INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following for the years ended December 31, 2025, 2024 and 2023:

	2025		2024		2023
	(in millions)
Current provision
Federal	$	130	$	566	$	915
State and local	45		39		84
Foreign	—		—		1
Total current provision	175		605		1,000
Deferred tax expense (benefit)
Federal	89		(179)		(178)
State and local	(14)		(13)		6
Foreign	—		—		8
Total deferred tax expense (benefit)	75		(192)		(164)
Total provision for income taxes	$	250	$	413	$	836

Schedule of Reconciliation of Income Tax Provision

The reconciliation of the income tax provision at the U.S. statutory rate to the provision for income tax as reported for the years ended December 31, 2025, 2024 and 2023 are as follows:

	2025				2024				2023
	($ in millions)
U.S. federal statutory tax rate	$	302	21.0	%	$	340	21.0	%	$	698	21.0	%
State and local income taxes, net of federal income tax effect	(6)		(0.4)	%	14		0.9	%	76		2.3	%
Changes in unrecognized tax benefits	47		3.3	%	29		1.8	%	37		1.1	%
Gain/loss on acquisitions and dispositions	(102)		(7.1)	%	—		—	%	(1)		—	%
Other adjustments	9		0.6	%	30		1.8	%	26		0.8	%
Provision for income taxes and effective income tax rate	$	250	17.4	%	$	413	25.5	%	$	836	25.2	%

Schedule of Components of Income Before Provision for Income Taxes

The components of income before provision for income taxes for the years ended December 31, 2025, 2024 and 2023 are as follows:

	2025		2024		2023
	(in millions)
Domestic	$	1,485	$	1,662	$	3,351
Foreign	(47)		(42)		(26)
Total	$	1,438	$	1,620	$	3,325

Schedule of Principal Components of Net Deferred Tax Balances

Principal components of our net deferred tax balances at December 31, 2025 and 2024 were as follows:

	Assets (Liabilities)
	2025		2024
	(in millions)
Benefits payable	$	174	$	217
Compensation and other accrued expense	172		171
Net operating loss carryforward	148		93
Deferred acquisition costs	35		39
Other	26		6
Unearned revenues	35		6
Investment securities	544		510
Total deferred income tax assets	1,134		1,042
Valuation allowance	(139)		(85)
Total deferred income tax assets, net of valuation allowance	995		957
Depreciable property and intangible assets	(523)		(502)
Prepaid expenses	(353)		(172)
Other	(35)		(23)
Total deferred income tax liabilities	(911)		(697)
Total net deferred income tax assets (liabilities)	$	84	$	260
Amounts recognized in the consolidated balance sheets:
Other long-term assets	$	84	$	260