9 unchanged sentences
Additionally, the fair values of interest rate sensitive instruments may be affected by the creditworthiness of the issuer, prepayment options, the liquidity of the instrument and other general market conditions.
−Removed: At September 30, 2024, we have available for sale marketable debt securities in the amount of $123,911,000.
+Added: At March 31, 2025, we have available for sale marketable debt securities in the amount of $120,167,000.
The fixed maturity portfolio is comprised of investments with primarily short–term and intermediate–term maturities.
The fixed maturity portfolio allows our insurance company subsidiaries to achieve an adequate risk–adjusted return while maintaining sufficient liquidity to meet obligations.
−Removed: As of September 30, 2024, our credit facility bears interest at variable interest rates.
−Removed: Currently, we have an outstanding balance on our credit facility of $147.0 million.
−Removed: Based on our outstanding balance on the credit facility, a 1% change in interest rates would change interest cost by approximately $1,470,000.
Our cash and cash equivalents consist of highly liquid investments with a maturity of less than three months when purchased.
As a result of the short–term nature of our cash instruments, a hypothetical 1% change in interest rates would have minimal impact on our future earnings and cash flows related to these instruments.
+Added: Our credit facility exposes us to variability in interest payments due to changes in Secured Overnight Financing Rate ("SOFR") interest rates.
+Added: We manage our exposure to this interest rate risk by monitoring available financing alternatives.
+Added: Our credit agreement requires principal and interest payments to be paid through maturity, pursuant to the amortization schedule.
We do not currently use any derivative instruments to hedge our interest rate exposure.
4 unchanged sentences
Thus, there is exposure to equity price risk, which is the potential change in fair value due to a change in quoted market prices.
−Removed: At September 30, 2024, the fair value of our marketable equity securities is approximately $187,755,000.
+Added: At March 31, 2025, the fair value of our marketable equity securities is approximately $174,482,000.
Of the $174.5 million equity securities portfolio, our investment in NHI comprises approximately $120.4 million, or 69.0%, of the total fair value.
1 unchanged sentence
Hypothetically, a 10% change in quoted market prices would result in a related increase or decrease in the fair value of our equity investments of approximately $17.4 million.
−Removed: At September 30, 2024, our equity securities had net unrealized gains of $139.9 million.
−Removed: Of the $139.9 million of unrealized gains, $112.3 million is related to our investment in NHI.
+Added: At March 31, 2025, our equity securities had net unrealized gains of $125.5 million.
+Added: Of the $125.5 million of net unrealized gains, $95.7 million is related to our investment in NHI.
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.