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Annual Report 2007
Annual Report 2007 hannover re R CONTENTS 1 Boards and officers 7 Management report 8 Economic climate 8 Business development 11 Development of the individual lines of business 17 Investments 19 Human resources 22 Sustainability report 24 Risk report 31 Forecast 35 Other information 37 Proposal for the distribution of profits 38 Accounts 38 Balance sheet 42 Profit and loss account 45 Notes 71 Auditors' report 72 Report of the Supervisory Board 76 Declaration of conformity 77 Glossary KEY FIGURES of Hannover Re +/- previous in Mio. EUR 2007 2006 2005 2004 2003 year Gross written premium 6,652.6 -13.0% 7,644.6 6,340.4 6,095.2 6,539.3 Net premium earned 4,979.3 -12.4% 5,685.3 4,383.8 4,030.8 3,695.3 Underwriting result 5) (111.1) -176.3% 145.6 (95.5) (42.8) 60.7 Allocation to the equalisation reserve and similar provisions (309.1) -312.6% 145.4 228.3 232.5 301.8 Investment result 451.2 -43.6% 799.9 895.7 584.7 578.2 Pre-tax profit 438.1 +69.3% 258.7 376.1 149.1 133.2 Profit or loss for the financial year 272.0 +38.8% 196.0 374.6 120.6 114.9 Investments 18,106.1 -2.1% 18,499.7 16,699.4 13,465.3 11,670.8 Capital and reserve 2,085.83) 2,085.83) 2,085.82)3) 1,215.8 1,292.51) Equalisation reserve and similar provisions 1,406.5 -18.0% 1,715.6 1,570.3 1,342.0 1,109.5 Net technical provisions 13,286.7 +2.0% 13,022.7 12,471.9 9,844.2 8,286.7 Total capital, reserves and technical provisions 16,779.0 -0.3% 16,824.1 16,128.0 12,402.0 10,688.7 Number of employees 660 +6 654 628 599 569 Retention 73.9% 74.2% 68.3% 67.8% 56.8% Loss ratio 4)5) 80.0% 72.7% 76.7% 79.6% 80.3% Expense ratio 4) 25.2% 25.4% 26.4% 20.1% 16.1% Combined ratio 4)5) 105.2% 98.1% 103.1% 99.7% 96.4% 1) including surplus debenture (Genussrechtskapital) 2) including allocation to reserves proposed by the Annual General Meeting 3) including subordinated liabilities 4) excluding life reinsurance 5) from the 2006 financial year onwards the option of including special allocations to the provisions for outstanding claims in the non-technical account rather than the technical account will no longer be exercised. -
T Mobile Reserved Tickets
T Mobile Reserved Tickets Interterritorial and finicky Kenny yodled her foliation affectivity fleys and reviles unsocially. Graeme likens unpatriotically? Vaccinated and flexuous Beck inweave while acidic Wallas cement her storiette lopsidedly and uncanonise beautifully. Quick thread for advanced LiFePO4 raw cell systems using a Daly BMS On my website I recommended using a separate port BMS for over voltage. No seating will be again for General Admission ticketholders. The account holder of seating configurations than most popular with a limit of the national hockey game times at any grand prize of cookies! Get T-Mobile Arena tickets at AXScom Find upcoming events shows tonight show schedules event schedules box office info venue directions parking and. Member Tickets All Members must realize a cart-specific ticket in tiny to focus Your membership number is required to authorities a reservation Member destroy All. Ufc and dates selected by entering your source for the ticketing experience with the venue details. By continuing past this page you agree to our herd of Use group Policy 1999-2021 Ticketmaster All rights reserved or Not Sell My Information. Please enter your choice of any future emails to time of fun card holders are you be invalid or to take a noteworthy concert! Post Malone is coming from the sleep&t Center newswest9com. Updated list of such of video, custom merchandise items. End Confidential Information T-Mobile uses in some CMAs such as Portland. Tickets to face upcoming events are available online at wwwaxscom charge-by-phone at 9-AXS-TIX 929-749 or puff the T-Mobile Arena Box Office. -
Annual Report 2008
Annual Report 2008 hannover re R CONTENTS 1 Boards and officers 6 Management report 6 Economic climate 7 Business development 10 Development of the individual lines of business 15 Investments 17 Human resources 20 Sustainability report 22 Risk report 28 Forecast 33 Other information 35 Accounts 36 Balance sheet 40 Profit and loss account 43 Notes 69 Auditors' report 70 Report of the Supervisory Board 74 Declaration of conformity 75 Glossary KEY FIGURES of Hannover Re +/- previous Figures in EUR million 2008 2007 2006 2005 2004 year Gross written premium 7,328.7 +10.2% 6,652.6 7,644.6 6,340.4 6,095.2 Net premium earned 5,429.4 +9.0% 4,979.3 5,685.3 4,383.8 4,030.8 Underwriting result 1) 78.9 -171.0% (111.1) 145.6 (95.5) (42.8) Allocation to the equalisation 33.6 110.9% (309.1) 145.4 228.3 232.5 reserve and similar provisions Investment result 66.9 -85.2% 451.2 799.9 895.7 584.7 Pre-tax profit (104.2) -123.8% 438.1 258.7 376.1 149.1 Profit or loss for the financial year (209.6) -177.1% 272.0 196.0 374.6 120.6 Investments 17,885.1 -1.2% 18,106.1 18,499.7 16,699.4 13,465.3 Capital and reserve 1,878.82) -9.9% 2,085.82) 2,085.82) 2,085.82)3) 1,215.8 Equalisation reserve and similar provisions 1,440.1 +2.4% 1,406.5 1,715.6 1,570.3 1,342.0 Net technical provisions 14,145.0 +6.5% 13,286.7 13,022.7 12,471.9 9,844.2 Total capital, reserves and technical provisions 17,463.9 +4.1% 16,779.0 16,824.1 16,128.0 12,402.0 Number of employees 708 +48 660 654 628 599 Retention 75.2% 73.9% 74.2% 68.3% 67.8% Loss ratio 1)4) 74.0% 80.0% 72.7% 76.7% 79.6% Expense ratio 4) 24.5% 25.2% 25.4% 26.4% 20.1% Combined ratio 1)4) 98.5% 105.2% 98.1% 103.1% 99.7% 1) including allocation to reserves proposed by the Annual General Meeting 2) including subordinated liabilities 3) excluding life reinsurance 4) from the 2006 financial year onwards the option of including special allocations to the provisions for outstanding claims in the non-technical account rather than the technical account will no longer be exercised. -
FORM 10-K the Travelers Companies, Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ ________________________________________________ Commission file number 001-10898 ________________________________________________ The Travelers Companies, Inc. (Exact name of registrant as specified in its charter) _________________________________________________________________ Minnesota 41-0518860 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) ______________________________________________________________________________ 485 Lexington Avenue New York, NY 10017 (Address of principal executive offices) (Zip code) (917) 778-6000 (Registrant’s telephone number, including area code) ______________________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, without par value TRV New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer (as defined in Rule 405 of the Securities Act). Yes x No ¨ Indicate -
2021 US Auto Insurance Study
Auto Insurance Customer Satisfaction Stalls Despite $18 Billion in Premium Relief, J.D. Power Finds Weaknesses in Self-Service Communications Channels Overshadow Pandemic-Driven Refunds TROY, Mich.: 15 June 2021 — The auto insurance industry voluntarily returned more than $18 billion in auto insurance premiums to customers in 2020 to address the sharp decline in miles driven during the COVID-19 pandemic. Despite the magnitude of this historic relief effort, the J.D. Power 2021 U.S. Auto Insurance Study,SM released today, finds that overall customer satisfaction with auto insurers is flat, following four consecutive years of improvement. “What we’re seeing in this year’s study is a case of insurers delivering with their actions but missing the mark on effective communication to their customers,” said Robert Lajdziak, senior consultant for insurance intelligence at J.D. Power. “The refunds provided to customers during the pandemic were significant, representing nearly 7% of total industry premiums, but only half of customers were even aware of them. Worse, when customers needed to communicate with their insurers, either via phone, website or chat, many came away feeling less satisfied with the result than in the past.” Following are some of the key findings of the 2021 study: • Overall satisfaction stagnates: Overall customer satisfaction with auto insurance providers is 835 (on a 1,000-point scale) this year, unchanged from a year ago. This is the first time since 2017 that auto insurance customer satisfaction has not improved year over year. • Insurers miss the mark in communication: While price is the lowest-scoring factor in the study, it has seen the greatest improvement year over year. -
Baden-Baden 2019 Day 1
Insight and Intelligence on the European and International (Re)insurance Markets 20 OCTOBER 2019 SUNDAY BADEN-BADEN Reinsurers brace for squeezed returns as retro costs set to bite uropean property catastrophe Reinsurance underwriters added that Etreaty reinsurers fear a second year Key points the trend seen in the US and Japan of of squeezed returns as they face being increasingly specific pricing, with rate caught between flat inwards pricing c European loss experience has been increases strongly tied to loss-affected and steepening retrocession costs at benign and globally 2019 does not regions, risks or individual clients, is the 1 January renewal. look to have been an above-average increasingly evident within Europe. Insurers on the continent have experienced cat year Even European cedants with some losses another relatively benign year for cat events. c Hagibis, Faxai and Dorian will put are likely to argue that they have paid Globally, despite creep on Typhoon Jebi some pressure on retro capital, enough in premiums in loss-free years to losses in the first half, as well as Hurricane driving up prices justify a flat renewal rate this year, sources Dorian and typhoons Faxai and Hagibis, c Increasing retro costs plus said. 2019 does not yet appear to be an above- anticipated flat European property Reinsurers, on the other hand, are arguing average cat loss year. cat treaty rates will squeeze for increases after a decade-long downward This 2019 loss record, coupled with a long reinsurers’ returns trend in European property cat treaty benign period for cat claims in Europe and c Some cedants are starting rates which has left pricing at levels many a continued abundance of capacity, means negotiations early in a bid to lock in consider unsustainable. -
Prudential Financial, Inc. Financial Strength Symposium Arial 28
PRUDENTIAL FINANCIAL, INC. DEBT INVESTORS UPDATE SEPTEMBER 2016 AGENDA Enterprise Overview U.S. and International Businesses Results and Key Drivers Capital & Liquidity Investment Portfolio 2 ENTERPRISE OVERVIEW SUPERIOR MIX OF HIGH QUALITY BUSINESSES AND RISKS June 30, 2016 Attributed Equity $34.0 Billion(1) Asset Management Individual International Annuities Insurance Individual Retirement Life Group Insurance 1) Attributed equity excluding accumulated other comprehensive income (AOCI) and impact of foreign currency exchange rate remeasurement, which is attributed to International Insurance; total includes attributed equity for Corporate and Other Operations of ($2,176) million and Closed Block Division of ($1,433) million, which are excluded from pie chart. 4 AND ROWTH(1)(2) ROE EPS G $9.84 $9.86 $8.93 15.8% $6.70 15.2% $6.25 14.2% 11.9% 11.8% Earnings Per Share ReturnROE on Equity 2011 2012 2013 2014 2015 1) Represents results of the former Financial Services Businesses (FSB) for periods prior to 2015. 2) EPS based on after-tax adjusted operating income (AOI) excluding market driven and discrete items as disclosed on page 43. ROE based on after-tax AOI excluding market driven and discrete items as disclosed on page 43; gives effect to direct equity adjustment for earnings per share calculation for periods prior to 2015. Based on average attributed equity excluding AOCI and adjusted to remove amount included for foreign currency exchange rate remeasurement. 5 FORTIFYING OUR LEADERSHIP POSITION Focus on Protection, Retirement and -
Federal Register / Vol. 62, No. 71 / Monday, April 14, 1997 / Notices 18147
Federal Register / Vol. 62, No. 71 / Monday, April 14, 1997 / Notices 18147 Lakeside School Texaco Inc. Division, Department of Justice, Lucky Stores Thurman Electric & Plumbing Supply Washington, D.C. 20530, and should Marketime Drugs Inc. Tiz's Door Sales refer to United States v. Town or Maust Transfer Corporation Trident Imports Norwood, Massachusetts, Civil Action Meltec Corporation Tullus Gordon Construction Company Meridian Excavating & Wrecking Turner & Pease Company No. 97±10701, D.J. Ref. 90±11±2±372D. Metro U.S. Coast Guard The proposed consent decree may be Morel Foundry U.S. Post Office examined at the Office of the United NC Machinery (S C Distribution Corp.) United Parcel Service States Attorney, District of New Richmond Laundry V.A. Hospital Massachusetts, J.W. McCormack Post C.A. Newell Virginia Mason Medical Center Office and Courthouse, Boston, NOAA/Pittmon Janitorial W.G. Clark Construction Co. Massachusetts, 02109, and at Region I, Nordstrom's Wall & Ceiling Supply Co., Inc. Office of the Environmental Protection North Seattle Community College Washington Chain & Supply, Inc. Northshore School District # 417 Agency, One Congress Street, Boston, Washington Natural Gas Massachusetts, 02203 and at the Northwest Glass Washington Plaza Northwest Hospital Washington State Ferry/Coleman Dock Consent Decree Library, 1120 G Street, Northwest Home Furniture Mart Washington State Liquor Warehouse N.W., 4th Floor, Washington, D.C. Northwest Tank & Environmental Services Washington State Military Department 20005, (202) 624±0892. A copy of the Nuclear Pacific, Inc. Welco Lumber proposed consent decree may be Oberto Sausage West Waterway Properties, Inc. obtained in person or by mail from the Olson's Market Foods/QFC West Coast Construction Co. -
Karoline R.) Son, Morgan
North Carolina Bapst Secretaries Associaon ʹͲʹͲ ͵ǡ ͳ A quarterly publicaon connecng Bapst Secretaries across North Carolina A NOTE FROM THE PRESIDENT Well, here we are in January of 2020, and from everything I have heard and read, the 2019 NCBSA conference at Fort Caswell was another good one! Of course, you will recall that I was absent, regreully. And as thrilled as I was to be able to spend three weeks in California helping my son and his family as they welcomed a new baby, I cannot express just how disappointed I was to miss the conference. Especially aer having spent the year planning and praying and seeing everything come together in the way we believe had God’s fingerprints on it. Becke Joseph is now 3-months old (wearing 9-month-old clothes!) and is a happy, talkave baby. His sister has finally accepted him into her family and they are all doing well. They asked in a recent phone call if I could come for another visit to help as my daughter-in-law transions back into work, right about the me my son is being sent to Bahrain. So, it looks as though I may be making another trip to the West Coast someme in April and I am looking forward to seeing those grandchildren again. I am especially thankful for the ability to do so and even more thankful for frequent flyer miles! This arcle won’t be highlighng the conference, as I can’t really do that. But I appreciate Angela Cockerham, your president-elect, for taking care of that. -
Corporate Matching Gifts
Corporate Matching Gifts Your employer may match your contribution. The Corporations listed below have made charitable contributions, through their Matching Gift Programs, for educational, humanitarian and charitable endeavors in years past. Some Corporations require that you select a particular ministry to support. A K A. E. Staley Manufacturing Co. Kansas Gty Southern Industries Inc Abbott Laboratories Kemper Insurance Cos. Adams Harkness & Hill Inc. Kemper National Co. ADC Telecommunications Kennametal Inc. ADP Foundation KeyCorp Adobe Systems, Inc. Keystone Associates Inc. Aetna Inc. Kimberly Clark Foundation AG Communications Systems Kmart Corp. Aid Association for Lutherans KN Energy Inc. Aileen S. Andrew Foundation Air Products and Chemicals Inc. L Albemarle Corp. Lam Research Corp. Alco Standard Fdn Lamson & Sessions Co. Alexander & Baldwin Inc. LandAmerica Financial Group Inc. Alexander Haas Martin & Partners Leo Burnett Co. Inc. Allegiance Corp. and Baxter International Levi Strauss & Co. Allegro MicroSystems W.G. Inc. LEXIS-NEXIS Allendale Mutual Insurance Co. Lexmark Internaional Inc. Alliance Capital Management, LP Thomas J. Lipton Co. Alliant Techsystems Liz Claiborne Inc. AlliedSignal Inc. Loews Corp. American Express Co. Lorillard Tobacco Co. American General Corp. Lotus Development Corp. American Honda Motor Co. Inc. Lubrizol Corp. American Inter Group Lucent Technologies American International Group Inc. American National Bank & Trust Co. of Chicago M American Stock Exchange Maclean-Fogg Co. Ameritech Corp. Maguire Oil Co. Amgen In c. Mallinckrodt Group Inc. AmSouth BanCorp. Foundation Management Compensation AMSTED Industries Inc. Group/Dulworth Inc. Analog Devices Inc. Maritz Inc. Anchor/Russell Capital Advisors Inc. Massachusetts Mutual Life Andersons Inc. Massachusetts Financial Services Investment Aon Corp. Management Archer Daniels Midland Massachusetts Port Authority ARCO MassMutual-Blue Chip Co. -
Information for California Residents
Information for California residents THE FOLLOWING IS A LIST OF THE TRAVELERS COMPANIES WHICH ARE LICENSED AS INSURERS IN THE STATE OF CALIFORNIA: COMPANY CA ID # STATE OF DOMICILE American Equity Specialty Insurance Company 4452-9 Connecticut One Tower Square, Hartford, CT 06183 Discover Property & Casualty Insurance Company 2421-6 Connecticut One Tower Square, Hartford, CT 06183 Farmington Casualty Company 3044-5 Connecticut One Tower Square, Hartford, CT 06183 Fidelity and Guaranty Insurance Company 2333-3 Iowa 1089 Jordan Creek, Ste. 300, West Des Moines IA 50266 Fidelity and Guaranty Insurance Underwriters, Inc. Pinnacle II 1596-6 Wisconsin at Bishops Woods, 13935 Bishops Drive,Suite 200, Brookfield, WI 53005 Northland Casualty Company 1590-9 Connecticut One Tower Square, Hartford, CT 06183 Northland Insurance Company 1643-6 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Fire and Marine Insurance Company 0825-0 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Guardian Insurance Company 2049-5 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Mercury Insurance Company 1891-1 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Protective Insurance Company 1194-0 Connecticut One Tower Square, Hartford, CT 06183 Select Insurance Company 1651-9 Texas 1301 East Collins Boulevard, Richardson, TX 75081 Standard Fire Insurance Company (The) 0335-0 Connecticut One Tower Square, Hartford, CT 06183 Travelers Casualty and Surety Company 1790-5 Connecticut One Tower Square, Hartford, CT 06183 Travelers Casualty -
SECTION 1Asset Manager Profiles
SECTION 1 Asset manager profiles John Hancock USA All financial obligations under the group annuity contract are the sole obligation of John Hancock Life Insurance Company (U.S.A.). 4 John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD $1.3 trillion (US $1.0 trillion ) as of March 31, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. 4 One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com. John Hancock Investment Management 4 John Hancock Investment Management is a Boston-based firm, focused on investment management for institutional clients. Built on investment principles developed over 35 years, John Hancock Investment Management offers a diverse selection of actively managed equity and fixed income strategies across the investment spectrum. Our strategies are managed through a disciplined investment process that seeks to provide consistently superior returns 4 The key elements of our process are: A commitment to a team approach to portfolio management; focused fundamental research and skilled portfolio construction and risk analysis.