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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 562 $ 421
Marketable securities 0 15
Receivables, less allowance of $4 and $4, respectively 10 10
Prepaid expenses and other current assets 37 42
Contract assets 11 0
Total Current Assets 620 488
Other Assets:    
Property and equipment, net 68 73
Goodwill 972 967
Intangible assets, net 412 448
Operating lease right-of-use assets 7 8
Long-term marketable securities 0 38
Deferred policy acquisition costs 1 0
Deferred reinsurance 68 65
Reinsurance recoverables 9 9
Deferred customer acquisition costs 12 11
Other assets 3 2
Total Assets 2,172 2,107
Current Liabilities:    
Accounts payable 106 71
Accrued liabilities:    
Payroll and related expenses 33 44
Home warranty claims 91 74
Other 54 28
Deferred revenue 104 123
Current portion of long-term debt 29 29
Total Current Liabilities 416 369
Long-Term Debt 1,157 1,170
Other Long-Term Liabilities:    
Deferred tax liabilities, net 38 49
Operating lease liabilities 19 20
Unearned insurance premium 238 233
Unpaid losses and loss adjustment reserves 13 12
Long-term deferred revenue 20 12
Other long-term liabilities 18 4
Total Other Long-Term Liabilities 346 329
Commitments and Contingencies (Note 8)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 88,086,073 shares issued and 73,111,103 shares outstanding as of June 30, 2025 and 87,434,468 shares issued and 75,314,243 shares outstanding as of December 31, 2024 1 1
Additional paid-in capital 167 152
Retained earnings 678 530
Accumulated other comprehensive loss (13) 0
Less treasury stock, at cost; 14,974,970 shares as of June 30, 2025 and 12,120,225 shares as of December 31, 2024 (580) (444)
Total Shareholders' Equity 254 239
Total Liabilities and Shareholders' Equity $ 2,172 $ 2,107