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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Net earned premiums $ 2,783 $ 2,593 $ 8,103 $ 7,532
Net investment income 638 626 1,904 1,853
Net investment losses (7) (10) (62) (42)
Non-insurance warranty revenue 393 401 1,188 1,212
Other revenues 10 8 28 26
Total revenues 3,817 3,618 11,161 10,581
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits (re-measurement loss of $36, $48, $59 and $88) 2,032 2,019 6,144 5,708
Amortization of deferred acquisition costs 483 457 1,423 1,336
Non-insurance warranty expense 377 387 1,146 1,169
Other operating expenses 376 362 1,107 1,077
Interest expense 36 32 99 101
Total claims, benefits and expenses 3,304 3,257 9,919 9,391
Income before income tax 513 361 1,242 1,190
Income tax expense (110) (78) (266) (252)
Net income $ 403 $ 283 $ 976 $ 938
Basic earnings per share        
Basic earnings per share (in usd per share) $ 1.49 $ 1.04 $ 3.60 $ 3.46
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 1.48 $ 1.04 $ 3.58 $ 3.44
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 271.1 271.3 271.2 271.5
Diluted (in shares) 272.3 272.7 272.4 272.7