22 unchanged sentences
The selected scenarios are not predictions of future events, but rather illustrate the effect that such events may have on the fair value of our fixed maturities portfolio.
+Added: Equity Price Risk
+Added: Equity risk represents the potential economic losses due to adverse changes in equity security prices.
+Added: As of December 31, 2024, the estimated fair value of our equity securities was $40.5 million.
+Added: Our equity securities consist primarily of exchange traded funds which seek to track the performance of the broader U.S.
+Added: stock market.
+Added: Therefore, the fair value of our equity securities will fluctuate with the value of the overall U.S.
+Added: stock market and a large decline in the value of the U.S.
+Added: stock market would cause a corresponding decline in the value of our equity securities.
We establish our insurance premiums prior to knowing the amount of losses and loss adjustment expenses or the extent to which inflation may affect such amounts.
3 unchanged sentences
Substantial future increases in inflation could also result in future increases in interest rates, which in turn are likely to result in a decline in the market value of the investment portfolio and cause unrealized losses or reductions in total stockholders’ equity.
−Removed: Our Commercial All Risk and Hawaii Hurricane businesses expose us to claims from seasonal weather events such as hurricanes and windstorms.
+Added: Our Inland Marine and Other Property line of business exposes us to claims from seasonal weather events such as hurricanes and windstorms.
The occurrence of such events typically increases between June and November of each year.
−Removed: As a result, we may experience increased losses in our Commercial All Risk and Hawaii Hurricane lines of business during this period.
+Added: As a result, we may experience increased losses in our Inland Marine and Other Property line of business during this period.
+Added: We also write and earn the majority of our Crop premiums during the third quarter of each year.
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.