Acquisition (Tables)

6 Months Ended

Jun. 30, 2026

Allocation of purchase price to acquired assets and liabilities

The following table summarizes the Company’s allocation of the purchase price to the acquired assets and liabilities assumed based on estimated fair values on August 1, 2024.


		Total		Useful Life
Purchase price
	Cash paid (a)	$	450

Assets Acquired
	Cash and investments, at fair value	$	2,332
	Premiums receivable, net of commissions	224
	Intangible asset -- distribution relationships	220		10 years
	Intangible asset -- value of business acquired	165		1-2 years
	Intangible asset -- other (1)	180		5-7 years
	Other assets acquired	175
	Total assets acquired	$	3,296

Liabilities Acquired
	Reserves for losses and loss adjustment expenses	$	2,468
	Unearned premiums	636
	Other liabilities acquired	18
	Total liabilities acquired	3,122
	Identifiable net assets acquired (b)	$	174
Goodwill (a) - (b)		$	276

(1) Includes $130 million related to the net fair value adjustment to reserves for loss and loss adjustment expenses on August 1, 2024.

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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