Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
adjourned, affirmative, automatically, cancelled, cease, characterized, choose, contemplated, Conversely, discourage, domiciled, duly, elevated, entertain, executory, exercised, failed, failure, family, foregoing, hospitality, iii, illustrate, impression, July, knowingly, lackluster, lead, lost, manner, massive, merger, muted, par, party, perfect, professional, prohibition, promissory, proper, properly, pursuant, put, reconvene, reimburse, reimbursement, reopening, Rollover, satisfied, set, Shareholder, slightly, spending, surviving, timeframe, undertaken, vote, voting, waived, withdrawn, withholding, workforce
Removed:
acting, application, barrel, basic, beneficial, claim, collectability, communication, continuity, decide, declining, deployment, diluted, disruption, documented, downturn, elimination, enter, evaluated, executed, exemption, experienced, February, finance, formed, frequency, governmental, health, heightening, hindsight, identified, incident, lease, leased, minimal, modestly, obligate, onboard, operational, pertain, practice, practicing, pressure, receivable, redeemable, representing, repurchased, requirement, response, restated, restricted, segregate, serve, sharp, societal, solicit, stabilize, team, technology, temporarily, training, transformation, transition, transitioned, treat, treatment, twelve, uncertain, unemployed, vigilant, warranted, yielding
Financial report summary
?Risks
- Adverse financial market conditions may significantly affect our liquidity, access to capital and cost of capital.
- Actual experience that differs from assumptions may require us to accelerate the amortization of deferred acquisition costs, which could adversely affect our results of operations or financial condition.
- As a holding company, we depend on our subsidiaries for funds to meet our obligations, but our life insurance subsidiaries’ ability to make distributions to us is limited by law, and could be affected by minimum risk-based capital requirements.
- A significant ratings downgrade may have a material adverse effect on our business.
- Success of our business depends in part on effective information technology systems and on continuing to develop and implement improvements.
- Our ability to maintain competitive costs is dependent upon the level of new sales and persistency of existing business.
- If we are unable to attract and retain agents, sales of our products and services may be reduced.
- Attracting and retaining employees who are key to our business is critical to our growth and success.
- Our business is highly dependent on our relationships with Farm Bureau organizations and could be adversely affected if those relationships became impaired.
- Our relationship with Farm Bureau organizations could result in conflicts of interests.
Management Discussion
- (1)Amounts are net of adjustments, as applicable, to amortization of unearned revenue reserves and deferred acquisition costs, as well as changes in interest sensitive product reserves and income taxes attributable to these items.
- (2)Adjusted operating income is a non-GAAP measure of earnings, see the Overview section above for additional information.
- (3)Average invested assets, including investments held as securities and indebtedness of related parties and cash equivalents, is the average of investment balances at the beginning of the reporting period and as of the end of each quarter throughout the reporting period. Average invested assets are used in the calculation of the annualized investment yield.