As discussed in Note 1 - Organization and Description of the Company, the Company completed the transfer of the P&C Subsidiaries on October 1, 2025. The results of the P&C Subsidiaries have been presented as discontinued operations as the transfer represented a strategic shift for ANGI. The transfer of the P&C Subsidiaries resulted in the removal of the P&C segment which is further discussed in Note 24 - Segment Reporting.

The following table summarizes the major components of net income from discontinued operations, net of tax related to the distribution, for the three and six months ended June 30, 2025.


	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025
	(Dollars in millions)
Net premiums	$	398	$	829
Net investment income	21		45
Investment related gains	84		77
Other income	2		4
Total revenues	505		955

Policyholder benefits and claims incurred	318		604
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired	86		166
Operating expenses	48		99
Total benefits and expenses	452		869

Net income before income taxes from discontinued operations	53		86
Income tax expense	11		18
Net income from discontinued operations	$	42	$	68