Risk Factors Update Summary
- Added migration patterns to risk factors. Migration patterns could impact business operations significantly.
- Mentioned the Pillar 2 Directive, which could affect tax laws and financial outcomes.
- Noted a decrease in excess cash balances from $21 million to $14 million.
- Increased investment securities from $1.3 billion to $1.5 billion.
- Indicated consolidated indebtedness rose from $2.6 billion to $2.5 billion.
- Added new prescriptive requirements for cybersecurity programs to address data protection laws.
- Mentioned ongoing audits by approximately 30 states regarding escheatment practices.
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=1365135&owner=exclude
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