Risk Factors Update Summary
- Passage of reviver statutes increases uncertainty of claim frequency, potentially leading to substantial charges.
- Future policy benefit reserves for long-term care policies are now assessed at least annually.
- Potential changes to the Internal Revenue Code may affect the rate at which reserves are discounted.
- Changes in social and legal environments, such as abuse reviver statutes, may lead to increased claim activity.
- Changes in interest rates could result in shortfalls in investment income on assets supporting obligations.
- Increased claims and litigation risks could exhaust available reinsurance limits, leading to large losses.
- Reserves are now discounted using upper-medium grade fixed income instrument yields as of each reporting date.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=21175&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.