10 unchanged sentences
The membership of the BSC is comprised of the following members of senior management:
−Removed: Chief Executive Officer, Chief Risk Officer, Chief Financial Officer, Chief Operating Officer and Chief Investment Officer.
+Added: Chief Executive Officer, Chief Risk Officer, Chief Financial Officer, Chief Investment Officer and Head of Product Strategy and Pricing.
Our significant market risk management practices include, but are not limited to, the following:
98 unchanged sentences
Sensitivity Summary
−Removed: Sensitivity to a 100 basis point rise in interest rates increased by $208 million, or 2%, to $8.9 billion at December 31, 2021 from $8.7 billion at December 31, 2020.
−Removed: Sensitivity to a 10% rise in equity prices increased by $15 million, or 1%, to $1.1 billion at December 31, 2021 from $1.0 billion at December 31, 2020.
−Removed: As previously mentioned, we economically hedge substantially all of our foreign currency exposure such that sensitivity to changes in foreign currencies is minimal.
+Added: Sensitivity to a 100 basis point rise in interest rates decreased by $1.1 billion, or 12%, to $7.8 billion at December 31, 2022 from $8.9 billion at December 31, 2021, primarily as a result of a decrease in the estimated fair value of our fixed maturity securities due to higher interest rates, in line with management expectation.
+Added: Sensitivity to a 10% rise in equity prices decreased by $297 million, or 28%, to $764 million at December 31, 2022 from $1.1 billion at December 31, 2021.
+Added: As discussed above, we economically hedge substantially all of our foreign currency exposure such that sensitivity to changes in foreign currencies is minimal.
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.