Risk Factors Update Summary
- Reserves for life and annuity benefits decreased from $759 million to $649 million.
- Losses from legal and regulatory actions may result in significant monetary damages.
- Catastrophes can occur over numerous areas, potentially resulting in elevated losses or disruptions.
- Equity securities decreased from 61% to 58% of shareholders' equity.
- Implementing maximum gross limits by coverage for each insured, limiting program size.
- Goodwill and intangible assets decreased from $4.4 billion to $4.2 billion, representing 34% to 28% of shareholders' equity.
- Top five independent brokers' representation increased from 28% to 37% of gross 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=1096343&owner=exclude
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