Risk Factors Update Summary
- Exposure to losses from COVID-19 claims added, which may impact financial results significantly.
- Increase in gross premiums written by 6% (from 77% to 83%) by two key clients.
- Potential impact of inflation on loss costs, investments, and foreign exchange gains highlighted.
- Cybersecurity risks emphasized, with potential adverse effects on business strategy and financial condition.
- Increased borrowing costs due to rising interest rates, impacting financial operations.
- Potential adverse effects from conflicts between Russia and Ukraine, and Israel and Hamas.
- Changes in tax laws and regulations, including the Corporate Income Tax Act 2023, may impact earnings.
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=913144&owner=exclude
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