Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Decrease in outstanding principal of 7.95% Senior Notes due 2053 from $550 million to $345 million.
  • Increase in assets in investment portfolio in floating rate investments from 18% to 21%.
  • Increase in aggregate principal of 5.50% Senior Notes due 2025 from $550 million to $665 million.
  • Increase in net amount recoverable from Aspida Re, Wilton Re, Somerset, and Everlake from $3.121 billion to $6.128 billion.
  • Completion of issuance and sale of $500 million aggregate principal amount of 7.40% Senior Notes due 2028.
  • Introduction of retail bank and broker dealer channels diversifying product and distribution capabilities.
  • Change in top five states for product distribution with Pennsylvania, Ohio, and Texas increasing to 38.5% of premiums.

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=1934850&owner=exclude

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