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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Net earned premiums $ 10,900 $ 10,211 $ 9,480
Net investment income 2,557 2,497 2,264
Net investment losses (81) (81) (99)
Non-insurance warranty revenue 1,577 1,609 1,624
Other revenues 36 34 30
Total revenues 14,989 14,270 13,299
Claims, Benefits and Expenses      
Insurance claims and policyholders’ benefits (re-measurement loss of $104, $125 and $88) 8,294 7,738 7,068
Amortization of deferred acquisition costs 1,898 1,798 1,644
Non-insurance warranty expense 1,526 1,547 1,544
Other operating expenses 1,516 1,843 1,398
Interest 135 133 127
Total claims, benefits and expenses 13,369 13,059 11,781
Income before income tax 1,620 1,211 1,518
Income tax expense (342) (252) (313)
Net income $ 1,278 $ 959 $ 1,205
Basic earnings per share      
Basic earnings per share (in usd per share) $ 4.71 $ 3.53 $ 4.44
Diluted earnings per share      
Diluted earnings per share (in usd per share) $ 4.69 $ 3.52 $ 4.43
Weighted Average Outstanding Common Stock and Common Stock Equivalents      
Basic (in shares) 271.2 271.5 271.3
Diluted (in shares) 272.4 272.7 272.2