v3.26.1
Pension Plans, Retirement Benefits and Savings Plans
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Pension Plans, Retirement Benefits and Savings Plans PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS
The following table summarizes the components of net periodic benefit cost (benefit) for the Company’s pension and postretirement benefit plans recognized in the consolidated statement of income for the three months ended June 30, 2026 and 2025.
 Pension PlansPostretirement Benefit Plans
(for the three months ended June 30, in millions)2026202520262025
Net Periodic Benefit Cost (Benefit):    
Service cost$30 $29 $— $— 
Non-service cost (benefit):    
Interest cost on benefit obligation43 44 — — 
Expected return on plan assets(75)(70)— — 
Amortization of unrecognized:
Prior service benefit— — (1)— 
Net actuarial (gain) loss 1 3 (2)(3)
Total non-service cost (benefit)(31)(23)(3)(3)
Net periodic benefit cost (benefit)$(1)$6 $(3)$(3)
The following table indicates the line items in which the respective service cost and non-service cost (benefit) are presented in the consolidated statement of income for the three months ended June 30, 2026 and 2025.
 Pension PlansPostretirement Benefit Plans
(for the three months ended June 30, in millions)2026202520262025
Service Cost:    
Claims and claim adjustment expenses$12 $11 $— $— 
General and administrative expenses18 18 — — 
Total service cost30 29 — — 
Non-Service Cost (Benefit):    
Claims and claim adjustment expenses(11)(9)(1)(1)
General and administrative expenses(20)(14)(2)(2)
Total non-service cost (benefit)(31)(23)(3)(3)
Net periodic benefit cost (benefit)$(1)$6 $(3)$(3)
The following table summarizes the components of net periodic benefit cost (benefit) for the Company’s pension and postretirement benefit plans recognized in the consolidated statement of income for the six months ended June 30, 2026 and 2025.
 Pension PlansPostretirement Benefit Plans
(for the six months ended June 30, in millions)2026202520262025
Net Periodic Benefit Cost (Benefit):    
Service cost$60 $57 $— $— 
Non-service cost (benefit):    
Interest cost on benefit obligation85 88 1 1 
Expected return on plan assets(149)(140)— — 
Amortization of unrecognized:    
Prior service benefit— — (1)(1)
Net actuarial (gain) loss2 7 (5)(6)
Total non-service cost (benefit)(62)(45)(5)(6)
Net periodic benefit cost (benefit)$(2)$12 $(5)$(6)
The following table indicates the line items in which the respective service cost and non-service cost (benefit) are presented in the consolidated statement of income for the six months ended June 30, 2026 and 2025.
 Pension PlansPostretirement Benefit Plans
(for the six months ended June 30, in millions)2026202520262025
Service Cost:    
Claims and claim adjustment expenses$23 $22 $— $— 
General and administrative expenses37 35 — — 
Total service cost60 57 — — 
Non-Service Cost (Benefit):    
Claims and claim adjustment expenses(23)(17)(2)(2)
General and administrative expenses(39)(28)(3)(4)
Total non-service cost (benefit)(62)(45)(5)(6)
Net periodic benefit cost (benefit)$(2)$12 $(5)$(6)