10 unchanged sentences
Reports of Management and Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting
−Removed: Management has assessed, and the Company’s independent registered public accounting firm, FORVIS LLP, has audited, the Company’s internal control over financial reporting as of December 31, 2023.
−Removed: The reports of management and FORVIS LLP thereon are included in Item 8 of this Annual Report on Form 10-K and are incorporated by reference herein.
+Added: Management has assessed, and the Company’s independent registered public accounting firm, Forvis Mazars, LLP, has audited, the Company’s internal control over financial reporting as of December 31, 2024.
+Added: The reports of management and Forvis Mazars, LLP thereon are included in Item 8 of this Annual Report on Form 10-K and are incorporated by reference herein.
OTHER INFORMATION
3 unchanged sentences
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
−Removed: The information called for by this item is incorporated by reference to the material under the captions “Proposals Requiring Your Vote – Proposal 1 – Election of Directors,” “Corporate Governance – Board of Directors and Committees – The Audit Committee” and “Corporate Governance – Code of Business Conduct and Ethics” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on May 15, 2024, to be filed by the Company with the Securities and Exchange Commission (“SEC”) pursuant to Regulation 14A within 120 days after the year ended December 31, 2023 (the “2024 Proxy Statement”).
+Added: The information called for by this item is incorporated by reference to the material under the captions “Proposals Requiring Your Vote – Proposal 1 – Election of Directors,” “Corporate Governance – Board of Directors and Committees – The Audit Committee,” “Corporate Governance – Code of Business Conduct and Ethics” and “Corporate Governance – Insider Trading Policy” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on May 21, 2025, to be filed by the Company with the Securities and Exchange Commission (“SEC”) pursuant to Regulation 14A within 120 days after the year ended December 31, 2024 (the “2025 Proxy Statement”).
Other information with respect to the executive officers of the Company is included at the end of Part I of this Annual Report on Form 10-K under the separate caption “Executive Officers of the Company.”
102 unchanged sentences
Incorporated by reference to Exhibit 10.6 to Form 10-Q for the quarter ended March 31, 2022, File No.
−Removed: 16 Letter, dated June 7, 2022, from FORVIS, LLP to the U.S.
−Removed: Securities and Exchange Commission
−Removed: Incorporated by reference to Exhibit 16.1 to Form 8-K filed on June 7, 2022 , File No.
+Added: 19 Insider Trading and Tipping Policy
+Added: Filed herewith
21 Subsidiaries of Registrant
9 unchanged sentences
97 Policy for the Recovery of Erroneously Awarded Compensation
−Removed: Filed herewith
+Added: Incorporated by reference to Exhibit 97 to Form 10-K for the year ended December 31, 2023, File No.
101.INS XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) Filed herewith
77 unchanged sentences
Rental income 870 922
−Removed: Gain on disposals of property 194 —
−Removed: Miscellaneous (loss) income ( 36 ) 305
+Added: Gains on disposals of property 184 194
+Added: Miscellaneous income (loss) 7 ( 36 )
Total Revenues 5,489 4,609
6 unchanged sentences
Income before Income Taxes 32,482 21,798
−Removed: Provision (Benefit) for Income Taxes 112 ( 224 )
+Added: Provision for Income Taxes 1,409 112
Net Income $ 31,073 $ 21,686
14 unchanged sentences
Depreciation 131 126
−Removed: Amortization, net ( 2,924 ) ( 272 )
+Added: Accretion of investments, net ( 2,531 ) ( 2,924 )
Share-based compensation expense related to stock appreciation rights 393 425
Net gains on disposal of property ( 184 ) ( 194 )
−Removed: Net investment losses on securities 142 343
+Added: Net investment (gains) losses on securities ( 79 ) 142
Net realized losses on other investments 309 21
−Removed: Net losses from other investments 21 11
−Removed: Benefit for deferred income taxes ( 433 ) ( 927 )
−Removed: (Increase) decrease in receivables ( 1,652 ) 1,249
−Removed: Decrease (increase) in current income taxes receivable 1,506 ( 2,799 )
−Removed: Decrease (increase) in other assets 3,204 ( 153 )
−Removed: Decrease in current income taxes payable — ( 433 )
−Removed: (Decrease) increase in accounts payable and accrued liabilities ( 1,326 ) 3,212
+Added: Provision (benefit) for deferred income taxes 515 ( 433 )
+Added: Decrease (increase) in receivables 3,325 ( 1,652 )
+Added: (Increase) decrease in current income taxes receivable ( 1,917 ) 1,506
+Added: (Increase) decrease in other assets ( 407 ) 3,204
+Added: Decrease in accounts payable and accrued liabilities ( 696 ) ( 1,326 )
Net cash provided by operating activities 407 911
7 unchanged sentences
Proceeds from sales and distributions of other investments 685 2
−Removed: Proceeds from sales of other assets — —
Purchases of property ( 72 ) ( 9 )
3 unchanged sentences
Repurchases of common stock ( 1,099 ) ( 959 )
−Removed: Exercise of stock appreciation rights — ( 1 )
Capital contribution to subsidiaries ( 447 ) ( 1,524 )
1 unchanged sentence
Net cash used in financing activities ( 31,411 ) ( 13,531 )
−Removed: Net Increase in Cash and Cash Equivalents 959 2,866
+Added: Net (Decrease) Increase in Cash and Cash Equivalents ( 3,157 ) 959
Cash and Cash Equivalents, Beginning of Period 4,409 3,450
23 unchanged sentences
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
−Removed: Segment Deferred Policy Acquisition Cost Future Policy Benefits, Losses, Claims and Loss Expenses Unearned Premiums Other Policy Claims and Benefits Payable Premium Revenue Net Investment Income Benefits, Claims, Losses and Settlement Expenses Amortization of Deferred Policy Acquisition Costs Other Operating Expenses Premiums Written
+Added: Segment Deferred Policy Acquisition Cost Future Policy Benefits, Losses, Claims and Loss Expenses Unearned Premiums Other Policy Claims and Benefits Payable Premium Revenue Net Investment Income (Loss) Benefits, Claims, Losses and Settlement Expenses Amortization of Deferred Policy Acquisition Costs Other Operating Expenses Premiums Written
Year Ended December 31, 2024 (in thousands)
16 unchanged sentences
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
−Removed: 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
+Added: Description Balance at
+Added: Period Additions Charged to Costs and Expenses Additions Charged to Other Accounts – Describe Deductions – Describe Balance at
2024 (in thousands)
32 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.