37 unchanged sentences
Composite $ 182 $ 186 $ 162 $ 184
−Removed: The Company’s daily VAR for the aggregate of all positions decreased from a composite VAR of $179 million at December 31, 2023 to a composite VAR of $162 million at December 31, 2024.
−Removed: The interest rate VAR decreased due to a decrease in interest rate volatility.
−Removed: The equity securities VAR increased due to an increase in equity exposure.
−Removed: The foreign exchange VAR increased due to an increase in outstanding derivatives and bonds designated as hedging instruments.
−Removed: The commodities VAR decreased due to a decrease in managed exposures.
+Added: The Company’s daily VAR for the aggregate of all positions increased from a composite VAR of $162 million at December 31, 2024 to a composite VAR of $182 million at December 31, 2025.
+Added: The interest rate VAR decreased due to a decrease in volatility.
+Added: The equity securities VAR increased due to an increase in volatility.
+Added: The foreign exchange VAR and commodities VAR each increased due to an increase in exposure.
See Note 21 to the Consolidated Financial Statements for further disclosure regarding market risk.
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.