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StorebrandASA-AR_2011

Profit and loss account Storebrand Group 1 January – 31 December

annual_report

2392

Net premiums written in personal lines operations for 2004 and 2003 include $359 million and $159 million, respectively, from the domestic insurance operations of GE that were acquired in August 2003. The increase in net premiums written apart from this acquisition resulted from increased marketing efforts as well as rate increases in several states. The underwriting profit in 2003 resulted from premium rate increases and growth in net premiums written and earned. Underwriting profits are expected to continue to improve in 2005 as a result of continued marketing efforts and loss cost stabilization.

10K

DirectLineInsuranceGroupPLC-AR_2020

– Our NPS scores measure the likelihood of our customers to recommend one of our brands and showed strong year-on-year performance, exceeding target and achieving top-quartile performance in a range of independent benchmarking studies.

annual_report

5346

During 2016 and 2014 there were no claims that exceeded our $1.5 million reinsurance retention level. During 2015, there were two claims that exceeded our $1.5 million surety excess of loss reinsurance retention level.

10K

de_allianz-AR_2013

liMitations Our internal risk capital model expresses the potential “worst-case” amount in economic value that we might lose at a certain confidence level. However, there is a statistically low probability of 0.5 % that actual losses could exceed this threshold at Group level in the course of one year.

annual_report

3578

The overall increase in physician premiums reflects additional premiums from the PIC Wisconsin and NCRIC acquisitions offset by a decrease in premiums written in our organic book of business. The decline in physician premiums in our organic book of business is attributable to several factors. In 2006, our rate increases were not at a level that would offset the effects of lost business. Loss costs have moderated somewhat and, as a result, we have implemented smaller rate increases than in prior years and have held rates constant or lowered rates in some markets.

10K

StandardLifeAberdeenPLC-AR_2016

Other information Under Listing Rule 9.8.4.CR, a listed company must include all information required by LR 9.8.4R in a single identifiable location or cross-reference table. For the purposes of LR 9.8.4CR, the information required to be disclosed can be found in the following locations. All the relevant information cross-referenced below is hereby incorporated by reference into this Directors’ report.

annual_report

4523

Our balance sheet is stronger as a result of the issuance of unsecured notes and the monetization of non-core assets.

10K

208

Consolidated Income Statement: Years Ended December 31, 1995, 1994 and 1993

10K

260

Income from continuing operations before cumulative effect of change in accounting principle 255,313 229,896 209,561

10K

AvivaPLC-AR_2011

Products We provide a wide range of general insurance products focused on personal and commercial customers with a business mix of approximately 60% personal lines and 40% commercial lines. Our products include personal motor, home, travel, payment protection, commercial motor, commercial property and commercial liability insurance. Our personal motor insurance product range includes cover for cars, motorcycles and vans. For businesses we offer cover for fleets and commercial vehicles. Our home insurance products include building and contents insurance and home emergency cover. We also offer single trip and annual travel insurance. Our commercial products focus on insurance for SMEs and the larger UK CSR market.

annual_report

2109

Under Statement 4, all gains and losses from extinguishment of debt were required to be aggregated, and, if material, classified as an extraordinary item, net of related income tax effect. Statement 145 eliminates Statement 4 and as a result, gains and losses from extinguishment of debt should be classified as extraordinary items only if they meet certain criteria as outlined in Opinion 30. Applying the provisions of Opinion 30 will distinguish transactions that are part of an entity's recurring operations from those that are unusual or infrequent or that meet the criteria for classification as an extraordinary item. Statement 64 amended Statement 4 and is no longer necessary because Statement 4 has been rescinded. Statement 44 was issued to establish accounting requirements for the effects of transition to the provisions of the Motor Carrier Act of 1980. Those transitions are completed; therefore, Statement 44 is no longer necessary. Statement 145 also amends Statement 13 to require sale-leaseback accounting for certain lease modifications that have economic effects that are similar to sale-leaseback transactions. Statement 145 also makes various technical corrections to existing pronouncements, none of which are substantive in nature. Statement 145 is required for fiscal years beginning after May 15, 2002, with early application encouraged. The adoption of Statement 145 did not affect the Company's financial position or results of operations since the Company has had no transactions of the aforementioned kind, during the reporting period.

10K

AvivaPLC-AR_2020

During 2020 AI continued to enhance their responsible investment processes. This work has included: • Targeting £10 billion of investments into UK infrastructure and real estate projects over the next three years, as pension funds and insurers continue to increase their appetite for such investments.

annual_report

1353

- generating cash flow from the water rights in Arizona, Nevada and Colorado through pursuing lease agreements or the sale of non-strategic assets; - completing permitting and construction of the MBT Ranch Storage facility and entering into agreements to lease storage capacity to customers; - leasing storage capacity to customers at Semitropic; and - pursuing present and additional water rights applications and partnerships to commercially develop water rights.

10K

HiscoxLtd-AR_2005

Income statement (charge)/credit: 973 (12,872) 4,107 (2,018) Transfer from deferred tax to current tax (3,599) – – – Released from reserves 1,950 – – –

annual_report

3369

Foreign currency swaps are used by the Company to reduce the risk from fluctuations in foreign currency exchange rates associated with its assets and liabilities denominated in foreign currencies. In a foreign currency swap transaction, the Company agrees with another party to exchange, at specified intervals, the difference between one currency and another at a forward exchange rate calculated by reference to an agreed upon principal amount. The principal amount of each currency is exchanged at the inception and termination of the currency swap by each party. The Company also uses foreign currency swaps to hedge the foreign currency risk associated with certain of its net investments in foreign operations.

10K

5406

Management has determined that the appropriate level of disaggregation for the incurred and paid claims development information best falls into six categories within its two operating segments. This level of disaggregation is consistent with the Company's historical disclosure levels and provides groupings of the Company's insurance and reinsurance businesses of a credible size and with similar claim development characteristics, particularly payment patterns. It should be noted that when estimating IBNR reserves, the Company's Insurance and Reinsurance segments segregate business into exposure classes and a large number of classes are reviewed in total based on coverage, region and policy and loss emergence characteristics. Furthermore, large losses and catastrophe events are evaluated separately.

10K

INGGroepNV-AR_2020

• We are subject to additional legal and regulatory risk in certain countries where we operate with less developed or predictable legal and regulatory frameworks.

annual_report

de_allianz-AR_2008

Reserves for insurance and investment contracts include aggregate policy reserves, reserves for premium refunds and other insurance reserves.

annual_report

INGGroepNV-AR_2018

Cash advances, overdrafts and other balances 1 1 3 3 3 4

annual_report

2913

The adoption of SOP 03-1 resulted in a change in liabilities associated with the market value adjustment feature that are now reported at the accrued account balance. Prior to the adoption of SOP 03-1, such liabilities had been reported at market adjusted value.

10K

ASRNederlandNV-AR_2011

Transaction date The date at which ASR Nederland enters into the contractual terms of an instrument.

annual_report

5641

example, for hurricanes and other severe wind storms, complications often include the inability of insureds to promptly report losses, delays in the ability of claims adjusting staff to inspect losses, difficulties in determining whether losses are covered by our homeowners policy (generally for damage caused by wind or wind driven rain) or are specifically excluded from coverage caused by flood, and challenges in estimating additional living expenses, assessing the impact of demand surge, exposure to mold damage, and the effects of numerous other considerations. Another example is the complication of estimating the cost of business interruption coverage on commercial lines policies. Estimates for catastrophes which occur at or near the end of a financial reporting period may be even less reliable since we will have less claims data available and little time to complete our estimation process. In such situations, we may adapt our practices to accommodate the circumstances.

10K

5341

General: CNO is the top tier holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. We distribute these products through our Bankers Life segment, which utilizes a career agency force, through our Washington National segment, which utilizes independent producers and through our Colonial Penn segment, which utilizes direct response marketing. In the fourth quarter of 2016, we began reporting as an additional business segment, the long-term care block recaptured from BRe as further described in "Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations - Consolidated Financial Condition - Termination of Long-Term Care Reinsurance Agreements and Recapture of Related Long-Term Care Business in Run-off".

10K

RSAInsuranceGroupPLC-AR_2011

Changes in shareholders’ interests in subsidiaries – – – – – – – (24) (24) 3 (21)

annual_report

MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005

The following are examples of currently relevant legal risks: – In the pending preliminary antitrust proceedings against victoria Versicherung ag, the Federal Cartel Office imposed a fine in March 2005 for alleged collusion in restraint of competition in industrial insurance business. A fine was also imposed on nine other industrial insurers. victoria Versicherung ag has lodged an appeal, which has a suspensive effect. The Düsseldorf regional appeal court will rule on the appeal.

annual_report

1728

The company establishes and maintains reserves on contingent liabilities. In many instances, however, it is not feasible to predict the ultimate outcome with any degree of accuracy. While a resolution of these matters may significantly impact consolidated earnings and the Companys consolidated financial position, it remains managements opinion, based on information presently available, that the ultimate resolution of these matters will not have a material impact on the Companys consolidated financial position. However, it should be noted that instances of class action lawsuits against insurance companies appear to be increasing in several states in which insurance subsidiaries of the company operate.

10K

5422

Cash provided by investing activities in 2016 primarily related to net proceeds from available-for-sale securities of $2.7 billion, partially offset by net payments for short-term investments of $1.4 billion. Cash provided by investing activities in 2015 primarily relates to net proceeds from

10K

HelvetiaHoldingAG-AR_2016

In the reporting period, MoneyPark contributed an expense of CHF 1.1 million to the Group’s results. This relates to writedowns on intangible assets capitalised as part of the acquisition.

annual_report

5852

(1)Transfers into/out of the Level 3 classification are reflected at beginning-of-period fair values.

10K

4701

On July 12, 2013, UPCIC entered into a lease agreement for an office building containing 29,018 square feet adjacent to our headquarters in Fort Lauderdale, Florida. We expect to use this property for additional office and storage space. UPCIC took possession of the office building and began making monthly rental payments in October 2013. Also on July 12, 2013, UPCIC entered into a purchase agreement to acquire this property. The closing for the sale of the property is subject to certain closing conditions and will take place no later than February 5, 2015. UPCIC will receive a credit toward the purchase price of the property for a portion of the rent it pays under the lease agreement.

10K

2835

The Personal Lines combined ratio for 2005 decreased 18.1 points over the same period last year, as all components of the combined ratio saw improvements. The loss and LAE ratios improved 14.0 points over 2004 resulting from lower catastrophe losses, favorable development on prior years' reserves and favorable claim frequency trends. The 2005 loss ratio included 1.5 points related to catastrophe losses verses 4.9 points and 4.8

10K

5942

•“Summary of Critical Accounting Estimates” explains the most critical estimates and judgments applied in determining our GAAP results.

10K

2358

• Call or maturity of fixed maturity investments. Calls of U.S. agency paper in 2004 and 2003 were the primary reason for the increase in calls and maturities of fixed maturity investments. The company has purchased U.S. agency paper with higher coupons and shorter call protection features.

10K

3514

In October 2007, we were awarded the Department of Veterans Affairs first specialty network demonstration project, known as Project HERO (Healthcare Effectiveness through Resource Optimization), to support healthcare delivery to veterans. The contract is comprised of one base period and four one-year option periods subject to annual renewals at the federal government’s option, with services beginning January 1, 2008.

10K

5513

Our IIF increased 7.6% in 2018 and we expect our IIF to increase in 2019. Our book of IIF is the main driver of our revenues and earnings, and its growth is driven by our ability to generate NIW and retain existing policies in force, as measured by our persistency. Interest rates influence both our NIW and persistency. In a rising rate environment, total mortgage originations may decline, however, we would also expect policy cancellation rates to decline, and in turn increase persistency, although the impact generally lags the change in interest rates.

10K

StandardLifeAberdeenPLC-AR_2014

The principal assumptions, as set at the start of the year, in respect of gross investment returns underlying the calculation of the expected investment return for equity securities and property are as follows: 2014 2013 UK Canada UK Canada % % % %

annual_report

BaloiseHoldingLtd-AR_2016

Profit targets for individual business units that factor in their specific risk situation are a major aspect of this risk management system� These targets form part of the overall objectives agreed with local management teams�

annual_report

1889

Employee Stock Ownership Component - We maintain an ESOP for our qualified employees. Our contributions are discretionary. We may contribute cash or shares of our common stock. No expense was recorded in 2002, 2001 or 2000.

10K

5431

The following table sets forth our direct premiums by state from our domestic business for the periods indicated.

10K

5571

Includes $169 million and $374 million at December 31, 2018 and 2017, respectively, of short-term debt related to repurchase agreements, secured by assets of subsidiaries.

10K

AvivaPLC-AR_2019

Political donations Aviva did not make any political donations during 2019.

annual_report

2405

delegate regulatory, supervisory and administrative authority to state insurance departments. This system of regulation covers, among other things:

10K

5602

Variable annuity product design is the first step in managing our exposure to these market risks. Risk mitigation features of our variable annuity product design include GLB rider fees indexed to an equity market volatility index, which can provide additional fee assessments in periods of increased market volatility, required minimum allocations to fixed accounts to reduce overall equity exposure, and for some of the variable annuity products, the utilization of volatility control funds, which reduce equity exposure in the funds in response to changes in market volatility, even under sudden or extreme market movements.

10K

HannoverRueckSE-AR_2004

Hannover Life Re International has operated as a specialist reinsurer of deferred annuity programmes for more than ten years

annual_report

4753

The following table presents the Company’s unrealized loss aging for AFS securities continuously depressed over 20% by length of time (included in the table above).

10K

PosteItalianeSpA-AR_2019

It is the most modern and largest logistics facility in the country and one of the most environmentally advanced. In fact, photovoltaic panels covering an area of 5,500 square meters have been installed on the roof of the system and generate more electricity than its daytime energy needs

annual_report

2570

Issuance of common stock through follow-on stock offering ....... 34,890,085 - - Dividends paid to public stockholders ................... (1,941,181) (1,350,736) (1,405,064) ------------ ------------ ------------ Net cash provided by (used in) financing activities 28,895,003 (5,434,274) 5,498,345 ------------ ------------ ------------ Net increase (decrease) in cash .... 14,130,190 (13,950,005) (677,170) Cash at beginning of year .......... (14,069,102) (119,097) 558,073 ------------ ------------ ------------ Cash at end of year ................ $ 61,088 $(14,069,102) $ (119,097) ============ ============ ============ Income taxes paid .................. $ 10,957,163 $ 5,400,010 $ 4,755,010 Interest paid ...................... $ 884,310 $ 615,709 $ 19,232

10K

2845

As of December 31, 2005, the Group was party to interest-rate swap agreements with an aggregate notional principal amount of $28,000. For the year ending December 31, 2005, the Group’s net unrealized gain on the interest rate swap agreements recognized in the consolidated statement of earnings was $122.

10K

5053

As of December 31, 2015 (Successor Company), the Company had a total of 2,548 positions that were in an unrealized loss position, but the Company does not consider these unrealized loss positions to be other-than-temporary. This is based on the aggregate factors discussed previously and because the Company has the ability and intent to hold these investments until the fair values recover, and the Company does not intend to sell or expect to be required to sell the securities before recovering the Company’s amortized cost of the securities.

10K

NatixisSA-AR_2006

Right of pre-emption in the event of non-renewal of the stability period

annual_report

gb_prudential-AR_2015

Notes (i) Assets carried at cost or amortised cost are subject to impairment testing where appropriate under IFRS requirements. This category also includes assets which

annual_report

4440

In 2011, the global insurance and reinsurance markets experienced significant losses from natural catastrophes, including the 2011 flooding events in Australia (the “Australia floods”), the earthquake that struck Christchurch, New Zealand on February 22, 2011 (the “New Zealand earthquake”), the March 11, 2011 earthquake and tsunami in Japan (the “Japan earthquake and tsunami”), the severe weather occurrences, including tornado activity, in the United States over the periods April 22-28 and May 20-23, 2011 (the “U.S. Storms”), third quarter Atlantic storm activity, particularly Hurricane Irene and Tropical Storm Lee (the “Atlantic Hurricanes”) and the widespread flooding in Thailand that reached its highest point during the fourth quarter (the “Thailand floods”). See “Significant Items Affecting Results of Operations - 1) The impact of significant large natural catastrophe activity” below for a discussion of the Company’s loss estimates for the three months and year ended December 31, 2011 from natural catastrophes.

10K

463

An affiliate of Cross Country purchased, for approximately $2.75 million, the $5.2 million judgment obtained by Acceleration (the "Judgment"). The purchase price of the judgment reflected a $1.4 million payment previously made by the Company. The Cross Country affiliate also agreed, under certain conditions, to take no action to collect on the Judgment before January 31, 1997.

10K

2796

As we look ahead to 2006, the announced merger with Jefferson-Pilot provides us with new opportunities and challenges. We expect to align the combined business to enhance our focus on the employer-sponsored retirement market and will realign our segments to reflect the new management structure for the employer-sponsored and retail markets. A primary goal for 2006 is the timely completion of the merger as well as the subsequent successful integration of the two businesses, while at the same time maintaining our focus on providing quality products and expanding our distribution capabilities.

10K

fr_axa-AR_2010

Grant date (Board of Directors or Management Board) 31/03/2006 25/09/2006 25/09/2006 13/11/2006

annual_report

5359

(Loss) from investment affiliates for the year ended December 31, 2016 was $(2.1) million compared to income of $4.3 million for the year ended December 31, 2015.

10K

4230

The Company occupies leased office space in many locations under various long-term leases and has entered into numerous leases covering the long-term use of computers and other equipment. Rental expense, net of sub-lease income, incurred for the years ended December 31, 2010, 2009 and 2008 was $230 million, $231 million and $191 million, respectively.

10K

NNGroupNV-AR_2018

Where we stand We exceeded our target to have 30% women in senior management positions by 2020. We will continue to strengthen our efforts in this area.

annual_report

de_allianz-AR_2014

− realized capital gains and losses (net) or impairments of investments (net), as the timing of sales that would result in such realized gains or losses is largely at the discretion of the Allianz Group and impairments are largely dependent on market cycles or issuer-specific events over which the Allianz Group has little or no control and which can vary, sometimes materially, through time,

annual_report

PowszechnyZakladUbezpieczenSA-AR_2016

• review of interim separate financial statements of PZU and of interim consolidated financial statements of PZU Group.

annual_report

BeazleyPLC-AR_2020

Find out more in the Chief Executive’s statement on pages 10 to 14

annual_report

RaiffeisenBankInternationalAG-AR_2020

Raiffeisen Bank International AG, Vienna, and its subsidiaries (“the Group”), which comprise the consolidated statement of financial position as at 31 December 2020, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and the notes to the consolidated financial statements.

annual_report

gb_prudential-AR_2014

ack gro u n d an d acco u n tin g p o licies 135 Prudential plc Annual Report 2014

annual_report

4376

The valuation of goodwill and intangible assets at acquisition requires assumptions regarding estimated discounted cash flows and market analyses. These assumptions contain uncertainties because they require management to use judgment in selecting the assumptions and applying the market analyses to the individual acquisitions. Additionally, impairment evaluations require management to use judgment to determine if impairment of goodwill and intangible assets is apparent. We have applied a consistent methodology in both the original valuation and subsequent impairment evaluations for all goodwill and intangible assets. We do not anticipate any changes to that methodology, nor has any impairment loss resulted from our analyses for the years ended December 31, 2011, 2010 and 2009, respectively. Based on our analysis, we have concluded that a significant margin of fair value in excess of the carrying value of goodwill and other intangibles exists as of December 31, 2011. If the assumptions used to evaluate the value of goodwill and intangible assets change in the future, an impairment loss may be recorded and it could be material to our results of operations in the period in which the impairment loss occurs.

10K

NatwestGroupPLC-AR_2013

The Group Sustainability Committee is responsible for overseeing and challenging how management is addressing sustainability and reputation issues relating to all stakeholder groups and reports to the Board. For more information on the Committee, see pages 64 and 65.

annual_report

5675

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326). This update replaces the incurred loss impairment methodology for recognizing credit losses on financial instruments with a methodology that reflects an entity's current estimate of all expected credit losses. This update requires financial assets (including receivables and reinsurance recoverables) measured at amortized cost to be presented net of an allowance for credit losses. Additionally, this update requires credit losses on available-for-sale fixed maturity securities to be presented as an allowance rather than as a write-down, allowing an entity to also record reversals of credit losses in current period net income. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Additionally, in December 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. This update provides clarification on the effective and transition dates and the exclusion of operating lease receivables from Topic 326. In May 2019, the FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief. This update adds optional transition relief for entities to elect the fair value option for certain financial assets previously measured at amortized cost basis to increase comparability of similar financial assets. In December 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments - Credit Losses which provides clarification on certain aspects of the guidance in ASC 326 including purchased credit-deteriorated (PCD) financial assets, transition relief for troubled debt restructurings, disclosure relief for accrued interest receivables and allows a practical expedient for financial assets secured by collateral maintenance provisions. Upon adoption of this ASU, the Company will use the Ratings Based Method based on the A.M. Best Average Cumulative Net Impairment Rates in developing the expected credit allowance on reinsurance recoverables. The Company estimates the total impact to allowances for credit losses on all financial instruments, including premiums receivable, reinsurance recoverables, and investments will be immaterial to its consolidated financial condition and results of operations.

10K

ASRNederlandNV-AR_2011

Risk Strategy & Policy Risk Strategy & Policy is responsible for developing and implementing the ERM framework. Furthermore, it is responsible for managing operational risks. The ASR ERM approach involves the further development of ASR’s risk management culture, risk strategy and the related risk preferences, transparent risk governance, model governance, risk policies, classification of risk types, advising on value management and the internal control system. Risk Strategy & Policy is responsible for ASR’s ORSA process (including the risk self-assessments), which will be mandatory under Solvency ll.

annual_report

3738

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements-An Amendment of ARB No. 51,or SFAS 160. SFAS 160 requires a noncontrolling interest in a subsidiary to be reported as equity and the amount of consolidated net income specifically attributable to the Noncontrolling interest to be identified in the consolidated financial statements. SFAS 160 also calls for consistency in the manner of reporting changes in the parent's ownership interest and requires fair value measurement of any noncontrolling equity investment retained in a deconsolidation. SFAS 160 is effective on January 1, 2009. We do not believe SFAS 160 will have a material impact on our consolidated financial statements.

10K

de_allianz-AR_2017

The reserves for loss and loss adjustment expenses are divided into case reserves for reported claims as at the reporting date and reserves for incurred but not reported losses (IBNR) as at the reporting date. The case reserves for reported claims are based on the estimates for future claims expenditures, including loss adjustment expenses relating to such claims and are recognised on the basis of an expected value. These are based on actuarial and statistical methods, using judgment of claims personnel.

annual_report

fr_axa-AR_2017

The breakdown of the Group’s Life & Savings technical insurance reserves by product type was as follows: ■ 20% at the end of 2017 (19% at the end of 2016) of the Group’s Life & Savings technical reserves cover separate-account (Unit-Linked) products that do not materially aff ect AXA’s risk exposure. On these products, the underlying financial market performance is mostly passed on to the policyholders. This category also includes products that may provide a standalone guarantee on invested capital in the event of death. Overall, they present only a limited market risk for the Group through reduction of shareholders’ value; ■ 12% at the end of 2017 (12% at the end of 2016) of the Group’s Life & Savings technical reserves cover separate-account products with related interest-rate or equity guarantees provided by the insurance companies, called Variable Annuities.

annual_report

NatwestGroupPLC-AR_2007

Net cash flows from investing activities 15,999 6,645 (2,612) (18,035) (550) (2,115)

annual_report

5838

The following tables provide the carrying value and estimated fair value of our financial instruments that are carried on the accompanying Consolidated Balance Sheets at amounts other than fair value, summarized according to the fair value hierarchy previously described.

10K

5247

Nodak Mutual’s combined ratio is the sum of the loss and LAE ratio and the expense ratio and measures its overall underwriting profit. If the combined ratio is below 100%, Nodak Mutual is making an underwriting profit. If its combined ratio is at or above 100%, it is not profitable without investment income and may not be profitable if investment income is insufficient.

10K

4776

On November 9, 2011, our Board declared a $0.05 per share dividend. We paid the $518,000 dividend on December 15, 2011, to stockholders of record on November 30, 2011.

10K

Sampoplc-AR_1999

ments. Be au c the re erve are entered a income, and revaluation transferred to reserve and valuation difference are reali ed partly to cover expen es, the deferred tax i not reali ed for thi pare.

annual_report

INGGroepNV-AR_2002

                   

annual_report

608

Reinsurance recoverables include ceded reserves for losses and loss adjustment expenses. Ceded unearned premiums of $912,039 and $1,083,877 at December 31, 1997 and 1996, respectively, are included in other assets. All reinsurance contracts maintained by the Company qualify as short-duration prospective contracts. A summary of reinsurance premiums written and earned is provided below:

10K

NatixisSA-AR_2005

Total capital managed by Natexis Private Equity amounted to B2.3 billion, including funds raised but not yet invested and unrealized capital gains, up 12% or B252 million compared with 2004. The proprietary portfolio accounted for 51 % of total capital managed. The total portfolio breaks down as follows: Expansion capital €666 millions (+3%)

annual_report

HelvetiaHoldingAG-AR_2011

3.7 Information and control tools The Board of Directors is kept up to date in a variety of ways concerning the activities of Helvetia, its course of business and trends in the market.

annual_report

NatwestGroupPLC-AR_2009

(Loss)/profit attributable to: Paid-in equity holders 92 57 60 — — —

annual_report

5661

Severity represents the total amount of claims paid including claim expenses divided by the related RIF on the loan at the time the claim is perfected, and is calculated including claims settled without payment.

10K

2710

The liability for losses and LAE decreased $28.4 million to $663.5 million as of December 31, 2005 from $635.1 million as of December 31, 2004. The decrease is primarily attributable to reductions in loss and LAE reserves on former fronting programs of approximately $13.0 million, all of which have been terminated and placed into run-off. Partially offsetting the decrease was growth in our core MPL insurance business. For additional information on our accounting policy for loss and LAE reserves, see the discussion under Critical Accounting Policies and Estimates and the discussion included in Item 8. Financial Statements and Supplementary Data, Note 6, Liability for Losses and LAE.

10K

SwissReAG-AR_1992

H.-K. Zulauf E. Baumann Members of Senior Management H. Arrenbrecht, M. Becker, H. Hefti, P Schranz, J. Thinnhof

annual_report

SwissReAG-AR_2006

Governance Risk and capital management a more detailed set of risk limits into their business, including stop loss triggers. CMA, for instance, uses a 10-day 99% VaR to limit and monitor its financial market risk on a daily basis. Group Credit & Financial Market Risk Guidelines define minimum standards for managing financial market risk; these are supplemented by Derivative Guidelines, Investment Guidelines and business-specific guidelines.

annual_report

fr_axa-AR_2011

AXA has put in place a comprehensive program coordinated by PBRC, (the Internal Financial Control (IFC) programme), designed to ensure that AXA’s Chief Executive Offi cer and

annual_report

BeazleyPLC-AR_2015

Going concern and viability statement A review of the financial performance of the group is set out on pages 38 to 48. The financial position of the group, its cash flows and borrowing facilities are included therein.

annual_report

AegonNV-AR_2014

Business unit Chief Risk Officers have a direct reporting line into the Group’s Chief Risk Officer or one of the regional Chief Risk

annual_report

NatwestGroupPLC-AR_2012

Cash flow hedging reserve At 1 January 879 (140) (252) Amount recognised in equity 2,093 2,417 180 Amount transferred from equity to earnings (1,087) (993) (59)

annual_report

gb_lloyds_banking_grp-AR_2011

The Group and other major UK banks have voluntarily adopted the Disclosure Code in their 2011 financial statements. The Group’s 2011 financial statements have therefore been prepared in compliance with the Disclosure Code’s principles.

annual_report

fr_axa-AR_2000

Real estate, including real estate acquired in satisfaction of debt, is stated at depreciated cost, less valuation allowances. Real estate acquired in satisfaction of debt is valued at estimated fair value at the date of foreclosure.

annual_report

5690

We determine the discount rates used to value the Company’s pension and postretirement obligations, based upon rates commensurate with current yields on high quality corporate bonds. Given our pension and postretirement obligations as of December 31, 2018, the beginning of the measurement year, if we had assumed a discount rate for both our pension and postretirement benefit plans that was 100 basis points higher or 100 basis points lower than the rates we assumed, the change in our net periodic benefit costs would have been a decrease of $97 million and an increase of $94 million, respectively, in 2019. This considers only changes in our assumed discount rates without consideration of possible changes in any of the other assumptions described above that could ultimately accompany any changes in our assumed discount rate. The assumptions used may differ materially from actual results due to, among other factors, changing market and economic conditions and changes in participant demographics. These differences may have a significant impact on the Company’s consolidated financial statements and liquidity.

10K

StandardLifeAberdeenPLC-AR_2006

(c) Risk discount rates – new business 10 July 2006 to 31 December 2006 UK Europe shareholder shareholder

annual_report

3603

CONTRACT BENEFITS decreased 4.6% or $8.7 million in 2007 compared to 2006 due to lower sales of immediate annuities with life contingencies and the absence in 2007 of contract benefits on the reinsured variable annuity business, partially offset by an increase in the implied interest on immediate annuities with life contingencies. This implied interest totaled $107.5 million and $103.9 million in 2007 and 2006, respectively.

10K

GjensidigeForsikringASA-AR_2019

Jostein Amdal (1965) took over as CFO and Executive Vice President for Finance on 1 October 2016.

annual_report

gb_prudential-AR_2001

Reinsurers’ share of technical provisions Provision for unearned premiums 35 163 5 Long-term business provision 589 353

annual_report

StorebrandASA-AR_2014

Net income lendings and accounts receivable 3,130 66 3,196 36 3,160 3,033

annual_report

2174

Other Underwriting-Related Fee Income. Certain assumed reinsurance contracts are deemed, for financial reporting purposes, not to transfer insurance risk, and are accounted for using the deposit method of accounting. For those contracts that contain an element of underwriting risk, the estimated profit margin is deferred and amortized over the contract period. When the estimated profit margin is explicit, the margin is reflected as fee income. We recorded $5.6 million of fee income on such contracts for the year ended December 31, 2003.

10K

4163

primarily due to lower policyholder charges and premiums from our life insurance block including the impact of the completion of the coinsurance transaction with Wilton Re in 2009. See “Premium Collections” for further analysis.

10K

HelvetiaHoldingAG-AR_2013

15.1 Transactions with related companies 15.2 Transactions with related persons 15.2 Transactions with related persons 15. Related party transactions

annual_report