5 unchanged sentences
We do not hold or issue financial instruments for trading purposes.
+Added: Interest Rate Risk
Our invested assets are primarily held as cash and cash equivalents, which are subject to various market risk exposures such as interest rate risk.
2 unchanged sentences
The resulting fair values were not materially different from their carrying values at March 31, 2025.
+Added: Inflation Risk
+Added: An increase in inflation could affect our business in several ways.
+Added: Inflation increases expenses for labor and other operating costs, potentially putting pressure on our profitability if such costs cannot be passed through to our customers.
+Added: Inflation could also lead to increased costs for losses and loss adjustment expenses in each of our operating service lines.
+Added: Prolonged and elevated inflation could adversely affect the financial markets and the economy generally, and may force governments to pursue a restrictive fiscal and monetary policy, which could constrain overall economic activity or inhibit our revenue growth opportunities.
+Added: Credit Risk Related to Performing Certain Services for Our Clients
+Added: We process payments for claims settlements, primarily on behalf of our self-insured clients.
+Added: The liability for the settlement cost of claims processed, which is generally pre-funded, remains with the client.
+Added: Accordingly, we do not incur significant credit risk in the performance of these services.
Financial Statemen ts and Supplementary Data.
1 unchanged sentence
The financial statement schedule is included below under Item 15(a)(2).
−Removed: The Company’s selected quarterly financial data appears in Note 14 to the Company’s consolidated financial statements in a separate section of this annual report, and is incorporated herein by this reference.
Changes in and Disagreements with Accou ntants on Accounting and Financial Disclosure.
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.