Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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New words:
billion, commenced, commutation, dissolution, guaranteed, hand, isolation, lease, legacy, letter, noncash, rank, redeemed, redemption, repaid, unconditional, unpaid, unsubordinated
Removed:
block, borrowing, continuing, cumulative, designed, discontinued, existing, fully, goodwill, implied, inception, indefinite, intended, lived, Lloyd, mutually, nil, pertain, sheet, shift, structure, unconditionally
Financial report summary
?Risks
- We may be adversely affected by changes in economic and political conditions, including inflation and changes in interest rates.
- Our insurance subsidiaries are subject to risk-based capital and solvency requirements in their respective regulatory domiciles and any failure to comply with these requirements may have a material adverse effect on our business.
- The outcome of legal and regulatory proceedings, investigations, inquiries, claims and litigation related to our business operations, and changes in the legal environment, may have a material adverse effect on our results of operations and financial condition.
- Insurance Underwriting Risks
- We operate in a highly competitive environment and no assurance can be given that we will continue to be able to compete effectively in this environment.
- Our insurance subsidiaries have exposure to unpredictable and unexpected changes in the claims environment or catastrophes and terrorist acts that can materially and adversely affect our business, results of operations and/or financial condition.
- Global climate change, as well as increasing related regulation, may have an adverse effect on our business, financial results and operations.
- Because our business is dependent upon insurance and reinsurance agents and brokers, we are exposed to certain risks arising out of distribution channels that could cause our results to be adversely affected.
- The insurance business is historically cyclical, and we may experience periods with excess underwriting capacity and unfavorable premium rates; conversely, we may have a shortage of underwriting capacity when premium rates are strong, both of which could adversely impact our results.
- Our agents, producers, or other third parties may exceed their underwriting authorities, commit fraud or otherwise breach obligations owed to us, which could adversely affect our results of operations and financial condition.
- We may be unable to attract and retain qualified employees and key executives.
- Loss of our executive officers or other key personnel or other changes to our management team could disrupt our operations or harm our business.
- Our strategies and processes to mitigate insurance risk may fail and have an adverse effect on our business.
- We may experience issues with outsourcing relationships, which could negatively impact our business, results of operations, and financial condition.
- A prolonged recession or a period of significant turmoil in the U.S. and international financial markets, could adversely affect our business, liquidity and financial condition and our share price.
- We may be adversely affected by changes in economic and political conditions, including inflation and changes in interest rates.
- Our investment portfolio is subject to significant market and credit risks which could result in an adverse impact on our financial position or results.
- We may be adversely affected by foreign currency fluctuations.
- An impairment in the carrying value of goodwill and other intangible assets could negatively impact our consolidated results of operations and stockholders’ equity.
- Our financial condition and operating results may be adversely affected by the failure of one or more reinsurers or capital market counterparties to meet their payment obligations to us.
- We may be adversely affected by the banking industry transition away from LIBOR.
- We may incur significant additional indebtedness which may adversely impact our results of operations and financial condition, including our access to capital and liquidity.
- We may require additional capital in the future, which may not be available or may only be available on unfavorable terms.
- Our holding company structure and certain regulatory and other constraints affect our ability to pay dividends and make other payments.
- The United Kingdom’s exit from the European Union may cause volatility in foreign exchange rates and regulatory uncertainty that may adversely impact our business.
- We are subject to laws and regulations relating to sanctions, anti-corruption and money laundering, the violation of which could adversely affect our operations.
- Any failure to meet investor and stakeholder expectations regarding environmental, social and corporate governance (“ESG”) matters may damage our reputation.
- Legal, Regulatory and Litigation Risks
- Our insurance subsidiaries are subject to risk-based capital and solvency requirements in their respective regulatory domiciles and any failure to comply with these requirements may have a material adverse effect on our business.
- The outcome of legal and regulatory proceedings, investigations, inquiries, claims and litigation related to our business operations, and changes in the legal environment, may have a material adverse effect on our results of operations and financial condition.
- Our aggregate tax liability and effective tax rate could be adversely affected in the future by changes in the tax laws of the countries in which we operate, including as a result of ongoing efforts by the member countries of the OECD.
- Bermuda subsidiaries may become subject to Bermuda taxes after 2035.