Acquisitions (Tables)

6 Months Ended

Jun. 30, 2025

Business Combination [Abstract]

Summary of Total Considertaion

Total consideration as of June 30, 2025, is as follows:


(In millions)
Cash consideration paid		$		432
Payment of 2-10 HBW indebtedness				157
Payment of 2-10 HBW transaction costs				15
Total purchase price consideration				604
Less: Acquired 2-10 HBW cash				(24	)
Total purchase price consideration, net of cash acquired		$		580

Summary of Consideration Paid and Identified Assets and Liabilities Assumed at Acquisition Date

A summary of the consideration paid and the amounts of identified assets acquired and liabilities assumed at the acquisition date, as determined based on management's preliminary assessment of the acquisition date fair value, is as follows:


(In millions)
Cash and cash equivalents		$		24
Marketable securities				15
Receivables				4
Prepaid expenses and other current assets				8
Property and equipment, net				6
Goodwill				469
Intangible assets				298
Long-term marketable securities				39
Deferred reinsurance				66
Reinsurance recoverables				9
Accounts payable				(1	)
Accrued liabilities:
Payroll and related expenses				(8	)
Home warranty claims				(7	)
Other				(6	)
Deferred revenue				(29	)
Deferred tax liabilities, net				(23	)
Unearned insurance premium				(234	)
Unpaid losses and loss adjustment reserves				(12	)
Long-term deferred revenue				(12	)
Other long-term liabilities				(1	)
Total consideration paid		$		604

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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