v3.25.4
INSURANCE (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Schedule of Insurance Assets
Cash, cash equivalents, and marketable securities related to insurance activities at December 31 were as follows (in millions):
20242025
Cash and cash equivalents$85 $103 
Marketable securities644 719 
Total cash, cash equivalents, and marketable securities
$729 $822 
Schedule of Insurance Premiums
Insurance premiums written and earned for the years ended December 31 were as follows (in millions):
202320242025
WrittenEarnedWrittenEarnedWrittenEarned
Direct$394 $359 $472 $415 $556 $432 
Assumed— — — — — — 
Ceded(275)(240)(300)(244)(373)(258)
Net premiums
$119 $119 $172 $171 $183 $174 
Schedule of Insurance Expenses The components of insurance expenses for the years ended December 31 were as follows (in millions):
202320242025
Insurance losses$90 $181 $116 
Loss adjustment expenses4 5 9 
Reinsurance income and other expenses, net(41)(40)(39)
Insurance expenses
$53 $146 $86