Quantitative and Qualitative Disclosures About Market Risk
−Removed: We regularly analyze our market risk exposure to interest rate, equity market price, credit spreads and foreign currency exchange rate risks.
−Removed: As a result of that analysis, we have determined that the estimated fair values of certain assets and liabilities are significantly exposed to changes in interest rates, and to a lesser extent, to changes in equity market prices and foreign currency exchange rates.
We have exposure to market risk through our insurance operations and general account investment activities.
For purposes of this discussion, “market risk” is defined as changes in estimated fair value resulting from changes in interest rates, equity market prices, credit spreads and foreign currency exchange rates.
+Added: We regularly analyze our market risk exposure.
+Added: As a result of that analysis, we have determined that the estimated fair values of certain assets and liabilities are significantly exposed to changes in interest rates, and to a lesser extent, to changes in equity market prices and foreign currency exchange rates.
We may have additional financial impacts other than changes in estimated fair value, which are beyond the scope of this discussion.
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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.