7 unchanged sentences
Increases and decreases in interest rates typically result in decreases and increases, respectively, in the fair value of these financial instruments.
−Removed: The majority of our investable assets come from premiums paid by policyholders.
+Added: The majority of our investable assets are purchased with premiums paid by policyholders.
These funds are invested predominantly in high quality corporate, government and municipal bonds with relatively short durations.
38 unchanged sentences
Equity Price Risk
−Removed: A portion of our equity securities portfolio is invested in common stocks, which have historically produced higher long-term returns relative to fixed maturities.
+Added: While we have largely exited our exposure to common stock, a portion of our portfolio is invested in this asset class, which has historically produced higher long-term returns relative to fixed maturities.
The changes in the estimated fair value of the common stocks in our equity securities portfolio are recognized in net income .
13 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.