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Nature of Business and Basis of Presentation<div style="text-align:justify">MGIC Investment Corporation is a holding company which, through Mortgage Guaranty Insurance Corporation (“MGIC”), is principally engaged in the mortgage insurance business. We provide mortgage insurance to lenders throughout the United States and to government sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. MGIC Assurance Corporation (“MAC”) and MGIC Indemnity Corporation (“MIC”), insurance subsidiaries of MGIC, provide insurance for certain mortgages under Fannie Mae and Freddie Mac (the “GSEs”) credit risk transfer programs. We operate as a single segment for purposes of evaluating financial performance and allocating resources.</div><div style="text-align:justify"> </div><div style="text-align:justify">The accompanying unaudited consolidated financial statements of MGIC Investment Corporation and its wholly-owned subsidiaries have been prepared in accordance with the instructions to Form 10-Q as prescribed by the Securities and Exchange Commission (“SEC”) for interim reporting and do not include all of the other information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”). These statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2025 included in our 2025 Annual Report on Form 10-K. As used below, “we,” “our” and “us” refer to MGIC Investment Corporation’s consolidated operations or to MGIC Investment Corporation, as the context requires.</div><div style="text-align:justify"> </div><div style="text-align:justify">In the opinion of management, the accompanying financial statements include all adjustments, consisting primarily of normal recurring accruals, necessary to fairly state our consolidated financial position and consolidated results of operations for the periods indicated. The consolidated results of operations for an interim period are not necessarily indicative of the results that may be expected for the year ending December 31, 2026.</div><div style="text-align:justify"> </div><div style="text-align:justify">The substantial majority of our new insurance written (“NIW”) has been for loans purchased by the GSEs. The current private mortgage insurer eligibility requirements ("PMIERs") of the GSEs include financial requirements, as well as business, quality control and certain transactional approval requirements. The financial requirements of the PMIERs require a mortgage insurer’s "Available Assets" (generally only the most liquid assets of an insurer) to equal or exceed its "Minimum Required Assets" (which are based on an insurer's book of risk in force, and calculated from tables of factors with several risk dimensions). Based on our application of the PMIERs, as of June 30, 2026, MGIC’s Available Assets are in excess of its Minimum Required Assets; therefore MGIC is in compliance with the PMIERs and eligible to insure loans purchased by the GSEs.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Subsequent Events</div>We have considered subsequent events through the date of this filing.

Significant Accounting Policies<div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">Prospective Accounting and Reporting Developments</div><div style="text-align:justify">Relevant new amendments to accounting standards, which are not yet effective or adopted.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Disaggregation of Income Statement Expenses: ASU 2024-03</div><div style="margin-bottom:3pt;text-align:justify">In November 2024, the FASB issued ASU 2024-03 requiring additional disclosure of the nature of expenses included in the income statement. The new standard requires disclosures about specific expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027, as clarified by ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40). The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. We are currently evaluating the impacts the adoption of this guidance will have on our disclosures, but do not expect it to have a material impact.</div>

<div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">Prospective Accounting and Reporting Developments</div><div style="text-align:justify">Relevant new amendments to accounting standards, which are not yet effective or adopted.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Disaggregation of Income Statement Expenses: ASU 2024-03</div><div style="margin-bottom:3pt;text-align:justify">In November 2024, the FASB issued ASU 2024-03 requiring additional disclosure of the nature of expenses included in the income statement. The new standard requires disclosures about specific expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027, as clarified by ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40). The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. We are currently evaluating the impacts the adoption of this guidance will have on our disclosures, but do not expect it to have a material impact.</div>

Debt<div style="margin-bottom:3pt;text-align:justify">Debt Obligations</div><div style="text-align:justify">The aggregate carrying value of our 5.25% Senior Notes (“5.25% Notes”) and the par value as of June 30, 2026 and December 31, 2025 is presented in table 3.1 below.</div><div style="margin-top:5pt;padding-left:13.5pt;text-indent:-13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:60.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.874%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Long-Term Debt Obligation, Carrying Value</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>3.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>5.25% Notes, due August 2028 (par value: $650 million)</div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">646,874 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">646,138 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"> </div><div style="text-align:justify">The 5.25% Notes are an obligation of our holding company, MGIC Investment Corporation. </div><div style="text-align:justify"> </div><div style="text-align:justify">See Note 3 - “Debt” in our Annual Report on Form 10-K for the year ended December 31, 2025 for additional information pertaining to our debt obligation. As of June 30, 2026, we are in compliance with our debt covenants.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt">Interest Payments</div><div style="margin-bottom:9pt;text-align:justify">Interest payments were $17.1 million for the six months ended June 30, 2026 and 2025.</div>

<div style="text-align:justify">The aggregate carrying value of our 5.25% Senior Notes (“5.25% Notes”) and the par value as of June 30, 2026 and December 31, 2025 is presented in table 3.1 below.</div><div style="margin-top:5pt;padding-left:13.5pt;text-indent:-13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:60.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.874%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Long-Term Debt Obligation, Carrying Value</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>3.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>5.25% Notes, due August 2028 (par value: $650 million)</div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">646,874 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">646,138 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

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Earnings per Share<div style="text-align:justify">Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted average number of shares of common stock outstanding, including participating securities. Our participating securities are comprised of vested restricted stock and restricted stock units (“RSUs”) with non-forfeitable rights to dividends. Diluted EPS includes the components of basic EPS and also gives effect to dilutive common stock equivalents. The determination of whether components are dilutive is calculated independently for each period. We calculate diluted EPS using the treasury stock method which reflects the potential dilution that could occur if unvested RSUs result in the issuance of common stock. </div><div> </div><div>Table 4.1 reconciles the numerators and denominators used to calculate basic and diluted EPS.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:41.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Earnings Per Share</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>4.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>($ in thousands, except per share data)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Net income - basic and diluted</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">182,145 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">192,482 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">347,448 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">377,942 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Basic weighted average common shares outstanding</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">209,923 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236,333 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">213,012 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">240,218 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Dilutive effect of unvested RSUs</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,022 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,638 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,536 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,991 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Diluted weighted average common shares outstanding</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">210,945 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237,971 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">214,548 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">242,209 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Earnings per share:</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Basic earnings per share</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.87 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.81 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.63 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.57 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Diluted earnings per share</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.86 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.81 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.62 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.56 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

<div>Table 4.1 reconciles the numerators and denominators used to calculate basic and diluted EPS.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:41.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Earnings Per Share</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>4.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>($ in thousands, except per share data)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Net income - basic and diluted</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">182,145 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">192,482 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">347,448 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">377,942 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Basic weighted average common shares outstanding</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">209,923 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236,333 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">213,012 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">240,218 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Dilutive effect of unvested RSUs</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,022 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,638 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,536 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,991 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Diluted weighted average common shares outstanding</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">210,945 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237,971 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">214,548 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">242,209 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Earnings per share:</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Basic earnings per share</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.87 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.81 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.63 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.57 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Diluted earnings per share</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.86 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">0.81 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.62 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">1.56 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

182145000

192482000

347448000

377942000

209923000

236333000

213012000

240218000

1022000

1638000

1536000

1991000

210945000

237971000

214548000

242209000

0.87

0.81

1.63

1.57

0.86

0.81

1.62

1.56

Investments<div style="margin-bottom:3pt;text-align:justify">Fixed Income Securities</div><div style="margin-bottom:3pt;text-align:justify">Our fixed income securities classified as available-for-sale at June 30, 2026 and December 31, 2025 are shown in tables 5.1a and 5.1b below. </div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.822%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Details of Fixed Income Securities by Category as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.1a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized Gains</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized (Losses)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">284,121 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">113 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(3,046)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">281,188 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,849,688 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,958 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(139,081)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,720,565 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,722,787 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,908 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(65,022)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,674,673 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">290,072 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">862 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,813)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">373,594 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,760 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,758)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235,738 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,008)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,168 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">133 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,488 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(431)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,130 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,129 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Total fixed income securities</div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,897,786 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">33,484 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(230,212)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,701,058 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.960%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Details of Fixed Income Securities by Category as of December 31, 2025</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.1b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized Gains</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized (Losses)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">279,359 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">958 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,505)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">277,812 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,961,841 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,958 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(134,035)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,838,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,712,348 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">36,781 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(57,857)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,691,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">225,478 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,418 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,335)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,561 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">366,671 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,169 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,816)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">358,024 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237,974 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,484 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,675)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,783 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,182 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">129 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,287 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,487 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(420)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,067 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Total fixed income securities </div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,944,001 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">61,897 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(214,667)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,791,231 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify">We had $12.5 million and $12.6 million of investments at fair value on deposit with various states as of June 30, 2026 and December 31, 2025, respectively, due to regulatory requirements of those state insurance departments. </div><div style="text-align:justify"> </div><div style="text-align:justify">In connection with our insurance and reinsurance activities within MAC and MIC, we are required to maintain assets in trusts for the benefit of contractual counterparties, which had investments at fair value of $188.5 million and $185.7 million at June 30, 2026 and December 31, 2025, respectively.</div><div style="text-align:justify">The amortized cost and fair values of fixed income securities at June 30, 2026, by contractual maturity, are shown in table 5.2 below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Because most mortgage and asset-backed securities are not due at a single maturity date, they are listed in separate categories.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:64.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed Income Securities Maturity Schedule</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">5.2</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amortized cost</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due in one year or less</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">668,519 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">667,328 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due after one year through five years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,668,459 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,628,072 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due after five years through ten years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,672,759 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,608,662 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due after ten years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">864,477 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">789,550 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,874,214 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,693,612 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ABS</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">290,072 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">373,594 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235,738 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,168 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,897,786 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,701,058 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div> </div><div style="margin-bottom:3pt;text-align:justify">Equity Securities</div><div style="text-align:justify">The cost and fair value of investments in equity securities at June 30, 2026 and December 31, 2025 are shown in tables 5.3a and 5.3b below.</div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.700%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Details of Equity Security Investments as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.3a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value Gains</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value Losses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Equity securities</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">16,360 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">27 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,113)</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15,274 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.700%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Details of Equity Security Investments as of December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.3b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value Gains</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value Losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Equity securities</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">16,286 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">42 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,006)</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15,322 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div> </div><div style="margin-bottom:3pt">Net Gains (Losses) on Investments and Other Financial Instruments</div><div style="text-align:justify">The net gains (losses) on investments and other financial instruments and the proceeds from the sale of fixed income securities classified as available-for-sale securities are shown in table 5.4 below.</div><div> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.038%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:40.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.821%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Details of Net Gains (Losses) on Investments and Other Financial Instruments</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.4</td><td colspan="9" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(in thousands)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed income securities:</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Gains on sales</td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">497 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">575 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">707 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">924 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Losses on sales</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,460)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,520)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,470)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,549)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Equity securities gains (losses):</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Changes in fair value</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">46 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">89 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(122)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">209 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Change in embedded derivative on Home Re Transactions(1)</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(309)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">430 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(510)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">731 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net gains (losses) on investments and other financial instruments</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,226)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,426)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,395)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(685)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Proceeds from sales of fixed income securities</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">57,432 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,280 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">58,437 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">41,017 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1) See <a href="#i90aaa19aa7224dd5986c14120f2ced84_61" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:none">Note 6 "Fair Value Measurements"</a> for discussion of the embedded derivative on the Home Re Transactions. </div><div style="margin-bottom:3pt;text-align:justify">Other Invested Assets</div><div style="text-align:justify">Our other invested assets balance includes an investment in FHLB stock that is carried at cost, which due to its nature approximates fair value. Ownership of FHLB stock provides access to a secured lending facility, subject to certain conditions, which includes requirements to post collateral and to maintain a minimum investment in FHLB stock.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Unrealized Investment Losses</div><div style="text-align:justify">Tables 5.5a and 5.5b below summarize, for all available-for-sale investments in an unrealized loss position at June 30, 2026 and December 31, 2025, the aggregate fair value and gross unrealized loss by the length of time those securities have been continuously in an unrealized loss position. The fair value amounts reported in tables 5.5a and 5.5b are estimated using the process described in <a href="#i90aaa19aa7224dd5986c14120f2ced84_61" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:none">Note 6 - “Fair Value Measurements”</a> to these consolidated financial statements and in Note 2 - “Significant Accounting Policies” to the consolidated financial statements in our 2025 Annual Report on Form 10-K.</div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="42" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Unrealized Loss Aging for Securities by Type and Length of Time as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.5a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Less Than 12 Months</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">12 Months or Greater</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Unrealized Losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Unrealized Losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Unrealized Losses</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">160,992 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(744)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">30,819 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,302)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">191,811 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(3,046)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">200,110 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,037)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,030,622 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(136,044)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,230,732 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(139,081)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">810,234 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,333)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">761,003 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(58,689)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,571,237 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(65,022)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">172,169 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,575)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,584 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,238)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">176,753 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,813)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">51,103 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(351)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">150,115 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,407)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">201,218 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,758)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">120,580 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,446)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">51,690 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,562)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">172,270 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,008)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CLOs</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">32,231 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">32,231 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(431)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(431)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,338 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,338 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,550,757 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(13,539)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,032,890 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(216,673)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,583,647 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(230,212)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="42" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Unrealized Loss Aging for Securities by Type and Length of Time as of December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.5b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Less Than 12 Months</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">12 Months or Greater</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Unrealized</div><div style="text-align:center"> Losses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Unrealized</div><div style="text-align:center">Losses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Unrealized</div><div style="text-align:center"> Losses</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15,762 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(60)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,113 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,445)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">66,875 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,505)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">144,148 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,123)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,087,931 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(127,912)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,232,079 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(134,035)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">258,349 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,180)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">887,659 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(56,677)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,146,008 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(57,857)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49,774 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,103)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,965 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(232)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">72,739 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,335)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,906 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">187,553 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,808)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">190,459 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,816)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,363 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(30)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">82,994 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,645)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">98,357 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,675)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,068 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(420)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,068 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(420)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">521,574 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(8,528)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,324,283 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(206,139)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,845,857 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(214,667)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div> </div><div style="text-align:justify">There were 996 and 712 securities in an unrealized loss position at June 30, 2026 and December 31, 2025, respectively. Based on current facts and circumstances, we believe the unrealized losses as of June 30, 2026 presented in table 5.5a above are not indicative of the ultimate collectability of the par value of the securities. The unrealized losses in all categories of our investments at June 30, 2026 were primarily caused by increases in prevailing interest rates. We also rely upon estimates of several credit and non-credit factors in our review and evaluation of individual investments to determine whether a credit impairment exists. All of the securities in an unrealized loss position are current with respect to their interest obligations.</div>

<div style="margin-bottom:3pt;text-align:justify">Our fixed income securities classified as available-for-sale at June 30, 2026 and December 31, 2025 are shown in tables 5.1a and 5.1b below. </div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.822%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Details of Fixed Income Securities by Category as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.1a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized Gains</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized (Losses)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">284,121 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">113 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(3,046)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">281,188 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,849,688 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,958 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(139,081)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,720,565 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,722,787 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,908 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(65,022)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,674,673 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">290,072 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">862 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,813)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">373,594 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,760 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,758)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235,738 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,008)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,168 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">133 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,488 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(431)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,130 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,129 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Total fixed income securities</div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,897,786 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">33,484 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(230,212)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,701,058 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.960%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Details of Fixed Income Securities by Category as of December 31, 2025</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.1b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized Gains</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gross Unrealized (Losses)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">279,359 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">958 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,505)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">277,812 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,961,841 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,958 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(134,035)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,838,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,712,348 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">36,781 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(57,857)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,691,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">225,478 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,418 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,335)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,561 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">366,671 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,169 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,816)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">358,024 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237,974 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,484 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,675)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,783 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,182 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">129 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,287 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,487 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(420)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,067 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Total fixed income securities </div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,944,001 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">61,897 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(214,667)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,791,231 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

284121000

113000

3046000

281188000

1849688000

9958000

139081000

1720565000

2722787000

16908000

65022000

2674673000

290072000

862000

2813000

288121000

373594000

4760000

16758000

361596000

235738000

750000

3008000

233480000

124168000

133000

52000

124249000

4488000

431000

4057000

13130000

1000

13129000

5897786000

33484000

230212000

5701058000

279359000

958000

2505000

277812000

1961841000

10958000

134035000

1838764000

2712348000

36781000

57857000

2691272000

225478000

2418000

1335000

226561000

366671000

8169000

16816000

358024000

237974000

2484000

1675000

238783000

99182000

129000

24000

99287000

4487000

420000

4067000

56661000

5944001000

61897000

214667000

5791231000

12500000

12600000

188500000

185700000

<div style="text-align:justify">The amortized cost and fair values of fixed income securities at June 30, 2026, by contractual maturity, are shown in table 5.2 below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Because most mortgage and asset-backed securities are not due at a single maturity date, they are listed in separate categories.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:64.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed Income Securities Maturity Schedule</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">5.2</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amortized cost</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due in one year or less</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">668,519 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">667,328 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due after one year through five years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,668,459 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,628,072 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due after five years through ten years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,672,759 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,608,662 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Due after ten years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">864,477 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">789,550 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,874,214 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,693,612 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ABS</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">290,072 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">373,594 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235,738 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,168 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,897,786 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,701,058 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

668519000

667328000

1668459000

1628072000

1672759000

1608662000

864477000

789550000

4874214000 4693612000

290072000

288121000

373594000

361596000

235738000

233480000

124168000

124249000

5897786000

5701058000

<div style="text-align:justify">The cost and fair value of investments in equity securities at June 30, 2026 and December 31, 2025 are shown in tables 5.3a and 5.3b below.</div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.700%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Details of Equity Security Investments as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.3a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value Gains</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value Losses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Equity securities</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">16,360 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">27 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,113)</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15,274 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.700%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Details of Equity Security Investments as of December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.3b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value Gains</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value Losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Equity securities</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">16,286 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">42 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,006)</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15,322 </td><td style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

16360000

27000

1113000

15274000

16286000

42000

1006000

15322000

<div style="text-align:justify">The net gains (losses) on investments and other financial instruments and the proceeds from the sale of fixed income securities classified as available-for-sale securities are shown in table 5.4 below.</div><div> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.038%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:40.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.821%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Details of Net Gains (Losses) on Investments and Other Financial Instruments</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.4</td><td colspan="9" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(in thousands)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed income securities:</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Gains on sales</td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">497 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">575 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">707 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">924 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Losses on sales</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,460)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,520)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,470)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,549)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Equity securities gains (losses):</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Changes in fair value</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">46 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">89 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(122)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">209 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Change in embedded derivative on Home Re Transactions(1)</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(309)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">430 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(510)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">731 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net gains (losses) on investments and other financial instruments</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,226)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,426)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,395)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(685)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Proceeds from sales of fixed income securities</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">57,432 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,280 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">58,437 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">41,017 </td><td style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>(1) See <a href="#i90aaa19aa7224dd5986c14120f2ced84_61" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:none">Note 6 "Fair Value Measurements"</a> for discussion of the embedded derivative on the Home Re Transactions.

497000

575000

707000

924000

2460000

2520000

2470000

2549000

46000

89000

-122000

209000

-309000

430000

-510000

731000

-2226000 -1426000 -2395000 -685000

57432000

20280000

58437000

41017000

<div style="text-align:justify">Tables 5.5a and 5.5b below summarize, for all available-for-sale investments in an unrealized loss position at June 30, 2026 and December 31, 2025, the aggregate fair value and gross unrealized loss by the length of time those securities have been continuously in an unrealized loss position. The fair value amounts reported in tables 5.5a and 5.5b are estimated using the process described in <a href="#i90aaa19aa7224dd5986c14120f2ced84_61" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:none">Note 6 - “Fair Value Measurements”</a> to these consolidated financial statements and in Note 2 - “Significant Accounting Policies” to the consolidated financial statements in our 2025 Annual Report on Form 10-K.</div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="42" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Unrealized Loss Aging for Securities by Type and Length of Time as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.5a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Less Than 12 Months</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">12 Months or Greater</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Unrealized Losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Unrealized Losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Unrealized Losses</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">160,992 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(744)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">30,819 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,302)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">191,811 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(3,046)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">200,110 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,037)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,030,622 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(136,044)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,230,732 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(139,081)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">810,234 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,333)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">761,003 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(58,689)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,571,237 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(65,022)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">172,169 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,575)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,584 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,238)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">176,753 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,813)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">51,103 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(351)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">150,115 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,407)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">201,218 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,758)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">120,580 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,446)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">51,690 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,562)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">172,270 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,008)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CLOs</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">32,231 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">32,231 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(431)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(431)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,338 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,338 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,550,757 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(13,539)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,032,890 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(216,673)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,583,647 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(230,212)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.594%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="42" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Unrealized Loss Aging for Securities by Type and Length of Time as of December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">5.5b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Less Than 12 Months</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">12 Months or Greater</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Unrealized</div><div style="text-align:center"> Losses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Unrealized</div><div style="text-align:center">Losses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Unrealized</div><div style="text-align:center"> Losses</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15,762 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(60)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,113 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,445)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">66,875 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,505)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">144,148 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,123)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,087,931 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(127,912)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,232,079 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(134,035)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">258,349 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,180)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">887,659 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(56,677)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,146,008 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(57,857)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49,774 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,103)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,965 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(232)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">72,739 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,335)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,906 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">187,553 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,808)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">190,459 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,816)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,363 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(30)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">82,994 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,645)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">98,357 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,675)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,068 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(420)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,068 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(420)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">521,574 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(8,528)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,324,283 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(206,139)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,845,857 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(214,667)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

160992000

744000

30819000

2302000

191811000

3046000

200110000

3037000

1030622000

136044000

1230732000

139081000

810234000

6333000

761003000

58689000

1571237000

65022000

172169000

1575000

4584000

1238000

176753000

2813000

51103000

351000

150115000

16407000

201218000

16758000

120580000

1446000

51690000

1562000

172270000

3008000

32231000

52000

32231000

52000

4057000

431000

4057000

431000

3338000

1000

3338000

1000

1550757000

13539000

2032890000

216673000

3583647000

230212000

15762000

60000

51113000

2445000

66875000

2505000

144148000

6123000

1087931000

127912000

1232079000

134035000

258349000

1180000

887659000

56677000

1146008000

57857000

49774000

1103000

22965000

232000

72739000

1335000

2906000

8000

187553000

16808000

190459000

16816000

15363000

30000

82994000

1645000

98357000

1675000

35272000

24000

35272000

24000

4068000

420000

4068000

420000

521574000

8528000

2324283000

206139000

2845857000

214667000

996

712

Fair Value Measurements<div style="margin-bottom:3pt;text-align:justify">Recurring Fair Value Measurements</div><div style="text-align:justify">The following describes the valuation methodologies generally used by the independent pricing sources, or by us, to measure financial instruments at fair value, including the general classification of such financial instruments pursuant to the valuation hierarchy.</div><div style="margin-bottom:3pt;text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Fixed Income Securities:</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•U.S. Treasury Securities and Obligations of U.S. Government Corporations and Agencies: Securities with valuations derived from quoted prices for identical instruments in active markets that we can access are categorized in Level 1 of the fair value hierarchy. Securities valued by surveying the dealer community, obtaining relevant trade data, benchmark quotes and spreads and incorporating this information in the valuation process are categorized as Level 2 of the fair value hierarchy. </div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Corporate Debt Securities are valued by obtaining relevant trade data, benchmark quotes and spreads and broker/dealer quotes and incorporating this information into the valuation process. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Obligations of U.S. States & Political Subdivisions are valued by tracking, capturing, and analyzing quotes for active issues and trades reported via the Municipal Securities Rulemaking Board records. Daily briefings and reviews of current economic conditions, trading levels, spread relationships, and the slope of the yield curve provide further data for evaluation. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Residential Mortgage-Backed Securities ("RMBS") are valued by monitoring interest rate movements, and other pertinent data daily. Incoming market data is enriched to derive spread, yield and/or price data as appropriate, enabling known data points to be extrapolated for valuation application across a range of related securities. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Commercial Mortgage-Backed Securities ("CMBS") are valued using techniques that reflect market participants’ assumptions and maximize the use of relevant observable inputs including quoted prices for similar assets, benchmark yield curves and market corroborated inputs. Evaluation uses regular reviews of the inputs for securities covered, including executed trades, broker quotes, credit information, collateral attributes and/or cash flow waterfall as applicable. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Asset-Backed Securities ("ABS") are valued using spreads and other information solicited from market buy-and-sell-side sources, including primary and secondary dealers, portfolio managers, and research analysts. Cash flows are generated for each tranche, benchmark yields are determined, and deal collateral performance and tranche level attributes including trade activity, bids, and offers are applied, resulting in tranche specific prices. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Collateralized loan obligations ("CLOs") are valued by evaluating manager rating, seniority in the capital structure, assumptions about prepayment, default and recovery and their impact on cash flow generation. Loan level net asset values are determined and aggregated for tranches and as a final step prices are checked against available recent trade activity. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Foreign government debt is valued by surveying the dealer community, obtaining relevant trade data, benchmark quotes and spreads and incorporating this information into the valuation process. These securities are generally categorized in Level 2 of the fair value hierarchy.</div><div style="margin-bottom:3pt;padding-left:27pt;text-align:justify;text-indent:-18pt">•Commercial Paper, with an original maturity greater than 90 days, is valued using market data for comparable instruments of similar maturity and average yields. These securities are generally categorized in Level 2 of the fair value hierarchy. </div><div style="padding-left:18pt;text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Equity Securities: Consist of actively traded, exchange-listed equity securities, including exchange traded funds (“ETFs”) and Bond Mutual Funds, with valuations derived from quoted prices for identical assets in active markets that we can access. These securities are valued in Level 1 of the fair value hierarchy.</div><div style="text-align:justify;text-indent:9pt"> </div><div style="margin-bottom:3pt;text-align:justify">Cash Equivalents: Consist of money market funds and treasury bills with valuations derived from quoted prices for identical assets in active markets that we can access. These securities are valued in level 1 of the fair value hierarchy. Instruments in this category valued using market data for comparable instruments are classified as level 2 in the fair value hierarchy.</div><div style="text-align:justify">Assets measured at fair value, by hierarchy level, as of June 30, 2026 and December 31, 2025 are shown in tables 6.1a and 6.1b below. The fair value of the assets is estimated using the process described above, and in Note 2 - “Significant Accounting Policies” to the consolidated financial statements in our 2025 Annual Report on Form 10-K. </div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.764%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Assets Carried at Fair Value by Hierarchy Level as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">6.1a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Quoted Prices in Active Markets for Identical Assets</div><div style="text-align:center">(Level 1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Significant Other Observable Inputs</div><div style="text-align:center">(Level 2)</div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">281,188 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">242,076 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">39,112 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,720,565 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,720,565 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,674,673 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,674,673 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,129 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,129 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">Total fixed income securities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,701,058 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">242,076 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,458,982 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,274 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,274 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Cash equivalents (1)</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">211,718 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">204,685 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,033 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,928,050 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">462,035 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,466,015 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.764%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Assets Carried at Fair Value by Hierarchy Level as of December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">6.1b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Quoted Prices in Active Markets for Identical Assets </div><div style="text-align:center">(Level 1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Significant Other Observable Inputs </div><div style="text-align:center">(Level 2)</div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">277,812 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">241,056 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">36,756 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,838,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,838,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,691,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,691,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,561 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,561 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">358,024 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">358,024 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,783 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,783 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,287 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,287 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,067 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,067 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">Total fixed income securities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,791,231 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">241,056 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,550,175 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,322 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,322 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Cash equivalents (1)</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">371,219 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">363,423 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,796 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,177,772 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">619,801 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,557,971 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="18" style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:middle">(1) Includes restricted cash equivalents</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;text-align:justify">Additional fair value disclosures related to our investment portfolio are included in <a href="#i90aaa19aa7224dd5986c14120f2ced84_58" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:none">Note 5 – “Investments.”</a></div><div style="text-align:justify"> </div><div style="text-align:justify">In addition to the assets carried at fair value discussed above, we have embedded derivatives carried at fair value related to our Home Re Transactions that are classified as “Other liabilities” or “Other assets” in our consolidated balance sheets. The estimated fair value related to our embedded derivatives reflects the present value impact of the variation in investment income on the assets held by the reinsurance trusts and the contractual reference rate on the Home Re Transactions used to calculate the reinsurance premiums we estimate we will pay over the estimated remaining life. These liabilities or assets are categorized in Level 3 of the fair value hierarchy. At June 30, 2026 and December 31, 2025, the fair value of the embedded derivatives was a liability of $0.9 million and $0.4 million, respectively. (See <a href="#i90aaa19aa7224dd5986c14120f2ced84_64" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:none">Note 7 - "Reinsurance"</a> for more information about our Home Re Transactions.)</div><div style="margin-bottom:3pt;text-align:justify"> </div><div style="text-align:justify">Real estate acquired through claim settlement is carried at fair values and is reported in “Other assets” on the consolidated balance sheet. These assets are categorized as Level 3 of the fair value hierarchy. For the six months ended June 30, 2026 and 2025, purchases of real estate acquired were $4.2 million and $2.0 million, respectively. For the six months ended June 30, 2026 and 2025, sales of real estate acquired were $2.7 million and $2.2 million, respectively. </div><div style="margin-bottom:3pt;text-align:justify">Financial Assets and Liabilities Not Measured at Fair Value</div><div style="margin-bottom:3pt;margin-top:6pt;text-align:justify">Other invested assets include an investment in FHLB stock that is carried at cost, which due to restrictions that require it to be redeemed or sold only to the security issuer at par value, approximates fair value. The fair value of other invested assets is categorized as Level 2.</div><div style="margin-bottom:3pt;margin-top:6pt;text-align:justify">Financial liabilities include our outstanding debt obligation. The fair value of our 5.25% Notes was based on observable market prices and is categorized as level 2.</div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify">Table 6.2 presents the carrying value and fair value of our financial assets and liabilities disclosed, but not carried, at fair value at June 30, 2026 and December 31, 2025. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.864%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financial Assets and Liabilities Not Measured at Fair Value</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">6.2</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Carrying Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Carrying Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financial assets</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Other invested assets</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financial liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">5.25% Senior Notes</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">646,874 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">649,604 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">646,138 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">650,442 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

<div style="text-align:justify">Assets measured at fair value, by hierarchy level, as of June 30, 2026 and December 31, 2025 are shown in tables 6.1a and 6.1b below. The fair value of the assets is estimated using the process described above, and in Note 2 - “Significant Accounting Policies” to the consolidated financial statements in our 2025 Annual Report on Form 10-K. </div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.764%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Assets Carried at Fair Value by Hierarchy Level as of June 30, 2026</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">6.1a</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Quoted Prices in Active Markets for Identical Assets</div><div style="text-align:center">(Level 1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Significant Other Observable Inputs</div><div style="text-align:center">(Level 2)</div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">281,188 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">242,076 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">39,112 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,720,565 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,720,565 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,674,673 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,674,673 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">288,121 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361,596 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">233,480 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124,249 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,057 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,129 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,129 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">Total fixed income securities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,701,058 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">242,076 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,458,982 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,274 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,274 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Cash equivalents (1)</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">211,718 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">204,685 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,033 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,928,050 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">462,035 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,466,015 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.764%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Assets Carried at Fair Value by Hierarchy Level as of December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">6.1b</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Quoted Prices in Active Markets for Identical Assets </div><div style="text-align:center">(Level 1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Significant Other Observable Inputs </div><div style="text-align:center">(Level 2)</div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S. Treasury securities and obligations of U.S. government corporations and agencies</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">277,812 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">241,056 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">36,756 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Obligations of U.S. states and political subdivisions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,838,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,838,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Corporate debt securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,691,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,691,272 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">ABS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,561 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,561 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">RMBS</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">358,024 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">358,024 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CMBS</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,783 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,783 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">CLOs</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,287 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">99,287 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign government debt</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,067 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,067 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top">Commercial paper</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,661 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">Total fixed income securities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,791,231 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">241,056 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,550,175 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity securities</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,322 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15,322 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Cash equivalents (1)</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">371,219 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">363,423 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,796 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,177,772 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">619,801 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,557,971 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="18" style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:middle">(1) Includes restricted cash equivalents</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>

281188000

242076000

39112000

1720565000

2674673000

288121000

361596000

233480000

124249000

4057000

13129000

5701058000

242076000

5458982000

15274000

211718000

204685000

7033000

5928050000

462035000

5466015000

277812000

241056000

36756000

1838764000

2691272000

226561000

358024000

238783000

99287000

4067000

56661000

5791231000

241056000

5550175000

15322000

371219000

363423000

7796000

6177772000

619801000

5557971000

-900000

-400000

4200000

2000000.0

2700000

2200000

0.0525

<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify">Table 6.2 presents the carrying value and fair value of our financial assets and liabilities disclosed, but not carried, at fair value at June 30, 2026 and December 31, 2025. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.864%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financial Assets and Liabilities Not Measured at Fair Value</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">6.2</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Carrying Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Carrying Value</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financial assets</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Other invested assets</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,109 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financial liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">5.25% Senior Notes</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">646,874 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">649,604 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">646,138 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">650,442 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

1109000 1109000 1109000 1109000

646874000

649604000

646138000

650442000

Reinsurance<div style="text-align:justify">We have in place reinsurance agreements executed under quota share reinsurance (“QSR”) Transactions and excess-of-loss (“XOL”) Transactions as discussed below. The effect of all of our reinsurance transactions on our consolidated statement of operations is shown in table 7.1 below.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Reinsurance</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>7.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Premiums earned:</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Direct</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">287,520 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">284,123 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">574,447 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">568,944 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Assumed </td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,499 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,738 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,479 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,299 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Ceded:</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12.75pt">Ceded - quota share reinsurance (1)</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(35,590)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(28,101)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(73,359)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(58,044)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 13.75pt;text-align:left;vertical-align:bottom">Ceded - excess-of-loss reinsurance</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,372)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(15,438)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(34,147)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(30,158)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total ceded</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(51,962)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(43,539)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(107,506)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(88,202)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Net premiums earned</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">238,057 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">244,322 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">473,420 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">488,041 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="6" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Losses incurred:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Direct</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,454 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,146 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">64,724 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">17,163 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Assumed</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(71)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(23)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(73)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(18)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Ceded - quota share reinsurance</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,397)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,958)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20,423)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(10,389)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Losses incurred, net</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">10,986 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,835)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,228 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,756 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other Reinsurance Impacts:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Profit commission on quota share reinsurance (1)</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">35,081 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">32,299 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">64,184 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">60,994 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Ceding commission on quota share reinsurance</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">14,135 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">12,081 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">27,509 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">23,808 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Ceded premiums earned are shown net of profit commission.</div><div style="margin-bottom:3pt;text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Quota Share Reinsurance</div><div style="text-align:justify">We have entered into QSR Transactions with panels of third-party reinsurers to cede a fixed percentage of premiums earned and received and losses incurred on insurance covered by the transactions. We receive the benefit of a ceding commission equal to 20% of premiums ceded before profit commission. We also receive the benefit of a profit commission through a reduction of premiums we cede. The profit commission varies inversely with the level of losses on a “dollar for dollar” basis and can be eliminated at annual loss ratios higher than we have experienced on our QSR Transactions. Ceded losses incurred are impacted by the delinquencies covered by </div><div style="text-align:justify">our QSR Transactions, our estimates of payments that will be ultimately made on those delinquencies, and claim payments covered by our QSR Transactions. Each of our QSR Transactions typically have annual loss ratio caps of 300% and lifetime loss ratio caps of 200%.</div><div style="text-align:justify"> </div><div style="text-align:justify">We can elect to terminate the QSR Transactions under specified scenarios without penalty upon prior written notice, including if we will receive less than 90% (80% for the Credit Union QSR Transaction) of the full credit amount under the PMIERs, full financial statement credit or full credit under applicable regulatory capital requirements for the risk ceded in any required calculation period. </div><div style="text-align:justify"> </div><div style="text-align:justify">Under the terms of our QSR Transactions, ceded premiums, ceding commissions, profit commission, and ceded losses paid and LAE paid are settled net on a quarterly basis. The ceded premiums due, after deducting the related ceding commission and profit commission is reported within Other liabilities on the consolidated balance sheets. </div><div style="text-align:justify"> </div><div style="text-align:justify">The reinsurance recoverable on loss reserves related to our QSR Transactions was $76.1 million as of June 30, 2026 and $65.1 million as of December 31, 2025. The reinsurance recoverable balance is secured by funds on deposit from the reinsurers (which does not include letters of credit), the minimum amount of which is based on the greater of 1) a reinsurer's funding requirements under PMIERs or 2) ceded reserves and unpaid losses. Each of the reinsurers under our QSR Transactions has an insurer financial strength rating of A- or better (or a comparable rating) by Standard and Poor's Rating Services, A.M. Best, Moody's, or a combination of the three.</div><div style="text-align:justify"> </div><div style="text-align:justify">Table 7.2 below provides additional detail regarding our QSR Transactions in effect as of June 30, 2026.</div><div style="text-align:justify"> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.038%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.205%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.209%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Quota Share Reinsurance</td></tr><tr><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">7.2</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="12" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quota Share Contract</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Covered Policy Years</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quota Share %</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Annual Loss Ratio to Exhaust Profit Commission (1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Contractual Termination Date</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2020 QSR and 2021 QSR</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2021</div></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14.8 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69.0 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2036</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2021 QSR and 2022 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2021</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11.1 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2036</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2021 QSR and 2022 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13.8 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">67.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2037</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">67.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2037</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2034</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">58.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2034</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2024 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2024</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">30.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">'December 31, 2035</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2025 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2025</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">63.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">'December 31, 2036</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2026 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2026</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2037</td></tr><tr style="height:12pt"><td colspan="6" rowspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:middle">Credit Union QSR </td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2020-2025</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">65.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">50.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2039</td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2026-2030 (2)</div></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">65.0 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">60.0 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2044</td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)We will receive a profit commission provided the annual loss ratio on policies covered under the transaction remains below this ratio.</div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)We can elect early termination of the QSR Transaction beginning on December 31, 2028, and quarterly thereafter. </div><div style="text-align:justify"> </div><div style="margin-top:3pt;text-align:justify">Table 7.3 provides additional detail regarding optional termination dates and optional reductions to our quota share percentage which can, in each case, be elected by us for a fee. Under the optional reduction to the quota share percentage, we may reduce our quota share percentage from the original percentage shown in table 7.2 to the percentage shown in table 7.3. </div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:47.916%"><div style="text-align:justify"> </div></div><div style="display:inline-block;max-width:4.166%;min-width:3.166%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:47.918%"></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.873%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Quota Share Reinsurance</td></tr><tr><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">7.3</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quota Share Contract</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Covered Policy Years</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Optional Termination Date (1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Optional Quota Share % Reduction Date (2)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Optional Reduced Quota Share %</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2020 QSR and 2021 QSR </div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">January 1, 2028</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">12.3% or 10%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2021 QSR and 2022 QSR </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">January 1, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">9.4% or 7%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2021 QSR and 2022 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">June 30, 2028</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">11.5% or 9.2%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">June 30, 2028</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">12.1% or 9.7%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">12.5% or 10%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">8% or 7%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2024 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2024</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2027</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">23% or 15%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2025 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2025</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2027</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">30% or 20%</div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2026 QSR</div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2026</div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2028</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2028</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">30% or 20%</div></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)We can elect early termination of the QSR Transaction beginning on this date, and semi-annually thereafter. </div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)We can elect to reduce the quota share percentage beginning on this date, and semi-annually thereafter. </div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">Excess of Loss Reinsurance</div><div style="text-align:justify">We have XOL Transactions with panels of unaffiliated reinsurers executed through the traditional reinsurance market (“Traditional XOL Transactions”) and with unaffiliated special purpose insurers (“Home Re Transactions”).</div><div style="text-align:justify"> </div><div style="text-align:justify">Under our XOL Transactions, we retain the first layer of aggregate losses, after which the reinsurers provide second layer coverage up to the outstanding reinsurance coverage amount. We retain losses paid in excess of the outstanding reinsurance coverage amount. </div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Traditional XOL Transactions</div><div style="text-align:justify">The reinsurance premiums ceded under the Traditional XOL Transactions are based off of the remaining reinsurance coverage levels. The reinsured coverage levels are secured by funds on deposit from reinsurers (which does not include letters of credit), the minimum amount of which is based on the greater of 1) a reinsurer's funding requirements under PMIERs or 2) ceded reserves and unpaid losses. Each of the reinsurers under our Traditional XOL Transactions has an insurer financial strength rating of A- or better (or a comparable rating) by Standard and Poor’s Rating Services, A.M. Best, Moody’s, or a combination of the three. We can elect to terminate our Traditional XOL Transactions under specified scenarios without penalty upon prior written notice, including if we will receive less than the full credit amount under the PMIERs, full financial statement credit or full credit under applicable regulatory capital requirements for the risk ceded in any required calculation period.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Insurance Linked Notes</div><div style="margin-bottom:3pt;text-align:justify">The Home Re Entities financed the coverages by issuing mortgage insurance-linked notes (“ILNs”) to unaffiliated investors in an aggregate amount equal to the initial reinsurance coverage amounts. Each ILN is non-recourse to any assets of MGIC or affiliates. The proceeds of the ILNs, which were deposited into reinsurance trusts for the benefit of MGIC, will be the source of reinsurance claim payments to MGIC and principal repayments on the ILNs. </div><div style="text-align:justify"> </div><div style="text-align:justify">The reinsurance premiums ceded to each Home Re Entity are composed of coverage, initial expense and supplemental premiums. The coverage premiums are generally calculated as the difference between the amount of interest payable by the Home Re Entity on the remaining reinsurance coverage levels, and the investment income collected on the collateral assets held in a reinsurance trust account and used to collateralize the Home Re Entity’s reinsurance obligation to MGIC. The amount of monthly reinsurance coverage premium ceded will fluctuate due to changes in the reference rate and changes in money market rates that affect investment income collected on the assets in the reinsurance trust. As a result, we concluded that each Home Re Transaction contains an embedded derivative that is accounted for separately as a freestanding derivative. The fair values of the derivatives at June 30, 2026 and December 31, 2025, were not material to our consolidated balance sheet and the change in fair value during the three and six months ended June 30, 2026 and June 30, 2025 were not material to our consolidated statements of operations. (See <a href="#i90aaa19aa7224dd5986c14120f2ced84_58" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:none">Note 5 - “Investments”</a> and <a href="#i90aaa19aa7224dd5986c14120f2ced84_61" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:none">Note 6 - “Fair Value Measurements</a>”.) </div><div style="text-align:justify"> </div><div style="text-align:justify">Payment of principal on the related ILNs will be suspended and the reinsurance coverage available to MGIC under the transactions will not be reduced by such principal payments until a target level of credit enhancement is obtained or if certain thresholds or “Trigger Events” are reached, as defined in the related ILNs transaction agreement. As of June 30, 2026, there were no "Trigger Events". </div><div style="text-align:justify"> </div><div style="text-align:justify">The following table provides a summary of our XOL Transactions that were in effect as of June 30, 2026. </div><div style="text-align:justify"> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Excess of Loss Reinsurance</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table 7.4a</td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">Issue Date</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Policy In Force Dates</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Optional Call Date (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">Legal Maturity</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2026 Traditional XOL</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2026 - December 31, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2032</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2025 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 1, 2025</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2025 - December 31, 2025</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2024 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2024</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2024 - December 31, 2024</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2030</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2023 Traditional XOL</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2023 - December 29, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2022 Traditional XOL</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2022 - December 30, 2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2030</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2021 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">December 1, 2025</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2021 - December 31, 2021</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2020 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">March 1, 2025</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2020 - December 31, 2020</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2030</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Home Re 2026-1, Ltd.</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 29, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2022 - March 31, 2025</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 25, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2023-1, Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">October 23, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 1, 2022 - August 31, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">October 25, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2022-1, Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 26, 2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">May 29, 2021 - December 31, 2021</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 25, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">12.5 years</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2021-2, Ltd.</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">August 3, 2021</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2021 - May 28, 2021</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">July 25, 2028</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">12.5 years</td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)We have the right to terminate the Home Re Transactions under certain circumstances, including an optional call feature that provides us the right to terminate if the outstanding principal balance of the related insurance-linked notes falls below 10% of the initial principal balance of the related insurance-linked notes, and on any payment date on or after the respective Optional Call Date. We can elect early termination of the Traditional XOL Transactions beginning on this date, and quarterly thereafter.</div><div style="margin-top:3pt;text-align:justify">Tables 7.4b and 7.4c provide additional information about our XOL Transactions in effect as of the dates indicated. Tables 7.4b and 7.4c exclude the 2026 Traditional XOL Transaction, which is still within its contractual fill-up period covering policies in force from January 1, 2026 through December 31, 2026. The 2026 Traditional XOL Transaction provides up to $184 million of reinsurance coverage on eligible NIW in 2026. </div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:21.184%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.806%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Table 7.4b</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Remaining First Layer Retention</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">($ in thousands)</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Initial First Layer Retention</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2025 Traditional XOL</div></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">95,966 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">95,912 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">95,966 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2024 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">125,016 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">122,496 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">124,458 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2023 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">70,578 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">67,476 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">69,060 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2022 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">82,523 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">75,399 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">78,023 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2021 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,291 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,195 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,291 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2020 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">68,343 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">68,287 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">68,288 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Home Re 2026-1, Ltd.</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">231,769 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">231,638 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Home Re 2023-1, Ltd.</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">272,961 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">260,580 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">266,371 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2022-1, Ltd.</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">325,589 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">316,119 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">318,906 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2021-2, Ltd.</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">190,159 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">185,979 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">187,030 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:17.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.792%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Table 7.4c</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Remaining Excess of Loss Reinsurance Coverage (1)</div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">($ in thousands)</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Initial Excess of Loss Reinsurance Coverage (1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Initial Funding Percentage (2)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Funding Percentage at 6/30/2026 (2)</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2025 Traditional XOL</div></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:middle">151,851 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:middle">151,851 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:middle">151,851 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2024 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">187,220 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">164,204 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">187,220 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2023 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">96,942 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">53,215 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">64,217 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2022 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,642 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">91,397 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100,274 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2021 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,000 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,000 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,000 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2020 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,592 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,592 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,592 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Home Re 2026-1, Ltd.</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">323,504 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">298,264 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2023-1, Ltd.</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">330,277 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">97 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">95 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">195,606 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">231,708 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2022-1, Ltd.</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">473,575 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">167,497 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">207,641 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Home Re 2021-2, Ltd.</div></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">398,429 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">51,101 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">84,376 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:1pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)The initial and remaining excess of loss reinsurance coverage is reduced by the applicable funding percentage. </div><div style="margin-top:1pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)The funding percentage represents the aggregate outstanding note balances divided by the aggregate ending coverage amounts.</div><div style="margin-top:3pt;text-align:justify;text-indent:-13.5pt"> </div><div style="text-align:justify">At the time the Home Re Transactions were entered into, we concluded that each Home Re Entity is a variable interest entity (“VIE”). A VIE is a legal entity that does not have sufficient equity at risk to finance its activities without additional subordinated financial support or is structured such that equity investors lack the ability to make sufficient decisions relating to the entity’s operations through voting rights or do not substantively participate in gains and losses of the entity. Given that MGIC (1) does not have the unilateral power to direct the activities that most significantly affect each Home Re Entity’s economic performance and (2) does not have the obligation, outside the terms of the reinsurance agreement, to absorb losses or the right to receive benefits of each Home Re Entity that could be significant to the Home Re Entity, consolidation of the Home Re Entities is not required.</div><div style="text-align:justify"> </div><div style="text-align:justify">We are required to disclose our maximum exposure to loss, which we consider to be an amount that we could be required to record in our statements of operations, as a result of our involvement with the VIEs under our Home Re Transactions. As of June 30, 2026, and December 31, 2025, we did not have material exposure to the VIEs as we have no investment in the VIEs and had no reinsurance claim payments due from the VIEs under our reinsurance transactions. We are unable to determine the timing or extent of claims from losses that may be ceded under the reinsurance transactions. The VIE assets are deposited in reinsurance trusts for the benefit of MGIC that will be the source of reinsurance claim payments to MGIC. The purpose of the reinsurance trusts is to provide security to MGIC for the obligations of the VIEs under the reinsurance transactions. The trustee of the reinsurance trusts, a recognized provider of corporate trust services, has established segregated accounts within the reinsurance trusts for the benefit of MGIC, pursuant to the trust agreements. The trust agreements are governed by, and construed in accordance with, the laws of the State of New York. If the trustee of the reinsurance trusts failed to distribute claim payments to us as provided in the reinsurance trusts, we would incur a loss related to our losses ceded under the reinsurance transactions and deemed unrecoverable. We are also unable to determine the impact such possible failure by the trustee to perform pursuant to the reinsurance trust agreements may have on our consolidated financial statements. As a result, we are unable to quantify our maximum exposure to loss related to our involvement with the VIEs. MGIC has certain termination rights under the reinsurance transactions should its claims not be paid.</div><div style="text-align:justify">Table 7.5 presents the total assets of the Home Re Entities as of June 30, 2026 and December 31, 2025.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:59.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.288%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.327%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.292%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re total assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">7.5</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total VIE Assets</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re Entity</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">December 31, 2025</div></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Home Re 2026-1 Ltd.</div></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">303,250 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">N/A</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2023-1 Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">201,649 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237,900 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2022-1 Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">175,008 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">214,788 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2021-2 Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,774 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">89,865 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="6" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:justify">The reinsurance trust agreements provide that the trust assets may generally only be invested in certain money market funds that (i) invest at least 99.5% of their total assets in cash or direct U.S. federal government obligations, such as U.S. Treasury bills, as well as other short-term securities backed by the full faith and credit of the U.S. federal government or issued by an agency of the U.S. federal government, (ii) have a principal stability fund rating of “AAAm” by S&P or a money market fund rating of “Aaamf” by Moody’s as of the Closing Date and thereafter maintain any rating with either S&P or Moody’s, and (iii) are permitted investments under the applicable credit for reinsurance laws and applicable PMIERs credit for reinsurance requirements.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">Reinsurance transactions effective in subsequent periods</div><div style="margin-bottom:3pt;text-align:justify">QSR Transactions</div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt">•We executed a 40% QSR Transaction with a group of unaffiliated reinsurers covering eligible NIW in 2027. </div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify"> Traditional XOL Transactions</div><div style="padding-left:27pt;text-align:justify;text-indent:-18pt">•We executed a traditional excess-of-loss reinsurance transaction which provides up to $168 million of reinsurance coverage on eligible NIW in 2027.</div>

The effect of all of our reinsurance transactions on our consolidated statement of operations is shown in table 7.1 below.<div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Reinsurance</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>7.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Premiums earned:</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Direct</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">287,520 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">284,123 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">574,447 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">568,944 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Assumed </td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,499 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,738 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,479 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,299 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Ceded:</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12.75pt">Ceded - quota share reinsurance (1)</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(35,590)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(28,101)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(73,359)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(58,044)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 13.75pt;text-align:left;vertical-align:bottom">Ceded - excess-of-loss reinsurance</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16,372)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(15,438)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(34,147)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(30,158)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total ceded</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(51,962)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(43,539)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(107,506)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(88,202)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Net premiums earned</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">238,057 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">244,322 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">473,420 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">488,041 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="6" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Losses incurred:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Direct</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,454 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,146 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">64,724 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:bottom">17,163 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Assumed</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(71)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(23)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(73)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(18)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Ceded - quota share reinsurance</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,397)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,958)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20,423)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(10,389)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Losses incurred, net</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">10,986 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,835)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,228 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,756 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other Reinsurance Impacts:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Profit commission on quota share reinsurance (1)</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">35,081 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">32,299 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">64,184 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0;text-align:right;vertical-align:middle">60,994 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Ceding commission on quota share reinsurance</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">14,135 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">12,081 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">27,509 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">23,808 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Ceded premiums earned are shown net of profit commission.</div>

287520000

284123000

574447000

568944000

2499000

3738000

6479000

7299000

35590000

28101000

73359000

58044000

16372000

15438000

34147000

30158000

51962000

43539000

107506000

88202000

238057000

244322000

473420000

488041000

19454000

1146000

64724000

17163000

-71000 -23000 -73000 -18000

8397000

3958000

20423000

10389000

10986000

-2835000

44228000

6756000

35081000 32299000 64184000 60994000 14135000 12081000 27509000 23808000 0.20 3 2 0.90 0.80

76100000

65100000

<div style="text-align:justify">Table 7.2 below provides additional detail regarding our QSR Transactions in effect as of June 30, 2026.</div><div style="text-align:justify"> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.038%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.205%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.209%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Quota Share Reinsurance</td></tr><tr><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">7.2</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="12" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quota Share Contract</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Covered Policy Years</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quota Share %</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Annual Loss Ratio to Exhaust Profit Commission (1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Contractual Termination Date</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2020 QSR and 2021 QSR</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2021</div></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14.8 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69.0 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2036</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2021 QSR and 2022 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2021</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11.1 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2036</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2021 QSR and 2022 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13.8 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">67.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2037</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">67.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2037</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2034</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">58.5 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2034</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2024 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2024</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">30.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">'December 31, 2035</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2025 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2025</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">63.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">'December 31, 2036</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">2026 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2026</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2037</td></tr><tr style="height:12pt"><td colspan="6" rowspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:middle">Credit Union QSR </td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2020-2025</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">65.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">50.0 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2039</td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2026-2030 (2)</div></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">65.0 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">60.0 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2044</td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)We will receive a profit commission provided the annual loss ratio on policies covered under the transaction remains below this ratio.</div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)We can elect early termination of the QSR Transaction beginning on December 31, 2028, and quarterly thereafter. </div><div style="text-align:justify"> </div><div style="margin-top:3pt;text-align:justify">Table 7.3 provides additional detail regarding optional termination dates and optional reductions to our quota share percentage which can, in each case, be elected by us for a fee. Under the optional reduction to the quota share percentage, we may reduce our quota share percentage from the original percentage shown in table 7.2 to the percentage shown in table 7.3. </div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:47.916%"><div style="text-align:justify"> </div></div><div style="display:inline-block;max-width:4.166%;min-width:3.166%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:47.918%"></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.873%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Quota Share Reinsurance</td></tr><tr><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">7.3</td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quota Share Contract</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Covered Policy Years</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Optional Termination Date (1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Optional Quota Share % Reduction Date (2)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Optional Reduced Quota Share %</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2020 QSR and 2021 QSR </div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">January 1, 2028</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">12.3% or 10%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2021 QSR and 2022 QSR </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">January 1, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">9.4% or 7%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2021 QSR and 2022 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">June 30, 2028</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">11.5% or 9.2%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">June 30, 2028</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">12.1% or 9.7%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2022 QSR and 2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">12.5% or 10%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2023 QSR</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">July 1, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">8% or 7%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2024 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2024</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">December 31, 2027</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">23% or 15%</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2025 QSR</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2025</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right">December 31, 2027</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2027</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">30% or 20%</div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2026 QSR</div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt">2026</div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2028</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:top">December 31, 2028</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">30% or 20%</div></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)We can elect early termination of the QSR Transaction beginning on this date, and semi-annually thereafter. </div>(2)We can elect to reduce the quota share percentage beginning on this date, and semi-annually thereafter. 0.148

0.690

0.111

0.690

0.138

0.675

0.145

0.675

0.150

0.620

0.100

0.585

0.300

0.560

0.400

0.630

0.400

0.620

0.650

0.500

0.650

0.600

0.123 0.10 0.094 0.07 0.115 0.092 0.121 0.097 0.125 0.10 0.08 0.07 0.23 0.15 0.30 0.20 0.30 0.20

<div style="text-align:justify">The following table provides a summary of our XOL Transactions that were in effect as of June 30, 2026. </div><div style="text-align:justify"> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Excess of Loss Reinsurance</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table 7.4a</td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">Issue Date</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Policy In Force Dates</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Optional Call Date (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">Legal Maturity</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2026 Traditional XOL</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2026 - December 31, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2032</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2025 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 1, 2025</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2025 - December 31, 2025</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2024 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2024</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2024 - December 31, 2024</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2030</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2023 Traditional XOL</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2023 - December 29, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2022 Traditional XOL</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2022 - December 30, 2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2030</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2021 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">December 1, 2025</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2021 - December 31, 2021</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2020 Traditional XOL</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">March 1, 2025</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2020 - December 31, 2020</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 1, 2030</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Home Re 2026-1, Ltd.</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 29, 2026</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">January 1, 2022 - March 31, 2025</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 25, 2031</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2023-1, Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">October 23, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 1, 2022 - August 31, 2023</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">October 25, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2022-1, Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 26, 2022</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">May 29, 2021 - December 31, 2021</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">April 25, 2028</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">12.5 years</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2021-2, Ltd.</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">August 3, 2021</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">January 1, 2021 - May 28, 2021</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">July 25, 2028</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:center;vertical-align:middle">12.5 years</td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)We have the right to terminate the Home Re Transactions under certain circumstances, including an optional call feature that provides us the right to terminate if the outstanding principal balance of the related insurance-linked notes falls below 10% of the initial principal balance of the related insurance-linked notes, and on any payment date on or after the respective Optional Call Date. We can elect early termination of the Traditional XOL Transactions beginning on this date, and quarterly thereafter.</div>Tables 7.4b and 7.4c provide additional information about our XOL Transactions in effect as of the dates indicated.<div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.722%"><tr><td style="width:1.0%"></td><td style="width:21.184%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.806%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Table 7.4b</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Remaining First Layer Retention</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">($ in thousands)</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Initial First Layer Retention</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2025 Traditional XOL</div></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">95,966 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">95,912 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">95,966 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2024 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">125,016 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">122,496 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">124,458 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2023 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">70,578 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">67,476 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">69,060 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">2022 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">82,523 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">75,399 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">78,023 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2021 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,291 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,195 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,291 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2020 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">68,343 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">68,287 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">68,288 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Home Re 2026-1, Ltd.</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">231,769 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">231,638 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Home Re 2023-1, Ltd.</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">272,961 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">260,580 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">266,371 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2022-1, Ltd.</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">325,589 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">316,119 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">318,906 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Home Re 2021-2, Ltd.</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">190,159 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">185,979 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">187,030 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:17.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.792%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Table 7.4c</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Remaining Excess of Loss Reinsurance Coverage (1)</div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">($ in thousands)</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Initial Excess of Loss Reinsurance Coverage (1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Initial Funding Percentage (2)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Funding Percentage at 6/30/2026 (2)</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2025 Traditional XOL</div></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:middle">151,851 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:middle">151,851 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:middle">151,851 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2024 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">187,220 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">164,204 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">187,220 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2023 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">96,942 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">53,215 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">64,217 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2022 Traditional XOL</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">142,642 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">91,397 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100,274 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>2021 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,000 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,000 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,000 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>2020 Traditional XOL</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,592 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,592 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">250,592 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Home Re 2026-1, Ltd.</div></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">323,504 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">298,264 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">N/A</div></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2023-1, Ltd.</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">330,277 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">97 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">95 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">195,606 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">231,708 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2022-1, Ltd.</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">473,575 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">167,497 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">207,641 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Home Re 2021-2, Ltd.</div></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">398,429 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">100 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">51,101 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">84,376 </td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:1pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)The initial and remaining excess of loss reinsurance coverage is reduced by the applicable funding percentage. </div><div style="margin-top:1pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)The funding percentage represents the aggregate outstanding note balances divided by the aggregate ending coverage amounts.</div>

P10Y P10Y P10Y P10Y P10Y P10Y P10Y P10Y P10Y P12Y6M P12Y6M 0.10 184000000 95966000

95912000

95966000

125016000

122496000

124458000

70578000

67476000

69060000

82523000

75399000

78023000

142291000

142195000

142291000

68343000

68287000

68288000

231769000

231638000

272961000

260580000

266371000

325589000

316119000

318906000

190159000

185979000

187030000

151851000

187220000

164204000

187220000

96942000

53215000

64217000

142642000

91397000

100274000

250000000

250592000

323504000 1 1

298264000

330277000 0.97 0.95

195606000

231708000

473575000 1 1

167497000

207641000

398429000 1 1

51101000

84376000

<div style="text-align:justify">Table 7.5 presents the total assets of the Home Re Entities as of June 30, 2026 and December 31, 2025.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:59.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.288%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.327%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.292%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re total assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">7.5</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total VIE Assets</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re Entity</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">December 31, 2025</div></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Home Re 2026-1 Ltd.</div></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">303,250 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">N/A</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2023-1 Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">201,649 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237,900 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2022-1 Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">175,008 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">214,788 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Home Re 2021-2 Ltd.</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,774 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">89,865 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="6" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td></tr></table></div>

303250000

201649000

237900000

175008000

214788000

56774000

89865000

0.995 0.40 168000000

Loss Reserves<div style="text-align:justify">We establish case reserves and LAE reserves on delinquent loans that were reported to us as two or more payments past due and have not become current or resulted in a claim payment. Such loans are referred to as being in our delinquency inventory. Case reserves are established by estimating the number of loans in our delinquency inventory that will result in a claim payment, which is referred to as the claim rate, and further estimating the amount of the claim payment, which is referred to as claim severity.</div><div style="text-align:justify"> </div><div style="text-align:justify">IBNR reserves are established for estimated losses from delinquencies we estimate have occurred prior to the close of an accounting period, but have not yet been reported to us. IBNR reserves are also established using estimated claim rates and claim severities.</div><div style="text-align:justify"> </div><div style="text-align:justify">Estimation of losses is inherently judgmental. The conditions that affect our estimates include the current and future state of the domestic economy, including unemployment and the strength of local housing markets; exposure on insured loans; the number of loans reported to us as delinquent; the amount of time between delinquency and claim filing (all else being equal, the longer the period between delinquency and claim filing, the greater the severity); the effectiveness of loss mitigation efforts; and curtailments and rescissions. Additionally, past and future government initiatives and actions taken by the GSEs to keep borrowers in their homes may impact our estimates. The actual amount of the claim payments may differ substantially from our loss reserve estimates, and changes in those estimates, whether arising from the factors described above or from other unforeseen circumstances, could materially affect our financial results, even in a stable economic environment. </div><div style="text-align:justify"> </div><div style="text-align:justify">In considering the potential sensitivity of the factors underlying our estimate of loss reserves, it is possible that even a relatively small change in our estimated claim rate or claim severity could have a material impact on loss reserves and, correspondingly, on our consolidated results of operations even in a stable economic environment. For example, as of June 30, 2026, assuming all other factors remain constant, a $1,000 increase/decrease in the average severity reserve factor would change the loss reserve amount by approximately +/- $7 million. A one percentage point increase/decrease in the average claim rate reserve factor would change the loss reserve amount by approximately +/- $19 million.</div><div style="text-align:justify"> </div><div style="text-align:justify">The “Losses incurred” section of table 8.1 below shows losses incurred on delinquencies that occurred in the current year and in prior years. The amount of losses incurred relating to delinquencies that occurred in the current year represents the estimated amount to be ultimately paid on such delinquencies. The amount of losses incurred relating to delinquencies that occurred in prior years represents the difference between the actual claim rate and claim severity associated with those delinquencies resolved in the current year compared to the estimated claim rate and claim severity at the prior year-end, as well as a re-estimation of amounts to be ultimately paid on delinquencies continuing from the end of the prior year. This re-estimation of the claim rate and claim severity is the result of our review of current trends in the delinquency inventory, such as percentages of delinquencies that have resulted in a claim, the amount of the claims relative to the average loan exposure, changes in the relative level of delinquencies by geography and changes in average loan exposure.</div><div style="text-align:justify">The “Losses paid” section of table 8.1 below shows the amount of losses paid on delinquencies that occurred in the current year and losses paid on delinquencies that occurred in prior years. </div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Table 8.1 provides a reconciliation of beginning and ending loss reserves as of and for the six months ended June 30, 2026 and 2025.</div><div style="margin-bottom:9pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:64.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Development of Reserves for Losses and Loss Adjustment Expenses</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>8.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Reserve at beginning of period</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">474,884 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">462,662 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Less reinsurance recoverable</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">65,055 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">47,281 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net reserve at beginning of period</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">409,829 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">415,381 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Losses incurred:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Losses and LAE incurred in respect of delinquency notices received in:</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Current year</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">117,760 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">111,093 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Prior years (1)</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(73,532)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(104,337)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Total losses incurred</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,228 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,756 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Losses paid:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Losses and LAE paid in respect of delinquency notices received in:</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Current year</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Prior years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">38,138 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">23,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Total losses paid</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">38,200 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">23,764 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net reserve at end of period</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">415,857 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">398,373 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Plus reinsurance recoverable</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">76,144 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">53,781 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Reserve at end of period</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">492,001 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">452,154 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)A positive number for prior year loss reserve development indicates a deficiency of prior year reserves. A negative number for prior year loss reserve development indicates a redundancy of prior year loss reserves. See the following table for more information about prior year loss reserve development.</div><div style="text-align:justify"> </div><div style="text-align:justify">The increase in the current year losses incurred in the six months ended June 30, 2026 as compared to the six months ended June 30, 2025 is primarily due to an increase in new delinquencies reported and an increase in estimated severity on current year delinquencies.</div><div style="text-align:justify"> </div><div style="text-align:justify">The favorable loss development on previously received delinquencies for the six months ended June 30, 2026 and June 30, 2025 primarily resulted from a decrease in the expected claim rate on previously received delinquencies. Home price appreciation experienced in recent years has allowed some borrowers to cure their delinquencies through the sale of their property. </div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">The prior year loss reserve development for the six months ended June 30, 2026 and 2025 is shown in table 8.2 below.</div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:65.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.112%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.115%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Reserve Development on Previously Received Delinquencies</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table </td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>8.2</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Increase (decrease) in estimated claim rate on primary defaults</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(65,125)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(98,645)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Change in estimates related to severity on primary defaults, pool reserves, LAE reserves, reinsurance, and other</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,407)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5,692)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Total prior year loss development (1)</div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(73,532)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(104,337)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)A positive number for prior year loss reserve development indicates a deficiency of prior year loss reserves. A negative number for prior year loss reserve development indicates a redundancy of prior year loss reserves.</div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.666%"><div style="margin-bottom:3pt;text-align:justify"> </div></div><div style="display:inline-block;max-width:6.666%;min-width:5.666%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.668%"></div></div><div style="margin-bottom:3pt;text-align:justify">Premium Refunds</div><div style="text-align:justify">Our estimate of premiums to be refunded on expected claim payments is accrued for separately in “Other Liabilities” on our consolidated balance sheets and was $11.0 million and $11.4 million at June 30, 2026 and December 31, 2025, respectively.</div>

7000000

19000000

<div style="margin-bottom:3pt;text-align:justify">Table 8.1 provides a reconciliation of beginning and ending loss reserves as of and for the six months ended June 30, 2026 and 2025.</div><div style="margin-bottom:9pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:64.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.652%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Development of Reserves for Losses and Loss Adjustment Expenses</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>8.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Reserve at beginning of period</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">474,884 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">462,662 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Less reinsurance recoverable</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">65,055 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">47,281 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net reserve at beginning of period</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">409,829 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">415,381 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Losses incurred:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Losses and LAE incurred in respect of delinquency notices received in:</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Current year</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">117,760 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">111,093 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Prior years (1)</div></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(73,532)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(104,337)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Total losses incurred</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,228 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,756 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Losses paid:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Losses and LAE paid in respect of delinquency notices received in:</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Current year</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Prior years</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">38,138 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">23,764 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Total losses paid</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">38,200 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">23,764 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net reserve at end of period</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">415,857 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">398,373 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Plus reinsurance recoverable</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">76,144 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">53,781 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Reserve at end of period</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">492,001 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">452,154 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)A positive number for prior year loss reserve development indicates a deficiency of prior year reserves. A negative number for prior year loss reserve development indicates a redundancy of prior year loss reserves. See the following table for more information about prior year loss reserve development.</div>

474884000

462662000

65055000

47281000

409829000

415381000

117760000

111093000

-73532000

-104337000

44228000

6756000

62000

38138000

23764000

38200000

23764000

415857000

398373000

76144000

53781000

492001000

452154000

<div style="margin-bottom:3pt;text-align:justify">The prior year loss reserve development for the six months ended June 30, 2026 and 2025 is shown in table 8.2 below.</div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:4.463%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:65.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.112%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.115%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Reserve Development on Previously Received Delinquencies</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table </td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>8.2</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Increase (decrease) in estimated claim rate on primary defaults</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(65,125)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(98,645)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Change in estimates related to severity on primary defaults, pool reserves, LAE reserves, reinsurance, and other</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,407)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5,692)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Total prior year loss development (1)</div></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(73,532)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(104,337)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)A positive number for prior year loss reserve development indicates a deficiency of prior year loss reserves. A negative number for prior year loss reserve development indicates a redundancy of prior year loss reserves.</div>

-65125000

-98645000

-8407000

-5692000

-73532000

-104337000

11000000.0 11400000

Other Comprehensive Income<div style="text-align:justify">The pretax and related income tax benefit (expense) components of our other comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025 are included in table 9.1 below. </div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Components of Other Comprehensive Income (Loss)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>9.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2025</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net unrealized investment (losses) gains arising during the period</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,887)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">36,105 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(43,960)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">101,511 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">396 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(7,582)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,231 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(21,317)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,491)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28,523 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(34,729)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80,194 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net changes in benefit plan assets and obligations</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">190 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,738 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">380 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,796 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(40)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(785)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(80)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(797)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">150 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,953 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">300 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,999 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss)</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,697)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39,843 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(43,580)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">105,307 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">356 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,367)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,151 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(22,114)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss), net of tax</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,341)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">31,476 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(34,429)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">83,193 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div> </div><div style="text-align:justify">The pretax and related income tax benefit (expense) components of the amounts reclassified from our accumulated other comprehensive income (loss) (“AOCI”) to our consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 are included in table 9.2 below.</div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.066%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.066%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Reclassifications from AOCI</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>9.2</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2025</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Reclassification adjustment for net realized (losses) gains (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,747)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,432)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,845)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(10,413)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">577 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">931 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">598 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,187 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,170)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,501)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,247)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,226)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Reclassification adjustment related to benefit plan assets and obligations (2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(190)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,738)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(380)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,796)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">785 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">797 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(150)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,953)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(300)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,999)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total reclassifications</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,937)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,170)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,225)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14,209)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">617 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,716 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">678 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,984 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total reclassifications, net of tax</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,320)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(6,454)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,547)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(11,225)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Increases (decreases) Net realized investment gains (losses) on the consolidated statements of operations.</div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.</div><div> </div><div style="text-align:justify">A rollforward of AOCI for the six months ended June 30, 2026, including amounts reclassified from AOCI, are included in table 9.3 below.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.633%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.432%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Rollforward of AOCI</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>9.3</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30, 2026</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Net unrealized gains and (losses) on available-for-sale securities</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Net benefit plan assets and (obligations) recognized in shareholders' equity</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total accumulated other comprehensive income (loss)</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at December 31, 2025, net of tax</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(120,686)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(13,708)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(134,394)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other comprehensive income (loss) before reclassifications</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(36,976)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(36,976)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Less: Amounts reclassified from AOCI</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,247)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(300)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,547)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance, June 30, 2026, net of tax</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(155,415)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(13,408)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(168,823)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

<div style="text-align:justify">The pretax and related income tax benefit (expense) components of our other comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025 are included in table 9.1 below. </div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.844%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Components of Other Comprehensive Income (Loss)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>9.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2025</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net unrealized investment (losses) gains arising during the period</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,887)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">36,105 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(43,960)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">101,511 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">396 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(7,582)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,231 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(21,317)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,491)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28,523 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(34,729)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80,194 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net changes in benefit plan assets and obligations</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">190 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,738 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">380 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,796 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(40)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(785)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(80)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(797)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">150 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,953 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">300 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,999 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss)</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,697)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39,843 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(43,580)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">105,307 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">356 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,367)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,151 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(22,114)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss), net of tax</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,341)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">31,476 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(34,429)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">83,193 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

-1887000

36105000

-43960000

101511000

-396000

7582000

-9231000

21317000

-1491000

28523000

-34729000

80194000

190000

3738000

380000

3796000

40000

785000

80000

797000

150000

2953000

300000

2999000

-1697000

39843000

-43580000

105307000

-356000

8367000

-9151000

22114000

-1341000

31476000

-34429000

83193000

<div style="text-align:justify">The pretax and related income tax benefit (expense) components of the amounts reclassified from our accumulated other comprehensive income (loss) (“AOCI”) to our consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 are included in table 9.2 below.</div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.066%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.066%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Reclassifications from AOCI</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>9.2</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2025</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Reclassification adjustment for net realized (losses) gains (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,747)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,432)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,845)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(10,413)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">577 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">931 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">598 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,187 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,170)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,501)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,247)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,226)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Reclassification adjustment related to benefit plan assets and obligations (2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(190)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,738)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(380)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,796)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">785 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">797 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt">Net of tax</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(150)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,953)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(300)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,999)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total reclassifications</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,937)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,170)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,225)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14,209)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Income tax benefit (expense)</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">617 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,716 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">678 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,984 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total reclassifications, net of tax</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,320)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(6,454)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,547)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(11,225)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Increases (decreases) Net realized investment gains (losses) on the consolidated statements of operations.</div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.</div>

-2747000

-4432000

-2845000

-10413000

-577000

-931000

-598000

-2187000

-2170000

-3501000

-2247000

-8226000

-190000

-3738000

-380000

-3796000

-40000

-785000

-80000

-797000

-150000

-2953000

-300000

-2999000

-2937000

-8170000

-3225000

-14209000

-617000

-1716000

-678000

-2984000

-2320000

-6454000

-2547000

-11225000

<div style="text-align:justify">A rollforward of AOCI for the six months ended June 30, 2026, including amounts reclassified from AOCI, are included in table 9.3 below.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.633%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.427%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.432%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Rollforward of AOCI</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>9.3</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30, 2026</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Net unrealized gains and (losses) on available-for-sale securities</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Net benefit plan assets and (obligations) recognized in shareholders' equity</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total accumulated other comprehensive income (loss)</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at December 31, 2025, net of tax</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(120,686)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(13,708)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(134,394)</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other comprehensive income (loss) before reclassifications</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(36,976)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(36,976)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Less: Amounts reclassified from AOCI</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,247)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(300)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,547)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance, June 30, 2026, net of tax</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(155,415)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(13,408)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(168,823)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

-120686000

-13708000

-134394000

-36976000

-2247000

-300000

-2547000

-155415000

-13408000

-168823000

Benefit Plans<div style="margin-bottom:9pt;text-align:justify">We have a non-contributory defined benefit pension plan, as well as a supplemental executive retirement plan that covered eligible employees through December 31, 2022. Effective January 1, 2023, these plans were frozen (no future benefits will be accrued for participants due to employment and no new participants will be added). Participants in these plans were fully vested in their benefits as of December 31, 2022. We also offer benefits for retired domestic employees and their eligible spouses and dependents under a postretirement benefit plan. Participation in this plan is limited to eligible employees that participated in the defined benefit pension plan. </div><div style="margin-bottom:9pt;text-align:justify">Table 10.1 and 10.2 provide the components of net periodic benefit cost for our pension, supplemental executive retirement and other postretirement benefit plans for the three and six months ended June 30, 2026 and 2025.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.633%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Components of Net Periodic Benefit Cost</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>10.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Pension and Supplemental Executive Retirement Plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Other Postretirement Benefit Plans</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Company service cost (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">500 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">209 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">235 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest cost</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,013 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,297 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">283 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">311 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Expected return on plan assets</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,079)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,442)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,395)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,911)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Amortization of:</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Net actuarial losses (gains)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">948 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">546 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(962)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(693)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Prior service cost (credit)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">87 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">87 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">119 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">117 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cost of settlements and curtailments</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,680 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net periodic benefit cost (benefit)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,469 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,168 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(3,746)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,941)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Components of net periodic benefit cost</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">10.2</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Six Months Ended June 30,</div></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Pension and Supplemental Executive Retirement Plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Other Postretirement Benefit Plans</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Company service cost (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,000 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">418 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">469 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest cost</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,026 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,596 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">566 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">622 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Expected return on plan assets</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,157)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,884)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,789)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5,822)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Amortization of:</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Net actuarial losses (gains)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,895 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,092 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,923)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,385)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Prior service cost (credit)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">173 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">173 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cost of settlements and curtailments</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,680 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net periodic benefit cost (benefit)</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,937 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,657 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(7,492)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(5,881)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Effective January 1, 2026, company service cost includes expected administrative expenses of the defined benefit pension plan.</div>

<div style="margin-bottom:9pt;text-align:justify">Table 10.1 and 10.2 provide the components of net periodic benefit cost for our pension, supplemental executive retirement and other postretirement benefit plans for the three and six months ended June 30, 2026 and 2025.</div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.633%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Components of Net Periodic Benefit Cost</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>10.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Pension and Supplemental Executive Retirement Plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Other Postretirement Benefit Plans</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Company service cost (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">500 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">209 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">235 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest cost</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,013 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,297 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">283 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">311 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Expected return on plan assets</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,079)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,442)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,395)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,911)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Amortization of:</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Net actuarial losses (gains)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">948 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">546 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(962)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(693)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Prior service cost (credit)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">87 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">87 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">119 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">117 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cost of settlements and curtailments</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,680 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net periodic benefit cost (benefit)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,469 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,168 </td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(3,746)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,941)</td><td style="border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="30" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">Components of net periodic benefit cost</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">10.2</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Six Months Ended June 30,</div></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Pension and Supplemental Executive Retirement Plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Other Postretirement Benefit Plans</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Company service cost (1)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,000 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">418 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">469 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest cost</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,026 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,596 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">566 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">622 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Expected return on plan assets</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,157)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,884)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,789)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5,822)</td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Amortization of:</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Net actuarial losses (gains)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,895 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,092 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,923)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,385)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Prior service cost (credit)</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">173 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">173 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cost of settlements and curtailments</td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,680 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net periodic benefit cost (benefit)</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,937 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,657 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(7,492)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(5,881)</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Effective January 1, 2026, company service cost includes expected administrative expenses of the defined benefit pension plan.</div>

500000

209000

235000

3013000

3297000

283000

311000

3079000

3442000

3395000

2911000

-948000

-546000

962000

693000

87000

119000

117000

-3680000

1469000

4168000

-3746000

-2941000

1000000

418000

469000

6026000

6596000

566000

622000

6157000

6884000

6789000

5822000

-1895000

-1092000

1923000

1385000

173000

236000

235000

-3680000

2937000

4657000

-7492000

-5881000

Shareholders’ Equity <div style="margin-bottom:3pt;text-align:justify">Share Repurchase Programs</div><div style="margin-bottom:3pt;text-align:justify">Repurchases of our common stock may be made from time to time on the open market (including through 10b5-1 plans) or through privately negotiated transactions. In the six months ended June 30, 2026, we repurchased 13.8 million shares for $369.2 million, inclusive of commissions. In 2025, we repurchased approximately 30.1 million shares of our common stock for $782.0 million, inclusive of commissions. As of June 30, 2026, we had remaining authorization to repurchase $806.0 million of our common stock under our existing share repurchase programs through December 31, 2028. Through July 24, 2026, we repurchased an additional 1.5 million shares for $42.4 million, inclusive of commissions.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Cash Dividends</div><div style="margin-bottom:3pt;text-align:justify">In the first and second quarters of 2026, we paid quarterly cash dividends of $0.15 per share. On July 23, 2026, the Board of Directors declared a quarterly cash dividend to the holders of the company’s common stock of $0.17 per share payable on August 20, 2026, to shareholders of record on August 5, 2026.</div>

13800000

369200000

30100000

782000000.0

806000000.0

1500000

42400000

0.15

0.17

Share-Based Compensation<div style="text-align:justify">We have certain share-based compensation plans. Under the fair value method, compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period which generally corresponds to the vesting period. Awards under our plans generally vest over periods ranging from one to three years, although awards to our non-employee directors vest immediately. The grant date fair value of awards granted to executive officers and non-employee directors is calculated based on the stock price as of the grant date, discounted to account for the one year post-vesting holding period to which the awards are subject.</div><div style="text-align:justify"> </div><div style="text-align:justify">Table 12.1 shows the number of restricted stock units (RSUs) granted to employees and non-employee directors and the weighted average fair value per share during the periods presented.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.705%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.705%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.571%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Restricted Stock Unit Grants</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>12.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six months ended June 30,</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">RSUs Granted</div><div style="text-align:center">(in thousands)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Fair Value per Share</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">RSUs Granted</div><div style="text-align:center">(in thousands)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Fair Value per Share</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RSUs subject to performance conditions</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">(1)</td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">332 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">25.02 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">339 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">24.30 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RSUs subject only to service conditions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">326 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25.53 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">320 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24.65 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Non-employee director RSUs</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">46 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24.37 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">59 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24.12 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:13.5pt;text-indent:-13.5pt">(1)Shares granted are subject to performance conditions under which the target number of shares granted may vest from 0% to 200%.</div>

P3Y

P1Y

<div style="text-align:justify">Table 12.1 shows the number of restricted stock units (RSUs) granted to employees and non-employee directors and the weighted average fair value per share during the periods presented.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.594%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.927%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.705%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.705%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.571%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Restricted Stock Unit Grants</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>12.1</div></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six months ended June 30,</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">RSUs Granted</div><div style="text-align:center">(in thousands)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Fair Value per Share</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">RSUs Granted</div><div style="text-align:center">(in thousands)</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Fair Value per Share</div></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RSUs subject to performance conditions</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">(1)</td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">332 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">25.02 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">339 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">24.30 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #d0d0ce;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">RSUs subject only to service conditions</td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">326 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25.53 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">320 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24.65 </td><td style="border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Non-employee director RSUs</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">46 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24.37 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">59 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24.12 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #d0d0ce;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:13.5pt;text-indent:-13.5pt">(1)Shares granted are subject to performance conditions under which the target number of shares granted may vest from 0% to 200%.</div>

332000

25.02

339000

24.30

326000

25.53

320000

24.65

46000

24.37

59000

24.12

Statutory Information<div style="margin-bottom:3pt;text-align:justify">Statutory Capital Requirements</div><div style="text-align:justify">The insurance laws of 16 jurisdictions, including Wisconsin, our domiciliary state, require a mortgage insurer to maintain a minimum amount of statutory capital relative to the RIF (or a similar measure) in order for the mortgage insurer to continue to write new business. We refer to these requirements as the “State Capital Requirements” and, together with the GSE Financial Requirements, as the “Financial Requirements.” While they vary among jurisdictions, the most common State Capital Requirements allow for a maximum risk-to-capital ratio of 25 to 1. A risk-to-capital ratio will increase if (i) the percentage decrease in capital exceeds the percentage decrease in insured risk, or (ii) the percentage increase in capital is less than the percentage increase in insured risk. Wisconsin does not regulate capital by using a risk-to-capital measure but instead requires a minimum policyholder position (“MPP”). MGIC’s “policyholder position” includes its net worth or surplus, and its contingency loss reserve. Our policyholders’ position was above the required MPP and our risk-to-capital ratio was below the maximum allowed by jurisdictions with State Capital Requirements at June 30, 2026.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Dividend Restrictions</div><div style="text-align:justify">MGIC is subject to statutory regulations as to payment of dividends. The maximum amount of dividends that MGIC may pay in any twelve-month period without regulatory approval by the OCI is the lesser of adjusted statutory net income or 10% of statutory policyholders’ surplus as of the preceding calendar year end. Adjusted statutory net income is defined for this purpose to be the greater of statutory net income, net of realized investment gains, for the calendar year preceding the date of the dividend or statutory net income, net of realized investment gains, for the three calendar years preceding the date of the dividend less dividends paid within the first two of the preceding three calendar years. The maximum dividend that could be paid, without regulatory approval, is reduced by dividends paid in the twelve months preceding the dividend payment date. Before making any dividend payments, we notify the OCI to ensure it does not object. In April 2026, MGIC paid a dividend of $400 million to the holding company.</div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">Statutory Financial Information</div><div style="text-align:justify">The OCI recognizes only statutory accounting principles prescribed, or practices permitted by the State of Wisconsin for determining and reporting the financial condition and results of operations of an insurance company. The OCI has adopted certain prescribed accounting practices that differ from those found in other states. Specifically, Wisconsin domiciled companies record changes in the contingency loss reserves through their income statement as a change in underwriting deduction. As a result, in periods in which MGIC is increasing contingency loss reserves, statutory net income is reduced. The statutory net income, policyholders’ surplus, and contingency loss reserves of our insurance subsidiaries, including MGIC, are shown in table 13.1.</div><div style="text-align:justify"> </div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.680%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Financial Information of our Insurance Subsidiaries (including MGIC)</div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table 13.1</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Six Months Ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Statutory net income</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">303,975 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">342,930 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">As of,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Statutory policyholders' surplus</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">792,158 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">894,278 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Contingency loss reserves</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">4,963,740 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">4,914,234 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr></table> </div>

16 0.10

400000000

The statutory net income, policyholders’ surplus, and contingency loss reserves of our insurance subsidiaries, including MGIC, are shown in table 13.1.<div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:62.094%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.680%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Financial Information of our Insurance Subsidiaries (including MGIC)</div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Table 13.1</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Six Months Ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Statutory net income</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">303,975 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">342,930 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">As of,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">(In thousands)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">June 30, 2026</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">December 31, 2025</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Statutory policyholders' surplus</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">792,158 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:middle">894,278 </td><td style="border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Contingency loss reserves</td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">4,963,740 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle">4,914,234 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr></table> </div>

303975000

342930000

792158000

894278000

4963740000 4914234000

Segment Reporting<div style="text-align:justify">We operate as a single reportable segment, which is defined as Mortgage Insurance. This segment generates revenue by providing mortgage insurance to mortgage lending institutions and mortgage credit investors and by providing reinsurance under the GSEs credit risk transfer programs. The results of our Mortgage Insurance segment are reported within our financial statements as the consolidated financial results for MGIC Investment Corporation and subsidiaries. The accounting policies of the Mortgage Insurance segment are the same as those described in Note 2 - “Significant Accounting Policies” to the consolidated financial statements in our 2025 Annual Report on Form 10-K.</div><div style="text-align:justify"> </div><div style="text-align:justify">The Senior Management Oversight Committee (“SMOC”), acts as the Company's chief operating decision maker (“CODM”). The CODM uses consolidated net income (loss) as the primary GAAP measure to evaluate actual financial performance versus planned financial performance and to allocate resources. The measure of segment assets is reported on the balance sheet as total consolidated assets. </div><div style="text-align:justify"> </div><div style="margin-bottom:3pt;text-align:justify">The table below presents a disaggregation of significant segment expenses as monitored by our CODM:</div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Significant Segment Expenses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">14.1</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(In thousands)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Other underwriting and operating expenses net:</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Employee costs</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">34,776 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">36,351 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">71,208 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">73,311 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Outside services (1) </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,004 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,713 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14,424 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,524 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Premium taxes (2) </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,423 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,237 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,926 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,647 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Depreciation expense</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">715 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">941 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,406 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,884 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">All other underwriting and operating (3) </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,640)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(888)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,802)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(606)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Total other underwriting and operating expenses net</div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,278 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">50,354 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">91,162 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">101,760 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Outside services expense generally includes expenses related to outsourced IT services and consulting services.</div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)Premium taxes are taxes paid to states and municipalities based upon the amount of premiums written.</div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(3)All other underwriting and operating expenses include ceding commissions (a reduction to our underwriting expenses, see <a href="#i90aaa19aa7224dd5986c14120f2ced84_64" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:none">Note 7 - "Reinsurance"</a>), computer hardware and software expenses, legal, audit, insurance, and general and administrative expenses.</div>

<div style="margin-bottom:3pt;text-align:justify">The table below presents a disaggregation of significant segment expenses as monitored by our CODM:</div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.038%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div>Significant Segment Expenses</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Table</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:1.5pt 1pt;text-align:left;vertical-align:middle">14.1</td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b9d9eb;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Three Months Ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(In thousands)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Other underwriting and operating expenses net:</div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Employee costs</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">34,776 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">36,351 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">71,208 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0;text-align:right;vertical-align:bottom">73,311 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Outside services (1) </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,004 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,713 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14,424 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,524 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Premium taxes (2) </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,423 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,237 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,926 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,647 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.25pt solid #dbdbdb;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Depreciation expense</div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">715 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">941 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,406 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,884 </td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">All other underwriting and operating (3) </div></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,640)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(888)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6,802)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #dbdbdb;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(606)</td><td style="border-top:0.25pt solid #dbdbdb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Total other underwriting and operating expenses net</div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,278 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">50,354 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">91,162 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">101,760 </td><td style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(1)Outside services expense generally includes expenses related to outsourced IT services and consulting services.</div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(2)Premium taxes are taxes paid to states and municipalities based upon the amount of premiums written.</div><div style="margin-bottom:6pt;margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt">(3)All other underwriting and operating expenses include ceding commissions (a reduction to our underwriting expenses, see <a href="#i90aaa19aa7224dd5986c14120f2ced84_64" style="color:#0000ff;font-family:'Roboto',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:none">Note 7 - "Reinsurance"</a>), computer hardware and software expenses, legal, audit, insurance, and general and administrative expenses.</div>

34776000

36351000

71208000

73311000

8004000 8713000 14424000 16524000 5423000 5237000 10926000 10647000

715000

941000

1406000

1884000

-4640000

-888000

-6802000

-606000

44278000

50354000

91162000

101760000

Litigation and Contingencies<div style="margin-bottom:9pt;text-align:justify">We operate in a highly regulated industry that is subject to the risk of litigation and regulatory proceedings, including related to our claims paying practices. From time to time, we are involved in disputes and legal proceedings in the ordinary course of business. In our opinion, based on the facts known at this time, the ultimate resolution of these ordinary course disputes and legal proceedings will not have a material adverse effect on our financial condition or results of operations.</div>Under ASC 450-20, until a loss associated with settlement discussions or legal proceedings becomes probable and can be reasonably estimated, we do not accrue an estimated loss. When we determine that a loss is probable and can be reasonably estimated, we record our best estimate.

false false false <div style="text-align:justify">On May 4, 2026, Timothy J. Mattke, Chief Executive Officer, adopted a written plan for the sale of MGIC common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Mr. Mattke’s written plan provides for the sale of 619,784 shares of MGIC common stock in the aggregate. This written plan is scheduled to expire on the earlier of: (1) June 4, 2027; or (2) the date on which an aggregate of 619,784 shares of MGIC common stock have been sold.</div> May 4, 2026 Timothy J. Mattke Chief Executive Officer true 619784 June 4, 2027 (1) Certain amounts have been reclassified to conform with current year presentation