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548

The December 31, 1996 ordinary life reserves are net of a $780,000 reduction associated with refinement of purchase GAAP accounting. Substantially all of the ordinary life reserve increase in 1995 as compared with 1994 was due to the Acquisition. The December 31, 1996 accident and health reserves include a $45,000 increase which is also associated with refinement of purchase GAAP accounting. The Acquisition also increased accident and health reserves by $366,000 in 1995.

10K

NatixisSA-AR_2008

Natixis is one of the top-15 asset management companies worldwide and is also world No. 3 in credit insurance with Coface. Its Services business is based around powerful and fl exible industrial platforms. Natixis is also No. 1 in private equity in the French small and mediumsized businesses market.

annual_report

AvivaPLC-AR_2014

Emerging risks and causal factors We also manage and monitor risks and causal factors which may impact our longer term profitability and viability, in particular our ability to write profitable new business. For example, such risks and factors include: • Climate change – potentially resulting in higher than expected weather-related claims and inaccurate pricing of general insurance risk.

annual_report

MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003

Change from the acquisition and sale of investments for unit-linked life insurance –248 –45

annual_report

4931

On February 28, 2012, the Company exercised its right to defer interest payments on the two notes payable mentioned above beginning with the scheduled interest payment due in March 2012 and continuing for a period of up to five years. The affected notes are associated with obligations to the Company’s unconsolidated trusts. The outstanding balance of the affected notes was $56.7 million as of December 31, 2014. The Company will continue to accrue interest on the principal during the interest deferral period and the unpaid deferred interest will also accrue interest. Deferred interest will be due and payable at the expiration of the interest deferral period and totaled $6.9 million as of December 31, 2014.

10K

3109

In October 2005, the American Institute of Certified Public Accountants ("AICPA") issued Statement of Position 05-1, "Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts" ("SOP 05-1"). SOP 05-1 provides accounting guidance for deferred policy acquisition costs associated with internal replacements of insurance and investment contracts other than those already described in SFAS No. 97, "Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments." SOP 05-1 defines an internal replacement as a modification in product benefits, features, rights, or coverages that occurs by the exchange of a contract for a new contract, or by amendment, endorsement or rider to a contract, or by the election of a feature or coverage within a contract. The provisions of SOP 05-1 are effective for internal replacements occurring in fiscal years beginning after December 15, 2006. The Company is currently assessing the impact of SOP 05-1 on its results of operations and financial position. The Company does not expect the impact of the adoption to have a material effect on its results of operations or financial position.

10K

NatwestGroupPLC-AR_2012

Regulatory risk* Regulatory risk is the risk of material loss or liability, legal or regulatory sanctions, or reputational damage, arising from the failure to comply with (or adequately plan for changes to) relevant official sector policy, laws, regulations, or major industry standards, in any location in which the Group operates. The Group believes that maintaining a strong regulatory risk framework is fundamental to protecting sustainable growth, rebuilding its reputation and maintaining stakeholder confidence.

annual_report

MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015

Germany, Asia Pacific and Africa Great Lakes, Sydney Calliden Insurance Ltd., Sydney Great Lakes, Auckland Munich Re, Auckland Munich Re, Beijing3

annual_report

PowszechnyZakladUbezpieczenSA-AR_2020

Gross Domestic Product According to preliminary estimates, real GDP in 2020 declined 2.7% amidst the COVID-19 pandemic. The strongest contributing factors to this decline were slumps in household consumption (-1.7 p.p.) and gross fixed capital formation (-1.6 p.p.). Household consumption and investments dropped by 3% and 8.4%, respectively. As a consequence, in 2020, the investment rate in the national economy (the ratio of gross fixed capital formation to gross domestic product at current prices) fell to 17.1%, compared to 18.5% in 2019. The scale of decline in GDP was curtailed by net exports, which added 1.0 p.p. to its growth rate.

annual_report

4996

(3) This is a non-GAAP ratio that excludes the impact of prior accident year adjustments. The most directly comparable GAAP measure is the combined ratio.

10K

5658

The allocation of the purchase price was based on information included in unaudited financial statements at March 31, 2017. The fair values of the assets acquired and liabilities assumed may be subject to adjustments, which may impact the amounts recorded for the assets acquired and liabilities assumed, as well as the bargain purchase gain.

10K

4107

The effective tax rate increased to 39.7% for the year ended December 31, 2008 from 22.3% for the year ended December 31, 2007. This increase in the effective tax rate was primarily attributable to the current year pre-tax loss and its proportion to tax-exempt investment income.

10K

PosteItalianeSpA-AR_2016

Other changes – – – – – – – – – – –

annual_report

4243

The loss and loss adjustment expense ratio was 66.6% for the year ended June 30, 2009, compared with 76.9% for the year ended June 30, 2008. For the year ended June 30, 2009, we experienced favorable development of $11.4 million for losses occurring prior to June 30, 2008.

10K

NatixisSA-AR_2016

The Monthly Reference Compensation is equal to one-twelfth of paid over the last three calendar years of activity.

annual_report

gb_prudential-AR_2015

Underlying free surplus generated from in-force life business and asset management2 3,795 3,177 19 3,263 16

annual_report

5291

Year-end managed care membership of 11.4 million, an increase of over 6.3 million members, or 124% over 2015.

10K

AegonNV-AR_2018

The accounting mismatch inherent in IFRS-EU is also apparent in the reported sensitivities. A change in interest rates has an immediate impact on the carrying amount of assets measured at fair value. However, the shock will not have a similar effect on the carrying amount of the related insurance liabilities that are measured based on locked-in assumptions or on management's long-term expectations. Consequently, the different measurement bases for assets and liabilities lead to increased volatility in IFRS-EU net income and shareholders' equity. Aegon has classified a significant part of its investment portfolio as 'available-for-sale', which is one of the main reasons why the economic shocks tested have a different impact on net income than on shareholders' equity. Unrealized gains and losses on these assets are not recognized in the income statement but are booked directly to the revaluation reserves in shareholders' equity, unless impaired. As a result, economic sensitivities predominantly impact shareholders' equity but leave net income unaffected. The effect of movements of the revaluation reserve on capitalization ratios and capital adequacy are minimal.

annual_report

1089

Earnings (loss) per common share: Basic: Continuing operations $0.60 $0.50 $0.87 $0.30 $2.27 Extraordinary items (0.02) - - - (0.02) Net income $0.58 $0.50 $0.87 $0.30 $2.25

10K

fr_axa-AR_2001

• Sensitivity analyses are primarily used for participating products and simulate the impact of certain market fluctuation scenarios on future cash flows, fair values, or forecasted earnings. Many of these sensitivity analyses are performed for local regulatory purposes. The goal of such analyses is to ensure AXA is able to provide policyholders adequate returns while complying with regulatory requirements.

annual_report

AdmiralGroupPLC-AR_2017

Today we have over 5 million customers worldwide, 17 brands and 9,000 staff. Over the last 25 years we have continued to strengthen our UK businesses and grow our international operations.

annual_report

NatixisSA-AR_2016

Netherlands) may have a long-term upward effect on European sovereign debt risk premiums, thus impacting growth and fiscal environment in which financial institutions operate, and consequently may have an impact on Natixis’ financial position.

annual_report

gb_prudential-AR_2010

IFRS operating profit from fund management of £72 million is 31 per cent higher than in the prior year. The Funds business remitted a net £33 million of surplus capital to the Group during 2010.

annual_report

4764

In conjunction with the December 31, 2012 acquisition of ProtectCELL, the Company assumed an office space lease between ProtectCELL and 39500 High Pointe, LLC ("High Pointe"). The ownership of High Pointe includes three members who were the founding members of ProtectCELL and are now employees of the Company. The Company made lease payments to High Pointe during the year ended December 31, 2013, which are reflected in the table below. The Company did not make any lease payments to High Pointe for the year ended December 31, 2012.

10K

4967

The following table sets forth the reinsurance transactions on the Company’s balance sheets for the Pooling Arrangement between the STFC Pooled Companies and State Auto Mutual at December 31, 2014 and 2013:

10K

NatixisSA-AR_2019

Of which €13,969 million relating to clearing houses (2% flat weighting in accordance with applicable regulation) and €3,237 million relating to BPCE Group affiliates at December 31, 2019*

annual_report

3427

Premium growth in 2006 as compared to 2005 was attributable to increases in direct new business of $14.1 million to $276.9 million coupled with renewal price increases, including exposure, of 2.2% in 2006.

10K

4443

The NAIC RBC requirements require insurance companies to calculate and report information under a RBC formula. These requirements are intended to allow insurance regulators to monitor the capitalization of insurance companies based upon the type and mixture of risks inherent in a company’s operations. The formula includes components for asset risk, liability risk, interest rate exposure, and other factors. ILIAC has complied with the NAIC’s RBC reporting requirements. Amounts reported indicate that, as of December 31, 2011, ILIAC has total adjusted capital above all required capital levels.

10K

5516

For GMWB liabilities, non-performance risk is integrated into the discount rate. Our discount rate used to determine fair value of our GMWB liabilities includes market credit spreads above U.S. Treasury rates to reflect an adjustment for the non-performance risk of the GMWB liabilities. As of December 31, 2018 and 2017, the impact of non-performance risk resulted in a lower fair value of our GMWB liabilities of $64 million and $63 million, respectively.

10K

fr_axa-AR_1999

• System of accounting and form and content of financial statements and other associated regulatory reports which must be filed with the local regulatory authority on a routine basis,

annual_report

4095

The weighted average remaining contractual term and the aggregate intrinsic value of stock options outstanding and exercisable as of December 31, 2009 is as follows:

10K

73

Certain subsidiaries of the Company have sold various accounts receivable to a finance company subsidiary of the Mutual. Total receivables sold as of December 31, 1994 and 1993 amounted to approximately $6.6 and $8.5, respectively.

10K

2042

December 31, ---------------------- 2002 2001 ---- ---- Specialty $3,712 $3,295 Personal 838 843 Other lines (including asbestos and environmental) 654 640 ------ ------ $5,204 $4,778 ====== ======

10K

3331

There was one non-income producing bond with an estimated fair value of $0.5 million as of December 31, 2006 and 2005. In 2007, the estimated fair value of this bond was written down to $0.0 million.

10K

1965

Claim reserves are calculated based on claim continuance tables and anticipated interest earnings. Anticipated claim continuance rates are based on established industry tables. Anticipated interest rates for claim reserves for both disability income and long-term care range from 5% to 8%.

10K

4113

The balances of and changes in deferred acquisition costs as of and for the years ended December 31, are as follows:

10K

2828

On December 16, 2005, we acquired 100% of the common stock of EBRx, Inc. The acquisition was structured as a merger between a wholly-owned subsidiary of ours formed for such purpose and the parent company of EBRx, with that former parent as the surviving entity following the merger. Consideration consisted of a cash payment of $27.9 million and we incurred $400,000 in related transaction costs. The acquisition provides for an additional contingent consideration payment of up to $3.0 million subject to performance based standards including certain specified client retention and gross profit criteria for the twelve months ended December 31, 2006, including a provision for earlier payment based on a modified measurement as of September 30, 2006. The acquisition of EBRx resulted in goodwill of $25.2 million and intangible assets of $6.0 million. The allocation of the purchase price to the net assets acquired will be finalized upon receipt of an independent valuation report, consequently the allocation of the purchase price to intangible assets is subject to adjustment. As agreed in connection with the EBRx acquisition, a separate entity owned by former owners and management of EBRx purchased a 20% ownership interest in EBRx in January 2006.

10K

LloydsBankingGroupPLC-AR_2017

Principal risks The Group’s principal risks are shown in the risk overview (pages 34–37). The Group’s emerging risks are shown overleaf. Full analysis of the Group’s risk categories is on pages 115–156.

annual_report

gb_prudential-AR_2019

The highlights of our 2019 environmental performance are available below. These metrics cover the performance of the demerged Prudential Group for 2019 and form the new baseline data from which we will measure future environmental performance. The demerged Prudential Group is 24 per cent smaller (based on headcount) than the Prudential Group including M&G plc. Consequently, the reported figures are much lower than the values reported in 2018.

annual_report

5938

The following is a description of the valuation methodologies used by the Company’s pricing vendors for investment securities carried at fair value:

10K

4651

At December 31, 2012 and 2011, GMWB liability and GMIB reinsurance asset included within future policy benefits were as follows:

10K

712

Liabilities. LNC has an exposure to foreign currency equity risk with respect to unit-linked annuity policies issued in the UK. As of December 31, 1997, the aggregate U.S dollar equivalent amount of account value is $59.4 million. LNC also has a small exposure to U.S. equity markets through reinsurance contracts that reinsure equity-indexed annuities. The aggregate amount of account value of these annuities is $6.6 million. These risks are being hedged with equity derivatives as discussed below.

10K

AvivaPLC-AR_2015

G o vern an ce of the issued ordinary share capital. Details are contained in the Notice of AGM. The Company held no treasury shares during the year or up to the date of this report.

annual_report

4201

We capitalize computer software costs developed or obtained for internal use in accordance with ASC 350-40, Intangibles - Goodwill and Other, Internal-Use Software. Capitalized costs include internal and external labor and overhead, all of which are attributable to Indemnity. Capitalization ceases and amortization begins no later than the point at which a computer software project is complete and ready for its intended use. Capitalized software costs are amortized over a seven year period. There were no capitalized software costs for the year ended December 31, 2008.

10K

RaiffeisenBankInternationalAG-AR_2010

The consolidated financial statements are based on the reporting packages of all fully consolidated Group members, which are prepared according to IFRS rules and uniform Group standards. With the exception of five subsidiaries accounted for with interim financial statements – the reporting date was on 30 June – all fully consolidated companies prepared their annual financial statements as of 31 December. The deviating reporting dates are due to dividend policy reasons and because of seasonal business transactions. Figures in these financial statements are stated in thousands of euros. The following tables may include rounding differences. The previous year’s figures are the audited consolidated figures of Raiffeisen International Bank-Holding AG.

annual_report

ScorSE-AR_2013

Permanent Representative: of SCOR SE at ASEFA S.A.’s Board (Spain). of SCOR Global P&C SE at SCOR Properties' Board (France)

annual_report

fr_axa-AR_2018

In Health, a teleconsultation service was launched, in partnership with the public sector, in order to provide healthcare to a wider range of patients.

annual_report

HiscoxLtd-AR_2016

These very good results mask ongoing soft market challenges. Our London Market business continues to face pricing pressure in most lines. Despite this, it delivered a strong profit of £44.0 million (2015: £54.6 million) and growth in local currency of 14.2%. Our investment in new teams has offset the decline in some established lines. We expect the soft market conditions to continue in 2017, and that particularly tortured London Market lines will shrink.

annual_report

5418

Marketing and advertising, customer care and enrollment, technology and content and general and administrative operating expenses that are directly attributable to a segment are reported within the applicable segment. Indirect marketing and advertising, customer care and enrollment and technology and content operating expenses are allocated to each segment based on usage. Other indirect general and administrative operating expenses are managed in a corporate shared services environment and, since they are not the responsibility of segment operating management, are not allocated to the two operating segments and are presented as a reconciling item to our consolidated financial results.

10K

SwissLifeHoldingAG-AR_2002

As far as efficiency is concerned, we have made it our goal to lower operating costs by CHF 515 million by 2004, compared to their 2001 level. In 2002 we already managed to make savings amounting to CHF 212 million, which is more than 40% of our goal.

annual_report

BaloiseHoldingLtd-AR_2006

VORABDRUCK information about the participating interests of Bâloise-Holding is given on pages 74 and 75.

annual_report

gb_prudential-AR_2010

Fair value (as included in statement of financial position) 4,002 7,254

annual_report

fr_axa-AR_2015

Shares are expensed each year under the variable accounting method. They do not create any dilution for shareholders since no new shares are issued.

annual_report

5884

As previously disclosed, the Civil Division of the United States Department of Justice provided us with an information request in December 2014, concerning our Medicare Part C risk adjustment practices. The request relates to our oversight and submission of risk adjustment data generated by providers in our Medicare Advantage network, as well as to our business and compliance practices related to risk adjustment data generated by our providers and by us, including medical record reviews conducted as part of our data and payment accuracy compliance efforts, the use of health and well-being assessments, and our fraud detection efforts. We believe that this request for information is in connection with a wider review of Medicare Risk Adjustment generally that includes a number of Medicare Advantage plans, providers and vendors. We continue to cooperate with the Department of Justice. These matters are expected to result in additional qui tam litigation.

10K

AssicurazioniGeneraliSpA-AR_2015

Finally, the percentage of the total administration costs related to insurance business to the average insurance provisions stayed substantially stable at 0.27%.

annual_report

5803

Premiums are earned ratably over the term of the policy whereas written premiums are reflected on the effective date of the policy.

10K

5643

using the net level premium method as prescribed by GAAP. In applying this method, we use, as applicable by product type, morbidity and mortality incidence rate assumptions, claim resolution rate assumptions, and policy persistency assumptions, among others, to determine our expected future claim payments and expected future premium income. We then apply an interest, or discount, rate to determine the present value of the expected future claims and claim expenses we will pay and the expected future premiums we will receive, with a provision for profit allowed.

10K

AdmiralGroupPLC-AR_2019

The best three players from each country were invited to Lille to play a tournament against their rivals. This was a great opportunity to build team spirit and spend time with colleagues in the other operations.

annual_report

NatixisSA-AR_2019

Overall par value ceiling.(a) For executive corporate officers.(b) Amount deducted from the overall ceiling set in resolution No. 27 of the General Shareholders’ Meeting of May 28, 2019 (€1.5 billion).(c) Amount deducted from the overall ceiling set in resolution No. 27 of the General Shareholders’ Meeting of May 28, 2019 (€1.5 billion) and the ceiling decided in (d) resolution No. 28 of said General Shareholders’ Meeting (€500 million). The issue of shares may not exceed the limits specified by the applicable legislation at the date of the issue (currently 20% of share capital per year). Amount deducted from the ceiling set in resolution No. 27 of the General Shareholders’ Meeting of May 28, 2019 (€1.5 billion). For each issue, ceiling equal to (e) the limit provided for under regulations in force on the issue date (currently, 15% of the initial issue).

annual_report

5034

The availability of letters of credit under the Syndicated Secured Facility is subject to a borrowing base requirement, determined on the basis of specified percentages of the face value of eligible categories of assets varying by type of collateral. In the event that such credit support is insufficient, the Company could be required to provide alternative security to cedants. This could take the form of insurance trusts supported by the investment portfolio or funds withheld (amounts retained by ceding companies to collateralize loss or premium reserves) using the Company's cash resources or combinations thereof. The face amount of letters of credit required is driven by, among other things, loss development of existing reserves, the payment pattern of such reserves, the expansion of business written by the Company and the loss experience of such business.

10K

3676

On July 7, 2006, the Company entered into a lease agreement with Radnor Properties-SDC, L.P. (the “Landlord”) for the lease of 7,414 square feet of office space located in Radnor Financial Center, Building B, 150 Radnor-Chester Road, Radnor, Pennsylvania. The term of the lease commenced on November 1, 2006, which was the date the Company, with the Landlord’s prior consent, assumed possession of the premises and the date the Landlord tendered possession of the premises to the Company following the substantial completion of the improvements required to be made by the Landlord under the lease agreement, and will expire on the last day of the 125 th month following the commencement of the lease term. The annual rent increases every 12 months, starting at approximately $161,592 plus a proportionate share of landlord’s building expenses after the second month and ending at approximately $258,378 plus a proportionate share of landlord’s building expenses. Under the terms of the lease agreement, rent is waived for the first five months of the lease term with respect to 5,238 square feet and for the first twelve months for the remaining 2,176 square feet. The Company recorded an expense charge and liability for deferred rent in the amount of $38,578 as of December 31, 2006.

10K

3553

Interest expense consists primarily of the interest expense related to the Deferrable Interest Debentures and the Junior Subordinated Deferrable Interest Notes that were issued by the Company in 2006 and 2007.

10K

RaiffeisenBankInternationalAG-AR_2006

In supporting strategic initiatives through continuing education measures, we have paid special attention to employees in retail business.

annual_report

StorebrandASA-AR_2007

Loans and receivables: Loans to and due from financial institutions, amortised cost 374.1 374.1 114.9 114.9 41.7 41.7

annual_report

4319

Operating income was $62.0 million and decreased $27.8 million, or 31.0%, for the year ended December 31, 2009, as compared to the year ended December 31, 2008. The decrease in operating earnings resulted from a decline in average account values. In addition, $1.9 million in other income was generated from the early retirement of funding agreements backing medium-term notes for the year ended December 31, 2009, as compared with $9.4 million for the year ended December 31, 2008. The operating spread remained flat at 147 basis points during the year ended December 31, 2009, as compared to the year ended December 31, 2008.

10K

4064

Personal Lines’ net premiums written decreased $11.8 million, or 0.8%, to $1,472.2 million for the year ended December 31, 2009. The most significant factor contributing to lower net premiums written was a decrease in average premium size driven by changes in our premium mix toward what we expect to be more desirable account business that tends to have lower premium per policy commensurate with its better risk profile. Additionally, a decrease in premium from the Massachusetts Commonwealth Automobile Reinsurers (“CAR”) pool and increased reinsurance costs contributed to the decrease in net premiums written. The decrease in CAR related premium followed the introduction, in April 2008, of “managed competition” in Massachusetts, which restructured the private passenger automobile insurance market in the state and resulted in reduced premiums from the involuntary market. These decreases were partially offset by increases in net premiums written in our targeted growth states.

10K

5516

The expense ratio (net earned premiums) decreased primarily from a review of our premium earnings pattern, which decreased earned premiums by $468 million and decreased amortization of DAC by $18 million (see “-Critical Accounting Estimates” for additional information). These adjustments reduced the expense ratio (net earned premiums) by 98% in 2017.

10K

4475

In 2011, premium growth occurred in all classes of our commercial insurance business. This premium growth reflected higher rates, new business opportunities and slightly higher amounts of audit and endorsement premiums in a market that continued to be highly competitive. In 2011, there was improvement in the overall rate environment, particularly in the United States, throughout the year. Average renewal rates in the United States increased over those in 2010 for all major classes of our commercial business. In 2011, the average renewal exposure change was flat in the United States and up slightly outside the United States, an improvement from 2010. Growth in our commercial classes in 2010 was limited by a very competitive marketplace and the restrained insurance purchasing demand of customers operating in weakened economies worldwide. Net premiums written in 2010 reflected slightly reduced exposures on renewal business in the United States due to the continuing effects of the weak economy, although the effect on renewal exposures progressively lessened throughout the year. On average, renewal rates in the United States for most classes of commercial insurance business were about flat in 2010 compared with 2009. Premium growth in both 2011 and 2010 in our commercial insurance business benefited slightly from the impact of currency fluctuation on business written outside the United States.

10K

1964

The following table summarizes the composition of the fixed maturity securities by category as of December 31, 2002 and 2001:

10K

INGGroepNV-AR_2020

Furthermore, as in previous years, the Supervisory Board conducted its annual self-evaluation over the reporting year, facilitated by an independent external party and with input from several executives and senior managers who regularly interact with the Supervisory Board and attend Supervisory Board meetings. The self-assessment specifically addressed the ‘what’ (roles and responsibilities) and the

annual_report

5077

In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. The following table sets forth the composition of repurchase agreements as of the date indicated.

10K

856

The Company's expenses are comprised of its cost of services (consisting primarily of compensation of personnel, including nurses and physicians, telephone expenses, rent, costs related to the Company's computer operations, costs related to customer service, and costs related to development of new services), selling and marketing expenses (including sales commissions, advertising, and account management personnel), general and administration expenses (including bad debts and compensation of personnel in the corporate finance, human resources, and general administration departments) and depreciation and amortization (primarily capitalized leased equipment and software costs).

10K

2879

Other income for the years ended December 31, 2005, 2004 and 2003 includes interest income, net of fees, of approximately $59.8 million, $44.1 million and $40.2 million, respectively.

10K

1657

$622,000 and $191,000 for the years ended December 31, 2001, 2000 and 1999,

10K

5147

As of December 31, 2015, approximately 1,250 of our pending claims have been reported to the MCCA, of which approximately 65% represents claims that occurred more than 5 years ago. There are 68 Allstate brand claims with reserves in excess of $15 million as of December 31, 2015 which comprise approximately 40% of the gross ending reserves in the table above. As a result, significant developments with a single claimant can result in volatility in prior year incurred claims.

10K

gb_lloyds_banking_grp-AR_2015

Loans and advances to banks 25,117 – 3,385 21,732 Interest rate

annual_report

4561

Although minimum required levels of equity are largely based on premium volume, product mix, and the quality of assets held, minimum requirements vary significantly at the state level. Our state regulated subsidiaries had aggregate statutory capital and surplus of approximately $5.1 billion and $4.7 billion as of December 31, 2012 and 2011, respectively, which exceeded aggregate minimum regulatory requirements. Excluding Puerto Rico subsidiaries, the amount of ordinary dividends that may be paid to our parent company in 2013 is approximately $911 million in the aggregate. This compares to ordinary dividends that were able to be paid in 2012 of approximately $860 million.

10K

LloydsBankingGroupPLC-AR_2020

Monitoring Monitoring and reporting of operational risk is undertaken at Board, Group, entity and divisional committees. Each committee monitors key risks, control effectiveness, key risk and control indicators, events, operational losses, risk appetite metrics and the results of independent testing conducted by the Risk Division and/or Group Internal Audit.

annual_report

TopdanmarkAS-AR_2015

Efficient management of claims incurred Topdanmark is continuously focusing on making its claims handling processes more efficient under the following three main headings: • Promptness. • Better replacement purchasing power. • Quality.

annual_report

4555

In the ordinary course of business, we are involved in various pending and threatened litigation matters related to our title operations, some of which include claims for punitive or exemplary damages. This customary litigation includes but is not limited to a wide variety of cases arising out of or related to title and escrow claims, for which we make provisions through our loss reserves. Additionally, like other insurance companies, our ordinary course litigation includes a number of class action and purported class action lawsuits, which make allegations related to aspects of our insurance operations. We believe that no actions depart from customary litigation incidental to our insurance business.

10K

RSAInsuranceGroupPLC-AR_2013

Vanessa took up the role of Group Human Resources Director in September 2011. She joined RSA in 2005 as Human Resources Business Partner Director in the UK, and has worked in a variety of roles across the Group. In 2006 she was promoted to Human Resources Director for the Emerging Markets Region. In 2008, she was promoted again to the role of UK Human Resources Director. Prior to working at RSA, Vanessa was HR Director – Global Retail at Lego and before that Head of HR for Gap, the international clothing retailer.

annual_report

BeazleyPLC-AR_2017

• oversight of the internal model: The committee and the risk committees of the subsidiary boards have reviewed regular reports associated with the internal model. These have included a standing report on internal model output, and a validation report featuring both internal and independent validation and themed reviews, for example, on the approach used to aggregate risk in individual entities which consolidate up to the group level. These assessments have supported the boards’ use of the internal model; and

annual_report

SwissReAG-AR_2020

Net gain/loss 832 297 23 1 152 Prior service cost/credit –70 2 –35 –103

annual_report

AegonNV-AR_2000

Time was also devoted to the integration of the acquisitions, made in 1999 in the United States (Transamerica), the United Kingdom (Guardian) and Spain (Covadonga) as well as to the divestiture of Labouchere and various non-core activities. The Executive Board’s decision to retain the non-insurance business of Transamerica was discussed and approved during an extra meeting, after careful evaluation of the alternatives.

annual_report

CNPAssurancesSA-AR_2016

Given our high-quality results and the ambitions we have based on our strategy, we have raised our EBIT target for 2018. We are thus stating our ambitions at a time of rapid and far-reaching changes in the insurance sector, with the confidence that comes from our history and our culture.

annual_report

3840

In general, our available-for-sale securities are classified as current assets without regard to the securities’ contractual maturity dates because they may be readily liquidated. During 2008, our auction rate securities were classified as non-current assets. During the fourth quarter of 2008, certain auction rate securities were designated as trading securities. For comprehensive discussions of the fair value and classification of our current and non-current investments, including auction rate securities, see Note 4, “Fair Value Measurements,” and Note 5, “Investments.”

10K

NatixisSA-AR_2009

In each region, Caisse d’Epargne provides protected people, their families and their trustees with dedicated teams, an offering designed for them and an Internet-based management service, Webprotexion, which facilitates the task of professional or family legal representatives.

annual_report

5059

The average fee per file in our direct operations was $2,065 in the year ended December 31, 2015, compared to $2,014 in the year ended December 31, 2014. The increase in average fee per file reflects an increase in commercial transactions which have a higher fee per file and an increase in residential purchase transactions overall, offset by a higher proportion of refinance to purchase transactions from our residential title revenue. The fee per file tends to change as the mix of refinance and purchase transactions changes, because purchase transactions involve the issuance of both a lender’s policy and an owner’s policy, resulting in higher fees, whereas refinance transactions only require a lender’s policy, resulting in lower fees.

10K

3165

Effective October 1, 2005, the Company entered into an agreement to reinsure, on a 75% quota share basis, its long-term care insurance policies issued between October 1, 2005 and September 30, 2006 with Imagine International Reinsurance Limited (the “2005 Imagine Agreement”). This agreement has been extended through September 30, 2008. This agreement does not qualify for reinsurance treatment in accordance with GAAP because it does not result in the reasonable probability that the reinsurer may realize a significant loss. This is due to a number of factors related to the agreement, including an experience refund provision, expense and risk charges due to the reinsurer that escalate over the life of the agreement and an aggregate limit of liability. Therefore, the agreement is being accounted for in accordance with deposit accounting for reinsurance contracts. However, the agreement meets the requirements to qualify for reinsurance treatment under statutory accounting rules, which requires a reinsurance agreement to transfer risk to the reinsurer, but does not require the reasonable probability of a significant loss required under GAAP.

10K

4318

Net premiums earned are up $2.0 million for the year ended 2010 as compared to the year ended 2009 due to higher net written premiums offset by greater change in net unearned premiums. Net investment income increased $1.2 million for the year ended 2010 as compared to the year ended 2009 due to higher yields on the cash held at the parent (HTH).

10K

gb_prudential-AR_2011

This review gives an overview of our activities and progress. Prudential also publishes an annual CR report which is available online at www.prudential.co.uk

annual_report

StorebrandASA-AR_2018

19. Leasing A lease is classified as a finance lease if it mainly transfers the risk and rewards incident to ownership. Other leases are classified as operating leases. Storebrand has no financial lease agreements.

annual_report

NatixisSA-AR_2020

Volume of shares actually used to achieve the objective pursued (liquidity contract – purchases + disposals) 104,655,186

annual_report

4513

The vast majority of the Company’s fixed maturities have been classified as Level 2 measurements. To make this assessment, the Company determines whether the market for a security is active and if significant pricing inputs are observable. The Company predominantly utilizes third party independent pricing services to assist management in determining the fair value of its fixed maturity securities. As of December 31, 2011 and 2010, respectively, pricing services provided prices for 95.9% and 95.6% of the Company’s fixed maturities.

10K

5128

As of December 31, 2015, we had $2.6 billion of federal NOLs. The following table summarizes the expiration dates of our loss carryforwards assuming the IRS ultimately agrees with the position we have taken with respect to the loss on our investment in Conseco Senior Health Insurance Company ("CSHI") and other uncertain tax positions (dollars in millions):

10K

HannoverRueckSE-AR_2009

We expanded our Investor Relations activities in the year under review in order to counter the uncertainty among market players about Hannover Re's further development.

annual_report

fr_axa-AR_2011

Pledged securities and collaterized commitments received totaled €32,530 million at the end of 2011, and mainly consisted in: ■ mortgage security collateral taken for loans totaled €19,830 million, mainly from AXA Bank Europe (€15,715 million) and

annual_report

4624

Realized gains and losses on the sale of investments are determined on the basis of the cost of the specific investments sold. Proceeds from the sale of AFS securities were $205.3 million in 2012, $206.5 million during 2011, and $288.5 million during 2010. Net realized gains in 2012, excluding OTTI charges, were driven by: (i) calls and maturities; and (ii) the sale of AFS equity securities related to reallocations within the high-dividend yield portfolio.

10K

3607

Based on the fair values of Property & Casualty’s non-U.S. dollar denominated securities and derivative instruments as of December 31, 2007 and 2006, management estimates that a 10% unfavorable change in exchange rates would decrease the fair values by an after-tax total of approximately $37 and $34, respectively. The estimated impact was based upon a 10% change in December 31 spot rates. The selection of the 10% unfavorable change was made only for illustration of the potential hypothetical impact of such an event and should not be construed as a prediction of future market events. Actual results could differ materially from those illustrated above due to the nature of the estimates and assumptions used in the above analysis.

10K

NatwestGroupPLC-AR_2014

RFB to operate independently from the NRFB and an entirely new corporate governance structure will need to be put in place by the

annual_report