi cer. The “know your customer” principle is crucial in this respect, and is fundamental...
73
annual_report
5493
2,764
During each of the years ended December 31, 2017, 2016 and 2015, MetLife, Inc. paid $1.7 billion of dividends on its common stock. During the years ended December 31, 2017, 2016 and 2015, MetLife, Inc. paid dividends on its preferred stock of $103 million, $103 million, and $116 million, respectively. See Note 15 of th...
72
10K
4825
1,179
The Company uses the asset and liability method of accounting for income taxes. In general, income tax provisions are based on the income reported for financial statement purposes. Deferred income taxes arise from the recognition of temporary differences between the basis of assets and liabilities determined for financ...
60
10K
PosteItalianeSpA-AR_2020
3,953
Mainframe services (open services being processed) covered by disaster recovery plans (%) 100 100 100 * The figures refer to Poste Italiane SpA, PostePay SpA and BancoPosta Fondi SpA SGR. ** Drills involved all the applications hosted by Poste Italiane’s central mainframe system, in addition to applications hosted in O...
78
annual_report
ch_zurich_insurance_group-AR_2014
533
Areas of responsibility of the Board and management The Board determines the overall strategy of the Group, supervises senior management and addresses key matters in the area of strategy, finance, structure and organization and business development. In particular, the Board approves the Group’s strategic plan and the a...
88
annual_report
AvivaPLC-AR_2016
6,154
Insurance participating (50) 30 (10) (130) 65 (30) (5) (15) Insurance non-participating (190) 20 (775) (35) 10 (190) (90) (920) Investment participating (10) 5 (5) — — (5) — — Investment non-participating 10 (15) — 50 (70) (65) — — Assets backing life shareholders’ funds (115) 190 10 (85) 85 — — —
53
annual_report
SwissLifeHoldingAG-AR_2006
19
– Growth momentum sustained in international markets with premiums up 16%
11
annual_report
gb_prudential-AR_2011
4,485
The total minimum future sublease rentals to be received on non-cancellable operating leases for land and buildings for the year ended 31 December 2011 were £nil (2010: £nil). Minimum lease rental payments for the year ended 31 December 2011 of £74 million (2010: £92 million) are included in the consolidated income sta...
52
annual_report
4561
799
The Health and Well-Being Services segment operating cost ratio improved 60 basis points from 2011 to 95.5% for 2012 reflecting scale efficiencies associated with growth in our pharmacy solutions business, including higher script volumes in our mail-order pharmacy business.
39
10K
NatixisSA-AR_2010
3,782
Loans and receivables 22,410 9,764 6.6.4 FINANCIAL ASSETS RECEIVED AS SECURITY AND ABLE TO BE SOLD OR REUSED AS SECURITY
20
annual_report
StorebrandASA-AR_2006
543
Total risk capital of the life insurance company increased by NOK 3.2 billion in 2006. Additional statutory reserves increased by NOK 1 billion and the market value adjustment reserve increased by NOK 2 billion.
34
annual_report
5136
748
Amortization of deferred acquisition costs in 2015 was $1.16 billion, $10 million or 1% lower than in 2014. Amortization of deferred acquisition costs in 2014 was $1.17 billion, $112 million or 9% lower than in 2013. The decrease in 2014 primarily reflected a decline in commission expense due to lower commission rates,...
63
10K
AegonNV-AR_2015
1,911
At the Supervisory Board meeting in December, the budget for 2016 was approved and the Medium Term Plans were discussed.
20
annual_report
PosteItalianeSpA-AR_2015
6,217
Poste Italiane SpA’s incorporation, liabilities deriving from the provision of delegated services for social security agencies, fraud, violations of administrative regulations, compensation and adjustments to income for previous years, risks linked to disputes with customers regarding instruments and investment product...
81
annual_report
ScorSE-AR_2011
1,050
Reinsurance Ireland and SCOR International Reinsurance Ireland Ltd. in Ireland, and subsidiaries in Europe, Australia and South Africa.
18
annual_report
2847
5,998
Other operating expenses decreased $35.9 million, or 15%, in 2005 compared to 2004, due primarily to a decrease of $28.7 million in employment expenses. The decrease in employment expenses was due primarily to a decrease in incentive compensation expense, which was primarily driven by lower investment product fee reven...
108
10K
PowszechnyZakladUbezpieczenSA-AR_2017
3,104
Office. In 2015-2017, she served as Head of the Chancellery of the President of the Republic of
17
annual_report
2764
1,198
Fund American’s Senior Notes are currently rated “Baa2” (Moderate Risk, the ninth highest of twenty-one ratings) with a stable outlook by Moody’s, “BBB” (Adequate, the ninth highest of twenty-two ratings) with a stable outlook by Standard & Poor’s, “bbb” (Adequate, the ninth highest of twenty-two ratings) with a stable...
149
10K
NatwestGroupPLC-AR_2008
2,676
(2) Includes non asset-backed securities issued by US federal agencies and government sponsored entities.
14
annual_report
gb_prudential-AR_2006
2,295
This Group PSP delivers shares subject to performance over a three-year period. The performance measure for the award is Prudential’s Total Shareholder Return (TSR) performance compared to an index comprised of peer companies. The vesting schedule is set out in the following table and graph.
45
annual_report
275
196
Throughout 1994, UNUM's individual disability business experienced a higher incidence of new claims and a disproportionate number of large claims, which management attributed to certain geographic and occupational segments of the business, particularly physicians. During the third quarter of 1994, management concluded ...
143
10K
5302
893
Title premium and fee revenues stemming from the Company's direct operations (which include branch offices of its title insurers and wholly owned agency subsidiaries) represent 28% of 2016, 27% of 2015 and 27% of 2014 consolidated title business revenues. Such premiums are generally recognized as income at the escrow c...
120
10K
GjensidigeForsikringASA-AR_2020
804
He came from the position Head of Commercial. Gottschalk joined Gjensidige in 2011 with responsibility for strategy and M&A. He was previously executive director in the Investment Banking Division of Goldman Sachs International, and has held various positions with J.P. Morgan in London.
43
annual_report
4072
666
The Offering may be deemed to have constituted a change in control of TRH under a portion of TRH's non-AIG Group reinsurance agreements. Whether a ceding company would have cancellation
30
10K
SwissReAG-AR_1931
12
The favourable figures of the Fire Insurance department are worthy of special mention. The conspicuous ratio of reduction in premium income is mainly attributable to currency depreciation, to the effects of which the accounts of this department are par­ ticularly exposed, and is only in a small degree the consequence o...
191
annual_report
PhoenixGroupHoldingsPLC-AR_2011
2,323
Directors’ responsibilities for the Phoenix Group MCEV supplementary information The Directors are responsible for the preparation of this Phoenix Group MCEV supplementary information in accordance with the basis of preparation set out on pages 179 to 181 and for such internal control as the Directors determine is nece...
67
annual_report
757
914
COLUMN G COLUMN H COLUMN I COLUMN J COLUMN K CLAIMS AND CLAIM ADJUSTMENT EXPENSES AMORTIZATION PAID INCURRED RELATED TO OF DEFERRED CLAIMS NET POLICY AND CLAIM INVESTMENT CURRENT PRIOR ACQUISITION ADJUSTMENT PREMIUM INCOME YEARS YEARS COST EXPENSE WRITTEN
39
10K
HannoverRueckSE-AR_2018
2,450
Fixed-income securities – available for sale 24,689,122 23,662,710 8,531,051 7,617,113 19,512 2,085 33,239,685 31,281,908
14
annual_report
3588
833
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated statements of financial position of Principal Financial Group, Inc. as of December 31, 2007 and 2006, and the related consolidated statements of operations, stockholders' equity and ...
73
10K
NatwestGroupPLC-AR_2017
1,230
Strong financial performance with all of the pre-grant objectives met for 2017.
12
annual_report
AegonNV-AR_2009
1,295
AEGON’s Supervisory Board in 1997. He was due to retire in April 2009, but his term of office was extended for a further year, following approval from the General Meeting of Shareholders in 2009. Mr. Eustace is also a member of the European Advisory Council for Rothschild’s and sits on the Council of the University of ...
61
annual_report
4438
1,395
(2)Includes $111.8 million of fixed maturity investments reclassified to assets held for sale in the consolidated balance sheet as part of the AutoOne Transaction.
24
10K
de_allianz-AR_2009
2,534
Reclassification within Alternative Investment Management The activities of the asset managers of Allianz Group’s alternative investments are presented as part of the reportable segment Alternative Investments within the business segment Corporate and Other. The accounting logic for the Alternative Investments follows ...
99
annual_report
4945
790
lower volume of insurance, as a decrease of $6.4 million from life insurance products offered by KHSC was partially offset by an increase of $5.7 million from life insurance products offered by Reserve National. Earned premiums on accident and health insurance decreased by $3.8 million in 2013, compared to 2012, due pr...
238
10K
4070
849
The Bancinsurance Corporation 2002 Stock Incentive Plan, as amended (the “2002 Plan”), provides for certain equity-based awards, including grants of stock options and restricted stock, covering up to an aggregate of 950,000 common shares. Key employees,
36
10K
HelvetiaHoldingAG-AR_2014
2,662
9.6.1 Analysis of past due financial assets without impairment 9.6.2 Change in the allowance accounts for receivables
17
annual_report
LloydsBankingGroupPLC-AR_2010
8,511
Credit enhancement facilities are used to enhance the creditworthiness of financial obligations and cover losses due to asset default. Two general types of credit enhancement are third-party loan guarantees (such as guaranteed mortgages) and self-enhancement through overcollateralisation (in the case of covered bonds)....
65
annual_report
AegonNV-AR_2019
8,325
Premium revenue 1 Comparative figures have been reclassified. The intercompany eliminations have been removed from the individual reporting units and included in a separate line as ‘Eliminations’. This reclassification is not considered material as there is no effect on consolidated group figures.
42
annual_report
5368
1,773
We previously had a repurchase program in which we sold an investment security at a specified price and agreed to repurchase that security at another specified price at a later date. As of December 31, 2016, the fair value of securities pledged under the repurchase program was $79 million and the repurchase obligation ...
83
10K
5538
2,516
The carrying value and estimated fair value of other selected assets and liabilities not carried at fair value in our consolidated balance sheets were as follows as of the dates indicated:
31
10K
PowszechnyZakladUbezpieczenSA-AR_2018
428
Non-life insurance market - gross written premium vs. technical result (in PLN million).
13
annual_report
826
208
Description of Major Products NSIC is licensed in the states of Alabama, Georgia, Mississippi, Texas and Florida and was organized in 1947 to provide life and burial insurance policies to the home service market. Premiums sold and serviced by company agents primarily include industrial life, larger ordinary life, accid...
109
10K
de_allianz-AR_2008
3,607
Term deposits and certificates of deposit 1,296 3,035 4,331 64,129 72,938 137,067
12
annual_report
5087
1,187
Changes in housing values (declines in housing values generally make it more difficult for borrowers to sell a home to avoid default or for the property to be sold to mitigate any claim, and also may negatively affect a borrower’s willingness to continue to make mortgage payments when the home value is less than the mo...
57
10K
210
406
The Parent has guaranteed that its life insurance subsidiaries will receive the statutory carrying value of certain invested assets, primarily bonds and real estate, aggregating $176.5 million.
27
10K
ASRNederlandNV-AR_2016
1,109
Product development for new business opportunities a.s.r. intends to continue providing its customers with optimal services and high-quality products. The company expects to achieve this by reducing the complexity of products and by keeping product offerings up to date through the introduction and development of new pr...
121
annual_report
AegonNV-AR_2005
2,462
FAIR VALUE MOVEMENTS ON FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
13
annual_report
5464
675
an increase of $63.3 million from the favorable impact from the DAC amortization offset.
14
10K
SwissLifeHoldingAG-AR_2019
1,141
– The agreement concerning recording of working hours, which entered into force on 1 April 2016, was formally confirmed at the annual review and will be continued.
27
annual_report
PosteItalianeSpA-AR_2020
10,565
The Self-Assessment process provides a very positive overall picture of the Board in terms of adequacy of composition, independence, functioning, exercise of powers, internal climate, role of the Chair of the Board, minutes, support of the competent secretariat. In addition, a fully positive assessment has emerged rega...
68
annual_report
AegonNV-AR_2006
4,157
In September 2006 AEGON The Netherlands acquired the remaining 55% of the Unirobe shares. The distribution activities of the Dutch operations are placed under the Unirobe Meeùs Group. No operations have been disposed off as a result of the combination. The cost of acquiring the remaining 55% of the shares was EUR 59 mi...
124
annual_report
4599
3,497
Financial support for certain securitization entities was provided under credit support agreements that remain in place throughout the life of the related entities. Assets with credit support were funded by demand notes that were further enhanced with support provided by a third party. We provided limited recourse for ...
142
10K
StorebrandASA-AR_2005
586
RISK amounts for shares in Storebrand ASA: As at RISK amount NOK As at RISK amount NOK
17
annual_report
gb_prudential-AR_2012
3,954
275Notes on the Group fi nancial statements Prudential plc Annual Report 2012 F
13
annual_report
2335
1,402
Shareholders’ equity as determined in accordance with statutory accounting practices for LNC’s insurance subsidiaries was $3.1 billion and $3.0 billion for December 31, 2003 and 2002, respectively.
27
10K
AegonNV-AR_2018
4,310
Realized gains and (losses) on repurchased debt 10 1 1 1
11
annual_report
ScorSE-AR_2018
3,540
On June 8 2018, SCOR redeemed the CHF 315 million undated subordinated debt. The related cross-currency swaps matured.
18
annual_report
1903
624
1. Organization, Accounting for Conversion and Combination, and Basis of Presentation (Continued)
12
10K
1994
342
(e) Cash and cash equivalents ------------------------- For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.
36
10K
4182
819
The following table sets forth our consolidated selected financial data for the periods and as of the dates indicated and are derived from our audited consolidated financial statements. On June 20, 2007, affiliates of Summit Partners acquired a majority of our capital stock. All periods prior to June 20, 2007 are refer...
111
10K
fr_axa-AR_1999
3,926
■ In conjunction with purchase accounting, relating to acquired life insurance operations, an identifiable intangible asset is recorded, in certain cases, for the present value of future profits of purchased insurance business inforce. The value of purchased business inforce represents the value of estimated future pro...
153
annual_report
DirectLineInsuranceGroupPLC-AR_2016
3,029
Note: 1. The liquidity fund is an investment in an open ended fund incorporated in the Republic of Ireland which targets capital stability and income in the UK. It is invested in short-term fixed income and variable rate securities (such as Treasury Bills) listed or traded on one or more recognised exchange.
52
annual_report
4440
1,467
The following is the maturity profile of the available for sale fixed income securities that were in a gross unrealized loss position at December 31, 2011:
26
10K
1838
465
Operating segments that are not individually reportable are included in the "All Other" category, which includes the operations of 21st Century Holding Company.
23
10K
fr_axa-AR_2015
6,429
During 2015, the following transactions had an impact on AXA’s share capital and capital in excess of nominal value: ■ a capital increase of €668 million including the employee share offering (December 2015) of 19 million shares for €375 million net of related charges; ■ a capital decrease of 51 million shares for €1,1...
80
annual_report
StorebrandASA-AR_2009
192
Norwegian market. All of the companies listed on the OSE main index received a questionnaire concerning their guidelines, control systems and board’s role in relation to a number of corporate responsibility topics.
32
annual_report
de_allianz-AR_2018
2,590
These valuations rely on extensive assumptions. Key assumptions such as discount rates, inflation rates, compensation increases, pension increases, and rates of medical cost trends are defined centrally at the Allianz Group level, considering the circumstances in the indi-
38
annual_report
4660
1,047
Other income of $1.0 million, $0.3 million and $0.3 million for the twelve months ended December 31, 2012, 2011 and 2010, respectively, is made up of items of a non-recurring nature.
31
10K
5920
1,503
The following table shows the components of the 2018 reduction in estimates of net ultimate losses related to prior periods by line of business for the Non-life Run-off segment.
29
10K
HelvetiaHoldingAG-AR_2017
1,226
Profit or loss for the period 342.3 285.7 98.8 83.2 11.5 33.2 – 49.7 – 25.5 0.0 0.0 402.9 376.6
20
annual_report
4506
779
The Company believes the unrealized losses are primarily attributable to broader economic conditions, changes in interest rates, wider than historical bid/ask spreads, and uncertainty with regard to the timing and amount of ultimate collateral realization, but are not indicative of the ultimate collectibility of the cu...
100
10K
5481
1,773
The $98.2 million difference for the year ended December 31, 2017 between the adverse development recorded in the financial statements and the accident year disclosure contained in Note 11. “Short Duration Contracts” is comprised of the following items:
38
10K
4501
808
changes to its capital structure and the capital structure of our subsidiaries without the Agent's prior consent. Our obligations under the Facility may be accelerated or the commitments terminated upon the occurrence of an event of default under the Facility, including payment defaults, defaults in the performance of ...
83
10K
AssicurazioniGeneraliSpA-AR_2016
1,541
In the life segment, all profit and loss accounts are considered as operating items, except for the following which are represented in the non-operating result: • net realized gains and net impairment losses on investments that do not affect the formation of the local technical reserves, but only the calculation of the...
137
annual_report
NatixisSA-AR_2012
234
The Asset Management business is structured around the Natixis Global Asset Management (NGAM) holding company. Natixis Global Asset Management ensures the consistency of overall asset management operations and also has responsibility for developing a global distribution platform and overseeing the fi nancial and strate...
95
annual_report
TopdanmarkAS-AR_2016
1,038
The table below discloses the financial effect on result and shareholders’ equity for 2015: The transition to the new Executive Order on Financial Reports results in an increase in the post-tax result for 2015 of DKK 38m from 1,132m to 1,170m. At the end of 2015, shareholders’ equity was reduced by DKK 33m from DKK 4,6...
59
annual_report
de_allianz-AR_2012
488
In accordance with these objectives, currently four people with an international background and four women are on the Supervisory Board. This is in line with our objectives regarding international character and the representation of women. The current composition of the Supervisory Board and its committees is described...
50
annual_report
SwissReAG-AR_2020
2,560
Settlement API is settled in cash. When the total API level for an employee exceeds a pre-defined amount, a portion is deferred into the Value Alignment Incentive (VAI) and remains subject to performance conditions over the VAI plan duration of three years. The non-deferred portion is settled in immediate cash (cash AP...
52
annual_report
NatixisSA-AR_2020
10,389
This fund was awarded the “Relance” label launched in October 2020 by the French Treasury: this label aims to direct French savings towards investment vehicles that support the economic recovery plan unveiled by the French Government following the COVID-19 crisis. With €820 million under management at the end of Septem...
77
annual_report
140
256
In early 1996, Investors entered into an agreement to cede a block of annuity policies with statutory policy reserves of $76,306,929 to New Era Life Insurance Company ("New Era"). This reinsurance agreement provides for an initial coinsurance period (up to five years) followed by full assumption of the specified polici...
114
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,414
the allocation reflects which of the fair values derive from transactions in the market and where valuation is based on models because market transactions are lacking.
26
annual_report
4391
2,034
$76 million, while the gross loss reserves increased by $241 million. In addition, we decreased gross loss reserves for Westchester Specialty’s A&E and other liabilities by $29 million, and net loss reserves increased by $6 million. Our A&E reserves are not discounted for GAAP reporting and do not reflect any anticipat...
67
10K
1264
684
High yield securities are bonds rated as below investment grade (below BBB) by bond rating agencies and other unrated securities which, in the opinion of management, are below investment grade. High yield securities generally involve a greater degree of risk than investment grade securities. However, expected returns s...
95
10K
214
470
Premiums. Premium revenue increased $4.8 million, or 5.0%, during the year ended December 31, 1994 to $101.5 million from $96.7 million in 1993. The increase in premium revenue in 1994 resulted from an increase of $8.5 million in earned premiums on additional business directly written by the Company, which was offset ...
165
10K
ScorSE-AR_2017
3,459
Net claims reserves & estimates – end of year 8,727 8,660 8,683 9,284 9,837 10,167 10,062 10,469 11,116 11,124 11,143
20
annual_report
LloydsBankingGroupPLC-AR_2020
2,275
During 2020, the Group made provisions of £464 million (2019: £2,895 million), including £85 million for PPI (2019: £2,450 million).
20
annual_report
TrygAS-AR_2009
1,994
9 Capital adequacy, etc. Shareholders’ equity according to annual report 8,265 9,687 Subordinate loan capital 685 732 Proposed dividend -423 -991 Solvency requirements to subsidiary undertakings -4,601 -4,579
28
annual_report
StandardLifeAberdeenPLC-AR_2016
2,804
Pensions and Savings The liability for annuity in payment contracts is measured by discounting the expected future annuity payments together with an appropriate estimate of future expenses at an assumed rate of interest derived from yields on the underlying assets.
40
annual_report
4755
2,010
During the years ended December 31, 2013, 2012 and 2011, the Company issued 329,174 RSUs and PSUs, 294,184 RSUs and 314,182 RSUs with a weighted average grant date fair value of $89.44, $65.33 and $81.20, respectively. The Company values RSUs and PSUs issued under all plans at the fair value of its common shares at the...
65
10K
890
447
During the fourth quarter of 1998, the Company incurred settlement expenses totaling $8 million, $5.9 million after tax, related to the settlement of a competitor's protest for the Region 1 TRICARE contract. All this amount was paid during fiscal year 1998. On September 30, 1997, SMHS was awarded a five-year, $1.2 bill...
139
10K
5547
1,074
On February 16, 2018, we completed a reinsurance-to-close (“RITC”) transaction with Neon Underwriting Limited ("Neon"), under which we reinsured to close the 2015 and prior underwriting years of account (comprising underwriting years 2008 to 2015) of Neon's Syndicate 2468, with effect from January 1, 2018. We assumed g...
127
10K
2119
353
The net deferred tax asset is the amount the Company believes is more likely than not will be realized in the next several years and is adjusted based on anticipated future operating results. In 2002, changes in the tax law made available for recovery certain alternative minimum tax payments made for years which were p...
56
10K
4798
811
In 2013, Old Republic adopted guidance requiring additional disclosures of amounts reclassified out of accumulated other comprehensive income. Such requirements are reflected in the presentation of the Consolidated Statements of Comprehensive Income.
32
10K
1290
404
Year Ended December 31, 1999 to Year ended December 31, 1998
11
10K