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RaiffeisenBankInternationalAG-AR_2017
3,086
Portfolio-based loan loss provisions 381,982 (5,667) 179,338 (183,778) (55) 9,134 380,954 1 Allocation including direct write-downs and income on written down claims. 2 Usage including direct write-downs and income on written down claims.
33
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
1,575
Investments in non-current assets per segment1 €m 2020 Prev. year Life and health reinsurance 35 53 Property-casualty reinsurance 839 276 ERGO Life and Health Germany 67 332 ERGO Property-casualty Germany 166 193 ERGO International 89 73 Total 1,196 926 1 The non-current assets mainly comprise intangible assets (especi...
62
annual_report
1477
211
the Company's ability to achieve anticipated levels of operating efficiencies and meet cash requirements based upon projected liquidity sources;
19
10K
DirectLineInsuranceGroupPLC-AR_2019
1,421
During the period, the oversight of change risk was a central focus for the Committee as the Group continued on its transformation journey to deliver technology and organisational change. The Committee received reports on the progress of the Group’s multi-year transformation programmes, considering the relevant risks a...
99
annual_report
ch_zurich_insurance_group-AR_2014
1,096
I. Welton 3 n / a n / a n / a n / a 1 Mr. Dickie has been appointed Chief Operations and Technology Officer effective March 17, 2014. 2 Mr. Quinn has been appointed Chief Financial Officer effective May 1, 2014. 3 Ms. Welton has been appointed Chief Human Resources Officer, effective July 1, 2014.
57
annual_report
RSAInsuranceGroupPLC-AR_2020
645
· Keeping everyone connected was critical; we increased the ways we provide information and listen to views, including weekly leadership calls, frequent all-colleague leadership messages, informal colleague ‘coffee chat’ groups with HR, online forums in our ‘Yammer’ tool, and pulse surveys.
41
annual_report
fr_axa-AR_2005
3,845
Other non controlled investment funds held for trading – – – –
12
annual_report
Sampoplc-AR_2012
1,502
which are recognized in the consolidated comprehensive income statement. Translation risks arise also within If P&C and to a lesser extent within Mandatum Life from their subsidiaries whose base currency is different from that of the respective parent company.
39
annual_report
4570
624
Our other long-term liabilities represent the loss reserves established to recognize the liability for losses and loss adjustment expenses related to defaults on insured mortgage loans, as well as future payments required under the settlement agreement with Freddie Mac as discussed in Note 20 - “Litigation and Continge...
298
10K
4500
4,376
In October 2007, Prudential Retirement Insurance and Annuity Co. (“PRIAC”) filed an action in the United States District Court for the Southern District of New York, Prudential Retirement Insurance & Annuity Co. v. State Street Global Advisors, in PRIAC’s fiduciary capacity and on behalf of certain defined benefit and ...
50
10K
BaloiseHoldingLtd-AR_2015
2,895
Gains and losses arising during the reporting period – 124.1 – 0.2
12
annual_report
4607
1,212
Ceding commissions earned. We have historically relied on quota share, excess of loss and catastrophe reinsurance to manage our regulatory capital requirements and limit our exposure to loss.
28
10K
RaiffeisenBankInternationalAG-AR_2014
842
Loans and advances to customers 1,047 910 15.0% 1,047 1,047 0.0%
11
annual_report
AvivaPLC-AR_2011
1,550
Committee activities during 2011 The Committee’s principal functions are: to assist the Board in making decisions on the Group’s risk appetite; to oversee the monitoring and control of risks so that they remain aligned with appetite; to ensure that management is reviewing emerging risks and testing the Group’s resilien...
135
annual_report
ASRNederlandNV-AR_2013
2,314
Group quote: both [TP] and [WG]; three worked alternatives ready to go
12
annual_report
NatixisSA-AR_2016
3,771
NEU CP: “Negotiable European Commercial Paper,” the new commercial name for CDNs used on the market place (reform enacted by decree on(1) May 30, 2016, subsequent to the opinion of the European Central Bank issued on March 30, 2016).
39
annual_report
4083
597
Each reporting period, the Company updates the estimated present values of gross profits for that period. When the actual gross profits change from previous estimates, the cumulative DAC and VOBA amortization is re-estimated and adjusted by the cumulative charge or credit to current period earnings. When actual gross p...
106
10K
3400
701
· Asset Protection segment operating income was $29.5 million, representing an increase of $21.7 million, or 279.1%, for the year ended December 31, 2007 compared to the year ended December 31, 2006. The increase was primarily the result of bad debt charges of $27.1 million in 2006. These charges related to the Lenders...
89
10K
3142
1,166
Large umbrella claims contributed to the adverse development experienced in the other liability line of business. Also contributing to overall umbrella reserve development was an increase in claims arising from underlying general liability policies.
34
10K
SwissReAG-AR_2003
215
During the years ended 31 December 2002 and 2003, goodwill of CHF 350 million and CHF 315 million, respectively, was amortised.
21
annual_report
fr_axa-AR_1999
165
Japan originates through the internet; • key competencies in both insurance and financial services, supported by expertise in the e-business domain. DLJdirect, DLJ’s online brokerage service, is currently ranked third worldwide with more than 700,000 clients in the United States alone. DLJdirect has also begun to expan...
50
annual_report
AssicurazioniGeneraliSpA-AR_2015
4,097
Genertel Servizi Assicurativi S.r.l. 086 EUR 80,000 a 11 50.00 Genertel S.p.A. 100.00 100.00 50.00 Genertellife S.p.A.
17
annual_report
NatwestGroupPLC-AR_2015
7,136
• a Bank Secrecy Act/anti-money laundering compliance programme for the US Branches on a consolidated basis
16
annual_report
2888
2,683
In Japan, the Company offers certain variable annuity products with both a guaranteed death benefit and a guaranteed income benefit. The Company maintains a liability for these death and income benefits, under SOP 03-1, of $50 as of December 31, 2005. Declines in equity markets as well as a strengthening of the Japanes...
175
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,611
Shareholder Meeting resolutions concerning the following issues require a three-fourths majority of votes: • amendments to the Articles of Association; • decrease in the share capital; • selling or leasing a business or an organized part thereof or establishing a limited right in rem thereon.
45
annual_report
4786
840
The following discussion should be read in conjunction with the “Risk Factors” contained in Item 1A herein, particularly the risk factor entitled “Our stated catastrophe and enterprise-wide risk management exposures are based on estimates and judgments which are subject to significant uncertainties.”
42
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
1,412
ERGO Property- Property- Various casualty casualty cashreinsurance Germany generating €m segment segment units
13
annual_report
NatixisSA-AR_2012
7,228
Statutory Auditors’ special report on related party agreements and commitments 2.1.14 AGREEMENT PROVIDING FOR THE DISTRIBUTION OF NATIXIS PRODUCTS AND SERVICES TO THE REGIONAL BANKS ACQUIRED BY GROUPE BANQUE POPULAIRE FROM HSBC
32
annual_report
NatixisSA-AR_2020
10,758
As a financial institution and major economic player, Natixis is exposed to climate risk in the running of its operations and business activities. Taking this climate risk into consideration is crucial for the bank in all its areas of business: Asset Management, Financing and investments, insurance and Payments.
48
annual_report
ch_zurich_insurance_group-AR_2009
1,827
Liabilities related to unit-linked investment contracts 40,143 30,397 Liabilities related to investment contracts (amortized cost) 254 122 Liabilities related to investment contracts with DPF 5,728 5,461
26
annual_report
5409
1,136
• STD and Critical Illness: Claim frequency is based on submitted claims.
12
10K
StorebrandASA-AR_2019
690
We have maintained nominally flat costs between 2012 and 2019. This is despite assets under management nearly doubling in the period and with continued investments in selected growth initiatives. This implies a reduction in real costs. The cost ambition is excluding any performance related costs in Asset Management or ...
72
annual_report
5755
988
Sirius International holds a large portfolio of investments that are denominated in U.S. dollars, but its functional currency is the SEK. When Sirius International prepares its stand-alone GAAP financial statements, it remeasures its U.S. dollar-denominated investments to SEK and recognizes the related foreign currency...
166
10K
fr_axa-AR_2009
3,803
The fi rst 10 employees benefi ciaries 968,927 - 812,127 646,371
11
annual_report
NatixisSA-AR_2007
7,740
Where there is a risk of partial or total non-recovery of loans or non-compliance with loan terms or covenants, impairment charges or provisions are recognized in income under
28
annual_report
2251
1,275
Future policy benefits for long-term care insurance policies are based on the net level premium method. Assumptions established at policy issue as to mortality, morbidity, persistency, interest and expenses, which include a margin for adverse deviation, are based on estimates developed by management. Interest rates use...
55
10K
AvivaPLC-AR_2003
1,795
Portugal Eurovida BNC – CGU Companhia de Seguros de Vida S.A. (50.0%)
12
annual_report
5673
646
The table below summarizes consolidated contractual obligations by period for payments that are due as of December 31, 2019:
19
10K
AvivaPLC-AR_2015
58
Operating profit on an IFRS basis was up 20% to £2,665 million, including a £554 million contribution from Friends Life and adverse foreign exchange of £117 million. Net asset value increased to 389 pence per share and total shareholder return was 10.4%.
42
annual_report
4542
1,200
Net cash provided by financing activities was $1.1 million for the year ended December 31, 2012 compared to net cash used in financing activities of $88.8 million and $50.5 million for the years ended December 31, 2011 and 2010. The significant reduction in the use of cash by financing activities is primarily related t...
76
10K
1597
3,682
Includes short-term debt of $52.3 million, $53.4 million, $0.0 million, $0.0 million, and $0.0 million as of December 31, 2000, 1999, 1998, 1997, and 1996, respectively.
26
10K
3644
837
The 2007 impact was due to settlements related to the annuity purchases and lump sum payouts made to three participants who retired in 2006.
24
10K
NatwestGroupPLC-AR_2006
3,131
5 Regulatory developments for capital and risk management The Basel Committee on Banking Supervision issued new requirements for firms’ risk weighted asset (“RWA”) calculations in June 2004. These rules are generally referred to as Basel 2.
36
annual_report
3310
537
Revenues of the other manufacturing businesses in 2006 increased $2,728 million (29%) and pre-tax earnings increased $421 million (32%) as compared to 2005. The acquisitions of Forest River (acquired August 2005), IMC and Russell Corporation account for a substantial portion of these increases. Additionally, the buildi...
65
10K
SwissReCorporateSolutions-AR_2014
329
Net operating tax losses of USD 45 million were utilised during the period ended 31 December 2014.
17
annual_report
de_allianz-AR_2015
2,429
3 Change due to redemption of a € 1.0 Bn bond and the issuance of a € 1.5 Bn bond in the first quarter of 2015.
26
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
1,497
The changes in share price assumed in these scenarios, ±10% and ±20% respectively, a corresponding shift in the interest-rate curve of ±100 and ±200 basis points (bp) respectively, and a fluctuation in exchange rates of ±10%, would produce the following changes in the market value of the investments: Market risk – Shar...
53
annual_report
de_allianz-AR_2008
1,186
As the massive decline in operating revenues could not be outweighed by reductions in operating expenses, we recorded an operating loss of � 1,797 million, which included loan loss provisions of � (327) million.
34
annual_report
nl_ing_grp-AR_2014
791
And Global Finance recognised us as: Best Trade Finance Bank in the Netherlands Best Treasury and Cash Management Provider in the Netherlands Best Treasury and Cash Management Provider in Belgium Best Supply Chain Provider in Central and Eastern Europe
39
annual_report
LloydsBankingGroupPLC-AR_2020
2,640
For the April 2021 pay review, the average pay award for our lowest-paid colleagues will be 1.7 per cent and up to 2.2 per cent again, above inflation. There are no increases for Executive Directors.
35
annual_report
fr_axa-AR_1999
1,412
French transfer taxes unless the transfer is effected by means of a written agreement that is executed or enforced within France. Should such written agreement be executed or enforced in France, it would be subject to transfer taxes at the rate of 1 percent, up to a maximum of FF 20,000 per transaction.
53
annual_report
SwissReAG-AR_2018
3,406
Collateral accepted which the Group has the right to sell or repledge As of 31 December 2017 and 2018, the fair value of the equity securities, government and corporate debt securities received as collateral was USD 7 476 million and USD 4 239 million, respectively. Of this, the amount that was sold or repledged as of ...
86
annual_report
2300
1,732
Claims and claim adjustment expense reserves represent estimated provisions for both reported and unreported claims incurred and related expenses. The reserves are adjusted regularly based upon experience. Included in the claims and claim adjustment expense reserves in the consolidated balance sheet at December 31, 200...
118
10K
RSAInsuranceGroupPLC-AR_2006
444
The Board The Board meets regularly and is responsible for organising and directing the affairs of the Company and the Group in a manner that is in the best interests of the shareholders as a whole and is consistent with good corporate governance practices, and for ensuring that in carrying out its duties the Company a...
83
annual_report
5221
5,749
Downing v. First American Title Insurance Company, et al., filed on July 26, 2016 and pending in the United States District Court for the Northern District of Georgia,
28
10K
5258
455
Our home office complex is owned and located in Northbrook, Illinois. As of December 31, 2016, the home office complex consists of several buildings totaling 1.9 million square feet of office space on a 186-acre site.
36
10K
5343
454
Our core property and casualty commercial insurance operations are managed and reported in three business segments: Specialty, Commercial and International. Specialty provides a broad array of professional, financial and specialty property and casualty products and services through a network of independent agents, brok...
127
10K
2275
591
investment income related to other investment products increased as a result of the growth in average assets over the last twelve months in the institutional investment business, where related general account assets under management increased $2.4 billion, since December 31, 2002, to $10.4 billion as of December 31, 20...
143
10K
Sampoplc-AR_2013
3,356
21 P21 Pension cension contributions tontributions to the CEOo the CEO, deputy CEO and the members of the, deputy CEO and the members of the boarboardd
26
annual_report
4698
1,522
The Company records an embedded derivative liability for its FIA contracts for interest payments to contract holders above the minimum guaranteed contract value. The guarantee is treated as an embedded derivative and is required to be accounted for separately from the host contract. The fair value of the obligation is ...
101
10K
HelvetiaHoldingAG-AR_2014
3,514
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Swiss law and Swiss
27
annual_report
CNPAssurancesSA-AR_2000
89
As of the beginning of 2002, life insurance was still the most popular investment product in France.
17
annual_report
GjensidigeForsikringASA-AR_2010
920
the Board of directors has established guidelines that specify targets and limits for the Company’s socially responsible involvement. the guidelines are available at www.gjensidige.com.
24
annual_report
SwissLifeHoldingAG-AR_2010
1,004
The statutory minimum distribution ratios (“legal quote”) relating to the Swiss Life Group’s operations are as follows: SWITZERLAND — Group business subject to “legal quote”: At least 90% of the calculated income on the savings, risk and cost components minus the expenses thereof must be allocated to the policyholders.
49
annual_report
1937
686
We entered into a joint venture agreement, dated June 2001 (the "JV Agreement"), with BF&M Properties Limited to form a Bermuda corporation, Barr's Bay Properties Limited ("Barr's Bay"). Barr's Bay was formed to construct an office building in Hamilton, Bermuda, in which we will have the option to lease office space fo...
104
10K
PosteItalianeSpA-AR_2020
10,537
Committee. The Board of Statutory Auditors, considering the activities in progress for updating the Guideline concerning related party transactions, also given the provisions of the new Consob regulation, which will come into force from 1 July 2021, as indicated above, has suggested strengthening the documentation supp...
91
annual_report
713
284
The Company recognizes and records commission revenue when a sale has been consummated. Annuity and insurance sales are deemed to be consummated when proof of premium payment, the completed application and supporting documentation have been received in the Company's distribution/service center. Mutual fund sales are re...
175
10K
NatwestGroupPLC-AR_2018
4,487
The Group operates in markets that are subject to intense scrutiny by the competition authorities. There is significant oversight by competition authorities of the markets which the Group operates in. The competitive landscape for banks and other financial institutions in the UK, the rest of Europe and the US is rapidl...
99
annual_report
fr_axa-AR_2016
2,232
Net income decreased by €29 million (-29%) to €71 million due to (i) lower adjusted earnings, (ii) higher expenses in the context of the closure of the Hungarian branch, (iii) a less favorable change in the fair value of interest rate derivatives and (iv) higher restructuring costs.
47
annual_report
5829
1,452
Interest expense. Interest expense for the years ended December 31, 2020, and 2019, was $33.8 million and $51.5 million, respectively.
20
10K
2987
3,977
pertain to policies included in these arrangements, in proportion to total losses and recoveries and limited to coverage available. We anticipate that we will have a similar agreement to share recoveries on the Royal Palm 2 agreement.
37
10K
4599
1,969
Most of our international mortgage insurance policies provide for single premiums at the time that loan proceeds are advanced. We initially record the single premiums to unearned premium reserves and recognize the premiums earned over time in accordance with the expected pattern of risk emergence. As of December 31, 20...
98
10K
NatixisSA-AR_2018
6,672
Natixis has contracted a call option with BPCE for the purpose of recovering in 10 years’ time any net gains in fair value transferred to BPCE via (b) TRS. The call option was recognized on this line in assets for €569.6 million at December 31, 2018, versus €559.5 million at December 31, 2017.
53
annual_report
StorebrandASA-AR_2000
428
Share price development Storebrand’s share price on 31 December 1999 was NOK 61.00. The high and low prices seen during 2000 were NOK 70.00 and NOK 48.80 respectively. The price on 31 December 2000 was NOK 62.50. This represents an increase of 2.5% over the course of 2000. The share price has risen by 9% over the past ...
75
annual_report
5136
616
The National Accounts market in the Business and International Insurance segment is the primary source of the Company's fee-based business. The $7 million and $43 million increases in fee income in 2015 and 2014, respectively, compared with the respective prior years are described in the Business and International Insu...
53
10K
2742
999
The consolidated financial statements of Republic Companies Group, Inc. (RCGI) and its wholly owned subsidiaries and certain affiliates, who are controlled through various management agreements, have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). All significant intercompany bala...
64
10K
AegonNV-AR_2009
4,053
Recognition of previously unrecognized tax loss / tax credit (47) (3) 27
12
annual_report
SwissLifeHoldingAG-AR_2011
1,754
BRANDS AND OTHER — Consists of brands, trademarks, computer software and other intangible assets relating to AWD CHF 98 million (2010: CHF 103 million) and other CHF 38 million (2010: CHF 25 million) as at 31 December 2011.
38
annual_report
1891
490
The nature and quality of the various types of investments purchased by an insurance company must comply with the statutes and regulations imposed by the various jurisdictions in which those entities are incorporated. Following is a breakdown of the credit quality of our fixed maturity portfolio at December 31, 2002.
50
10K
4042
1,394
5.5%, based on the portfolio earned rate of the general account.
11
10K
4145
1,366
The Company’s process for identifying declines in the fair value of investments that are other than temporary involves consideration of several factors. These primary factors include (i) an analysis of the liquidity, business prospects and financial condition of the issuer including consideration of credit ratings, (ii...
184
10K
ch_zurich_insurance_group-AR_2013
881
As can be seen from the above chart, there is an appropriate balance of the remuneration elements with a significant emphasis on performance related remuneration through both the Short-Term Incentive Plan and Long-Term Incentive Plan. The distribution of the target values between short-term (one year) and long-term inc...
56
annual_report
PosteItalianeSpA-AR_2020
8,971
“Other debt securities” include Italian fixed income government bonds and securities guaranteed by the Italian State for €26,157 million. Their carrying amount of €33,255 million reflects the amortised cost of unhedged fixed income instruments, totalling €11,380 million, the amortised cost of fair-value hedged fixed in...
98
annual_report
AvivaPLC-AR_2016
5,792
Notes to the consolidated financial statements continued 55 – Statement of cash flows This note gives further detail behind the figures in the statement of cash flows.
27
annual_report
4681
1,926
Income (loss) from discontinued operations, net of tax, increased due to a realized gain on the sale of Specialty Risk Services of $150, after-tax, in 2011, which was partially offset by a loss of $74, after-tax, from the disposition of Federal Trust Corporation in 2011. In 2010, loss from discontinued operations, net ...
67
10K
4225
1,101
(h)Includes $164 million of debt assumed on the acquisition of Fuji.
11
10K
TrygAS-AR_2012
619
See the Investor Relations policy at tryg.com > Investor > IR contacts > IR policy and the CSR policy at tryg.com > CSR
23
annual_report
HannoverRueckSE-AR_2013
1,101
The measurement and monitoring mechanisms that have been put in place safeguard a prudent, broadly diversified investment strategy. This is reflected inter alia in the fact that within our portfolio of assets under own management the exposures to government bonds or instruments backed by sovereign guarantees issued by ...
120
annual_report
2834
1,031
*Basic and diluted EPS for each quarter is calculated based on the weighted average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is calculated based on the weighted average number of shares outstanding for the year. As a result, the sum of the four quarters’ EPS may no...
60
10K
HannoverRueckSE-AR_2006
1,535
Net book value at 31 December of the year under review 2,228,152 2,228,501
13
annual_report
PhoenixGroupHoldingsPLC-AR_2016
1,777
Details of fees paid to EY during 2016 for audit and non-audit work are disclosed in note C3 to the IFRS consolidated financial statements.
24
annual_report
nl_ing_grp-AR_2012
2,903
Early repayment of liabilities –348 –48 –1,067 –6 –1,469 Maturity/settlement –535 –3 –1,174 –1,712
14
annual_report
302
243
Acquisitions................................. 21.9% 22.2% 20.7% Financial Institutions....................... 9.0 8.3 12.9 Group........................................ 18.0 18.2 17.9 Guaranteed Investment Contracts.............. 21.3 22.8 22.3 Individual Life.............................. 17.4 16.0 14.7 Investment Pro...
52
10K
AegonNV-AR_2013
5,525
Aegon’s regulated businesses, such as insurance, banking and asset management, are subject to comprehensive regulation and supervision. The primary purpose of such regulation is to protect clients (i.e. policyholders), not holders of Aegon securities. Changes in existing laws and regulations may affect the way in which...
113
annual_report
181
253
Minority interest for 1995 was an expense of $4 million as compared to income of $3 million reported in 1994. The change in minority interest was due to earnings generated by Signet Star in 1995 versus a loss in 1994.
40
10K
3843
1,149
At December 31, 2008 and 2007, Loss Reserves for our insurance operations by major line of business, net of unpaid losses and loss adjustment expenses recoverable, were as follows:
29
10K
3574
1,045
Operating expenses for the years ended December 31, 2007, 2006 and 2005 were $2.0 million, $1.3 million and $1.2 million, respectively. During 2006, the Company implemented a new operating expense allocation methodology to more closely allocate expenses to the individual operating segments. This new methodology was bas...
138
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
383
Transparency is provided with regard to whether and for what specific reason loadings or reductions were applied, and what they amounted to.
22
annual_report
5838
807
Benefit expenses for FIA, fixed rate annuities and IUL policies include index credits and interest credited to contractholder account balances and benefit claims in excess of contract account balances, net of reinsurance recoveries, are charged to expense in the period that they are earned by the policyholder based on ...
112
10K
ASRNederlandNV-AR_2010
1,765
Changes in liabilities arising from insurance contracts on behalf of policyholders -665 -1,561 amortization of VoBa (Chapter 6) -18 -16
20
annual_report