v3.26.1
Liability for Policy and Contract Claims (Tables)
 3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Schedule of Liability for Policy and Contract Claims
The following table sets forth our liability for policy and contract claims as of the dates indicated:
(Amounts in millions)March 31, 2026December 31, 2025
Enact segment$590 $572 
Closed Block segment (1)
146 149 
Other mortgage insurance business7 6 
Total liability for policy and contract claims$743 $727 
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(1)Primarily includes balances related to our universal and term universal life insurance products.
Schedule of Changes in Liability for Policy and Contract Claims
The following table presents the balances of and changes in our liability for policy and contract claims as of and for the periods indicated:
Three months ended March 31,
(Amounts in millions)20262025
Beginning balance as of January 1$727 $670 
Less reinsurance recoverable(21)(24)
Net beginning balance706 646 
Incurred related to insured events of:
Current year224 255 
Prior years(34)(27)
Total incurred190 228 
Paid related to insured events of:
Current year(93)(108)
Prior years(79)(86)
Total paid(172)(194)
Net ending balance724 680 
Add reinsurance recoverable19 18 
Ending balance as of March 31$743 $698