11 unchanged sentences
As of December 31, 2023, our aggregate outstanding indebtedness was $128.9 million.
−Removed: A 10% change in market interest rates would not be expected to have a material impact on our consolidated financial condition or results of operations.
−Removed: For additional information regarding our debt, refer to Note 11, Debt, included in Item 8 of this report.
−Removed: We may be exposed to interest rate risk as a result of our debt and our investment activities.
−Removed: The primary objective of our investment activities is to maintain principal and the majority of our investments are short-term in nature.
−Removed: A 10% change in market interest rates would not be expected to have a material impact on our consolidated financial condition or results of operations.
+Added: A 100 basis points of hypothetical interest rate increase would increase our annual interest expense by $1.3 million.
+Added: Our fixed maturities portfolio is also exposed to interest rate risk.
+Added: Changes in interest rates have a direct impact on the market valuation of these securities.
+Added: Certain securities are held in an unrealized loss position, but we do not intend to sell and believe we will not be required to sell any of these securities held in an unrealized loss position before their anticipated recovery.
+Added: We manage interest rate risk by investing in securities with relatively short durations.
+Added: A 100 basis points of hypothetical interest rate increase would not have a material effect on the fair value of our investments.
Foreign Currency Exchange Risk
4 unchanged sentences
To date, we have not entered into any material foreign currency hedging contracts although we may do so in the future.
+Added: Other foreign currency risk in European currencies is currently immaterial.
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.