What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2024-01-31 compared with 2023-02-27 · 1 added, 1 removed, 45 unchanged (4% of the section changed)

18 unchanged sentences

We believe that we take a conservative approach to investing our funds in that we invest only in highly-rated debt securities with relatively short maturities and do not invest in securities which we believe involve a higher degree of risk.

As of December 31, 2022, substantially all of our investments in debt securities were A-rated by at least one of the rating agencies.

As of December 30, 2023, all of our investments in debt securities were A-rated by at least one of the rating agencies.

While we believe we take prudent measures to mitigate investment-related risks, such risks cannot be fully eliminated as there are circumstances outside of our control.

25 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.