Risk Factors Update Summary
- Addition of "riders" to Market Risk section. This change might impact valuation and risk assessment.
- Increase in the estimated mortgage origination market from $2 trillion in 2022 to $1.6 trillion in 2023.
- Potential increase in interest rates leading to a reduction in net income.
- Mention of cybersecurity incidents and potential risks, including data breaches and system vulnerabilities.
- Prediction of a decrease in overall mortgage originations in 2024 compared to 2023.
- Disclosure of reinsurance counterparty exposure values for Aspida Re, Wilton Re, Somerset, and Everlake.
- Addition of new regulations on fiduciary rules impacting agents and regulatory risk.
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=1331875&owner=exclude
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