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.
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