1 unchanged sentence
Disclosure Controls and Procedures
−Removed: The Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission’s rules and forms.
+Added: The Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission’s rules and forms.
Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in such reports is accumulated and communicated to the Company’s management as appropriate to allow timely decisions regarding required disclosure.
9 unchanged sentences
OTHER INFORMATION
−Removed: Effective January 1, 2021, the Company’s Board of Directors approved amendments to the amended and restated death benefit plan agreement with J.
−Removed: The amendments updated the beneficiaries under the death benefit plan agreement and simplified the death benefit provision to eliminate outdated thresholds that were no longer meaningful in light of increases to Mr.
−Removed: Fine’s base salary and bonus compensation over the past decade.
−Removed: The amendments did not result in any changes to Mr.
−Removed: Fine’s compensation.
−Removed: The foregoing description of the amendments to the death benefit plan agreement is not complete and is qualified in its entirety by reference to the full text of the agreement, a copy of which is attached as Exhibit 10.4 to this Annual Report on Form 10-K and incorporated herein by reference.
+Added: There was no information required to be disclosed in a report on Form 8-K during the fourth quarter of the year that has not been reported.
+Added: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
+Added: Not applicable
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
2 unchanged sentences
EXECUTIVE COMPENSATION
−Removed: The information called for by this item is set forth under the captions “Executive Compensation,” “Compensation of Directors,” “Compensation Committee Report” and “Corporate Governance – Compensation Committee Interlocks and Insider Participation” in the 2021 Proxy Statement and is incorporated by reference in this Annual Report on Form 10-K.
+Added: The information called for by this item is set forth under the captions “Executive Compensation” and “Compensation of Directors” in the 2022 Proxy Statement and is incorporated by reference in this Annual Report on Form 10-K.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS
27 unchanged sentences
The following financial statements are filed under Item 8 of this Annual Report on Form 10-K:
−Removed: Report of Independent Registered Public Accounting Firm
+Added: Report of Independent Registered Public Accounting Firm (PCAOB ID:
Management’s Report on Internal Control Over Financial Reporting
44 unchanged sentences
10.4* Amended and Restated Death Benefit Plan Agreement effective January 1, 2021 for J.
−Removed: Filed herewith
+Added: Incorporated by reference to Exhibit 10.4 to Form 10-K for the year ended December 31, 2020, File No.
10.5* Amended and Restated Death Benefit Plan Agreement effective January 1, 2009 for James A.
40 unchanged sentences
Government obligations
−Removed: $ 24,026 $ 24,083 $ 24,083
General obligations of U.S.
29 unchanged sentences
Fixed maturity securities, available-for-sale, at fair value
−Removed: 27,311 33,244
Equity securities, at fair value
10 unchanged sentences
Accounts payable and accrued liabilities $ 4,514 $ 2,313
+Added: Current income taxes payable 433 —
Deferred income taxes, net 1,703 520
16 unchanged sentences
Interest and dividends $ 376 $ 768
−Removed: Net realized investment (losses) gains ( 473 ) 37
+Added: Net realized investment gains (losses) 1,050 ( 473 )
Changes in the estimated fair value of equity security investments 1,182 265
Rental income 734 702
+Added: Gain on disposals of property 3,937 —
Miscellaneous income 2,015 392
7 unchanged sentences
Income before Income Taxes 68,338 39,068
−Removed: (Benefit) Provision for Income Taxes ( 352 ) 63
+Added: Provision (Benefit) for Income Taxes 1,318 ( 352 )
Net Income $ 67,020 $ 39,420
11 unchanged sentences
Net income $ 67,020 $ 39,420
−Removed: Adjustments to reconcile net income to net cash (used in) provided by operating activities:
+Added: Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in net earnings of subsidiaries ( 61,372 ) ( 39,685 )
2 unchanged sentences
Share-based compensation expense related to stock appreciation rights 299 229
−Removed: Net realized investment losses (gains) 495 ( 37 )
+Added: Net gain on disposals of property ( 3,937 ) —
+Added: Net realized investment (gains) losses ( 92 ) 495
Net realized gain on other investments ( 958 ) ( 22 )
3 unchanged sentences
Increase in receivables ( 2,660 ) ( 147 )
−Removed: (Increase) decrease in income taxes receivable ( 1,701 ) 1,652
−Removed: Decrease (increase) in other assets 114 ( 135 )
−Removed: (Decrease) increase in accounts payable and accrued liabilities ( 158 ) 281
−Removed: Net cash (used in) provided by operating activities ( 1,440 ) 1,703
+Added: Decrease (increase) in income taxes receivable 2,487 ( 1,701 )
+Added: Decrease in other assets 175 114
+Added: Increase in current income taxes payable 433 —
+Added: Increase (decrease) in accounts payable and accrued liabilities 2,201 ( 158 )
+Added: Net cash provided by (used in) operating activities 3,449 ( 1,440 )
Investing Activities
8 unchanged sentences
Purchases of property — ( 97 )
+Added: Proceeds from disposals of property 4,585 —
Net cash provided by investing activities 39,359 28,290
5 unchanged sentences
Net cash used in financing activities ( 45,904 ) ( 32,821 )
−Removed: Net (Decrease) Increase in Cash and Cash Equivalents ( 5,971 ) 8,111
+Added: Net Decrease in Cash and Cash Equivalents ( 3,096 ) ( 5,971 )
Cash and Cash Equivalents, Beginning of Period 3,680 9,651
41 unchanged sentences
FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020
−Removed: Description Balance at Beginning of Period Additions Charged to Costs and Expenses Additions Charge to Other Accounts – Describe Deductions – Describe Balance at End of Period
+Added: Description Balance at Beginning of Period Additions Charged to Costs and Expenses Additions Charged to Other Accounts – Describe Deductions – Describe Balance at End of Period
2021 (in thousands)
33 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.