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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net earned premiums $ 2,759 $ 2,694 $ 5,460 $ 5,320
Net investment income 701 662 1,311 1,266
Net investment losses (5) (46) (23) (55)
Non-insurance warranty revenue 367 398 741 795
Other revenues 7 9 17 18
Total revenues 3,829 3,717 7,506 7,344
Claims, Benefits and Expenses        
Insurance claims and policyholders’ benefits (re-measurement loss of $25, $15, $44 and $23) 2,169 2,085 4,344 4,112
Amortization of deferred acquisition costs 481 469 957 940
Non-insurance warranty expense 356 384 712 769
Other operating expenses 385 368 755 731
Interest expense 33 31 66 63
Total claims, benefits and expenses 3,424 3,337 6,834 6,615
Income before income tax 405 380 672 729
Income tax expense (84) (81) (140) (156)
Net income $ 321 $ 299 $ 532 $ 573
Basic earnings per share        
Basic earnings per share (in usd per share) $ 1.18 $ 1.10 $ 1.96 $ 2.11
Diluted earnings per share        
Diluted earnings per share (in usd per share) $ 1.18 $ 1.10 $ 1.95 $ 2.10
Weighted Average Outstanding Common Stock and Common Stock Equivalents        
Basic (in shares) 270.9 271.1 271.0 271.2
Diluted (in shares) 271.7 272.2 272.0 272.4