Exhibits, Financial Statement Schedules1412Table of ContentsPART IITEM 1. The AM is influenced by the GCC and calculated in a similar manner. We have described below material risks that we face. As investors have embarked on a flight to quality, risk free rates have decreased. These charges could be substantial. We are vulnerable to material losses from natural and man-made disasters. Catastrophe losses are an inevitable part of our business. Various events can cause catastrophe losses. Further, we hold a portfolio of commercial mortgage loans. Any changes in actual or expected collections would result in a charge to earnings. As a result, actual results may differ materially from our modeled results. MINE SAFETY DISCLOSURESNot applicable.18Table of ContentsPART IIITEM 5. Actual results may differ from those estimates. The data is organized at a reserve group level. Specialty, Commercial and International contain both long-tail and short-tail exposures. The GPV required reserves are then compared to the existing recorded reserves. Exposures underwritten through Hardy are excluded. These conditions had a significant impact across our enterprise during 2020. Core loss for our Corporate & Other segment increased $6 million. Surety provides surety and fidelity bonds in all 50 states. The following table details the results of operations for Commercial. Net written premiums for Commercial increased $250 million in 2020 as compared with 2019. Active management of market risk is integral to our operations. Convexity measures how the duration of the asset changes with interest rates. ASU 2016-01: In January 2016, the FASB issued ASU No. To qualify for reinsurance accounting, reinsurance agreements must include risk transfer. The ceding of insurance does not discharge the primary liability of the Company. Equity securities are carried at fair value. Changes in fair value are reported as a component of Other comprehensive income. The weighted average rate is calculated based on fair value. During 2020, 2019 and 2018 the Company recognized no interest and no penalties. The following table presents the amounts receivable from reinsurers. The Company has also excluded receivables from involuntary pools. The Company\'s debt obligations contain customary covenants for investment grade issuers. The trend of those data points was also considered. These additional contributions were made at the discretion of management. The LTI Plan had a three-year performance period and was settled during 2018. As of December 31, 2020, CCC is in a positive earned surplus position. CCC paid dividends of $975 million in 2020. Thus, the sum of the four quarters EPS may not equal the full year EPS. Chief Operating Officer, QBE North America from January 2018 to April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
