21 unchanged sentences
A 100 basis point increase in interest rates would result in an approximate $1,088 decrease in fair value, whereas a 100 basis point decrease in interest rates would result in an approximate $1,154 increase in fair value.
−Removed: While we classify our fixed maturity securities as “available-for-sale” for accounting purposes, we believe our cash flows and the duration of our portfolio should allow us to hold securities to maturity, thereby avoiding the recognition of losses should interest rates rise significantly.
+Added: While we classify our fixed maturity securities as “available-for-sale” for accounting purposes, we believe our
+Added: cash flows and the duration of our portfolio should allow us to hold securities to maturity, thereby avoiding the recognition of losses should interest rates rise significantly.
Our equity portfolio is comprised of large capitalization and small capitalization domestic equities, foreign equities, exchange-traded funds and index mutual funds.
−Removed: Our equity portfolio is subject to the volatility inherent in the stock market,
−Removed: driven by concerns over economic conditions, earnings and sales growth, inflation, and consumer confidence.
+Added: Our equity portfolio is subject to the volatility inherent in the stock market, driven by concerns over economic conditions, earnings and sales growth, inflation, and consumer confidence.
These systemic risks cannot be managed through diversification alone.
However, more routine risks, such as stock/industry specific risks, are managed by investing in a diversified equity portfolio.
−Removed: Our other invested assets, reported within our long-term investments, are primarily subject to private market exposures, including private equity, real estate, and private credit investments.
+Added: Our other invested assets, reported within our long-term investments, are primarily subject to private market exposures, including private equity and private credit investments.
These investments are also indirectly subject to market valuation risk, as public market valuations will form a basis for valuations for these investments.
16 unchanged sentences
Changes in interest rates will affect the estimated fair value of these derivatives.
−Removed: As of December 31, 2021, we recorded a net asset of $18, the estimated fair value of the swaps at that date.
+Added: As of December 31, 2022, we recorded a net liability of $57, the estimated fair value of the swaps at that date.
We have evaluated the impact on the interest rate swaps’ fair value considering an immediate 100 basis point change in interest rates.
2 unchanged sentences
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.