Quantitative and Qualitative Disclosures About Market Risk.
−Removed: Our market risk generally represents the risk of gain or loss that may result from the potential change in the fair value of the securities we hold in our investment portfolio as a result of fluctuations in prices and interest rates and, to a lesser extent, our debt obligations.
−Removed: We manage our interest rate risk by maintaining an appropriate relationship between the average duration of our investment portfolio and the approximate duration of our liabilities, i.e., policy claims of our insurance subsidiaries and our debt obligations.
−Removed: There have been no material changes to our quantitative or qualitative market risk exposure from December 31, 2020 through September 30, 2021.
+Added: Our market risk generally represents the risk of gain or loss that may result from the potential change in the fair value of the securities we hold in our investment portfolio as a result of fluctuations in prices
+Added: and interest rates and, to a lesser extent, our debt obligations.
+Added: We manage our interest rate risk by maintaining an appropriate relationship between the average duration of our investment portfolio and the approximate duration of our liabilities,
+Added: i.e., policy claims of our insurance subsidiaries and our debt obligations.
+Added: There have been no material changes to our quantitative or qualitative market risk exposure from December 31, 2021 through March 31, 2022.
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.