v3.26.1
REINSURANCE - Effect of Reinsurance on Premiums and Benefits and Claims (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Reinsurance Disclosures [Abstract]        
Earned premiums, direct $ 3,364 $ 3,525 $ 6,785 $ 6,958
Earned premiums, ceded (136) (91) (271) (179)
Earned premiums, assumed 24 36 48 72
Net earned premiums [1] 3,252 3,470 6,562 6,851
Benefits and claims, excluding reserve remeasurement, direct 1,977 2,097 3,972 4,128
Benefits and claims, excluding reserve remeasurement, ceded (100) (64) (188) (120)
Benefits and claims, excluding reserve remeasurement, assumed 21 14 28 25
Benefits and claims, excluding reserve remeasurement 1,898 2,047 3,812 4,033
Reserve remeasurement (gains) losses, direct (43) (37) (124) (78)
Reserve remeasurement (gains) losses, ceded (2) 0 (3) 0
Reserve remeasurement (gains) losses, assumed (1) 0 (1) 0
Reserve remeasurement (gains) losses (46) (37) (128) (78)
Total benefits and claims, net $ 1,852 $ 2,010 $ 3,684 $ 3,955
[1] Includes a gain (loss) of an immaterial amount for the three- and six-month periods ended June 30, 2026 and 2025, respectively, related to remeasurement of the deferred profit liability for limited-payment contracts.