The following table reconciles direct earned premiums, direct benefits and claims, excluding reserve remeasurement gains and losses, and reserve remeasurement gains and losses to net amounts after the effect of reinsurance. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | (In millions) | | | | | 2026 | | 2025 | | Earned premiums: | | | | | | | | | | | | | | | | | Direct | | | | | | | | | | $ | 3,421 | | | | | $ | 3,433 | | | | Ceded | | | | | | | | | | (135) | | | | | (88) | | | | Assumed | | | | | | | | | | 24 | | | | | 36 | | | | Net earned premiums | | | | | | | | | | $ | 3,310 | | | | | $ | 3,381 | | | | | | | | | | | | | | | | | | | | Benefits and claims, excluding reserve remeasurement: | | | | | | | | | | | | | | | | | Direct | | | | | | | | | | $ | 1,995 | | | | | $ | 2,031 | | | | Ceded | | | | | | | | | | (88) | | | | | (56) | | | | Assumed | | | | | | | | | | 7 | | | | | 11 | | | | Benefits and claims, excluding reserve remeasurement | | | | | | | | | | 1,914 | | | | | 1,986 | | | Reserve remeasurement (gains) losses: | | | | | | | | | | | | | | | | | Direct | | | | | | | | | | (81) | | | | | (41) | | | | Ceded | | | | | | | | | | (1) | | | | | 0 | | | | | | | | | | | | | | | | | | | | Reserve remeasurement (gains) losses | | | | | | | | | | (82) | | | | | (41) | | | | Total benefits and claims, net | | | | | | | | | | $ | 1,832 | | | | | $ | 1,945 | | |
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