Allowance For Expected Credit Losses

12 Months Ended

Dec. 31, 2025

Credit Loss [Abstract]

Allowance for Expected Credit Losses

14)ALLOWANCE FOR EXPECTED CREDIT LOSSES

We are exposed to credit losses primarily through three different pools of assets based on similar risk characteristics: premiums receivable for direct written business, reinsurance recoverables from ceded losses to our reinsurers and our investment holdings. We estimate the expected credit losses based on historical trends, credit ratings assigned to reinsurers by rating agencies and debt issuers, average default rates, current economic conditions, and reasonable and supportable forecasts of future economic conditions that affect the collectability of the reported amounts over its expected life. Changes in the relevant information may significantly affect the estimates of expected credit losses.

The allowance for credit losses is deducted from the amortized cost basis of the assets to present their net carrying value at the amount expected to be collected. Each period, the allowance for credit losses is adjusted through earnings to reflect expected credit losses over the remaining lives of the assets.

The following tables summarize our allowance for expected credit losses by pooled asset for the years ended December 31, 2025 and 2024:

December 31, 2025	December 31, 2024		Provision for (reversal of) expected credit losses			Write-offs			December 31, 2025
Premiums Receivable	$	26	$	(23	)	$	(3	)	$	—
Reinsurance Recoverables		75		(45	)		—			30
Total	$	101	$	(68	)	$	(3	)	$	30

December 31, 2024	December 31, 2023		Provision for (reversal of) expected credit losses			Write-offs		December 31, 2024
Premiums Receivable	$	49	$	(23	)	$	—	$	26
Reinsurance Recoverables		97		(22	)		—		75
Total	$	146	$	(45	)	$	—	$	101