Reserves for Insurance Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2025

Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.

($ in millions)	2025		2024
Total gross reserves for insurance losses and loss adjustment expenses at January 1,	$	189	$	140
Less: Reinsurance recoverable	60		66
Net reserves for insurance losses and loss adjustment expenses at January 1,	129		74
Net insurance losses and loss adjustment expenses incurred related to:
Current year	161		103
Prior years (a)	—		9
Total net insurance losses and loss adjustment expenses incurred	161		112
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year	(44)		(57)
Prior years	(54)		(42)
Total net insurance losses and loss adjustment expenses paid or payable	(98)		(99)
Net reserves for insurance losses and loss adjustment expenses at March 31,	192		87
Plus: Reinsurance recoverable (b)	76		77
Total gross reserves for insurance losses and loss adjustment expenses at March 31, (c)	$	268	$	164

(a)There have been no material adverse changes to the reserve for prior years.

(b)Included in premiums receivable and other insurance assets on our Condensed Consolidated Balance Sheet.

(c)Included in accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet.