Content analysis
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New words:
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Financial report summary
?Management Discussion
- Net income decreased $1.6 million in the 2024 period to $23.3 million as compared to net income of $24.9 million for the 2023 period. Significant items impacting the comparability of the two periods include the following:
- •lower investment income during 2024 due to much lower cash balances compared to the 2023 period.
- These amounts were partially offset by the incremental net operating income from the fourth quarter opening and acquisitions in 2023.