Risk Factors Update Summary
- Added E & O and D & O to the list of liabilities, expanding risk coverage.
- Pending divestiture of RFIG Run-off segment to Arch U.S. MI Holdings Inc. for an undisclosed amount.
- Investment portfolio allocation shifted from 80% to 83% fixed income, 20% to 17% equity.
- Introduction of Insurtech companies poses a threat to premium revenues and profitability.
- Net investment income increased from $459.5 million to $578.3 million, a significant rise.
- Funds transferred by subsidiaries to the holding company increased from $614.6 million to $673.3 million.
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=74260&owner=exclude
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