11 unchanged sentences
As of December 31, 2024, our aggregate outstanding indebtedness was $128.9 million.
−Removed: A 100 basis points of hypothetical interest rate increase would increase our annual interest expense by $1.3 million.
+Added: A hypothetical 100 basis point interest rate increase would increase our annual interest expense by $1.3 million.
Our fixed maturities portfolio is also exposed to interest rate risk.
2 unchanged sentences
We manage interest rate risk by investing in securities with relatively short durations.
−Removed: A 100 basis points of hypothetical interest rate increase would not have a material effect on the fair value of our investments.
+Added: A hypothetical 100 basis point interest rate increase would not have a material effect on the fair value of our investments.
Foreign Currency Exchange Risk
2 unchanged sentences
A 10% change in the Canadian currency exchange rate could have a material impact on our consolidated financial condition or results of operations.
−Removed: A hypothetical change of this magnitude would have increased or decreased our total revenues by approximately $16.8 million, total expenses by approximately $16.2 million, and have a net impact of $0.6 million of income or loss for the year ended December 31, 2023.
+Added: A hypothetical change of this magnitude would have increased or decreased our total revenues by approximately $20.7 million, total expenses by approximately $19.3 million, and have a net impact of $1.4 million on income or loss for the year ended December 31, 2024.
To date, we have not entered into any material foreign currency hedging contracts although we may do so in the future.
1 unchanged sentence
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.