June 30, 2026

Carrying Value of Assets

Carrying Value of Liabilities

In millions

Maximum

Exposure

to Loss

Investments

Premiums

Receivable

Insurance Loss

Recoverable

Unearned

Premium

Revenue

Loss and Loss

Adjustment

Expense

Reserves

Insurance:

Global structured finance:

Mortgage-backed residential

$

699

$

28

$

4

$

21

$

3

$

232

Consumer asset-backed

47

-

-

-

-

-

Corporate asset-backed

198

-

1

-

1

-

Total global structured finance

944

28

5

21

4

232

Global public finance

177

-

2

-

2

-

Total insurance

$

1,121

$

28

$

7

$

21

$

6

$

232

December 31, 2025

Carrying Value of Assets

Carrying Value of Liabilities

In millions

Maximum

Exposure

to Loss

Investments

Premiums

Receivable

Insurance Loss

Recoverable

Unearned

Premium

Revenue

Loss and Loss

Adjustment

Expense

Reserves

Insurance:

Global structured finance:

Mortgage-backed residential

$

729

$

29

$

4

$

22

$

3

$

234

Consumer asset-backed

58

-

-

-

-

1

Corporate asset-backed

212

-

1

-

1

-

Total global structured finance

999

29

5

22

4

235

Global public finance

189

-

3

-

2

-

Total insurance

$

1,188

$

29

$

8

$

22

$

6

$

235