What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2022-08-05 compared with 2022-05-10 · 2 added, 1 removed, 7 unchanged (30% of the section changed)

6 unchanged sentences

A description of our market risk exposures may be found under “Quantitative and Qualitative Disclosures About Market Risk” in our 2021 Annual Report.

There have been no material changes to our market risk exposures from the market risk exposures previously disclosed in our 2021 Annual Report.

There have been no material changes to our market risk exposures from the market risk exposures previously disclosed in our 2021 Annual Report with the exception of sensitivity to changes in interest rates.

Sensitivity to a 100 basis point rise in interest rates decreased by $1.0 billion, or 12%, to $7.9 billion as of June 30, 2022 from $8.9 billion as of December 31, 2021, primarily as a result of the impact of higher interest rates on the estimated fair value of fixed maturity securities, in line with management expectations.

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.