3 unchanged sentences
Insurance premium pricing within the P&C insurance industry has historically been cyclical, based on the underwriting capacity of the insurance industry and economic conditions.
−Removed: External events, such as terrorist attacks, man-made and natural disasters, can also have significant impacts on the insurance market.
+Added: External events, such as terrorist attacks and man-made and natural disasters can also have significant impacts on the insurance market.
We use the terms ‘‘soft market’’ and ‘‘hard market’’ to describe the business cycles experienced by the industry.
2 unchanged sentences
The Company represents over 200 insurance carriers, of which 54 provide national coverage.
−Removed: During 2023, two carriers represented more than 10% of total revenue at 16% and 12%.
+Added: During 2024, three carriers represented more than 10% of total revenue at 19%, 15%, and 10%.
As of December 31, 2024, we had $93.1 million of borrowings outstanding under our Credit Agreement, which bears interest on a floating basis tied to SOFR and therefore is subject to changes in the associated interest expense.
1 unchanged sentence
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.