Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

NOTE 7 Accrued Expenses and Other Liabilities

Accrued expenses and other current liabilities at December 31 consisted of the following:

(in millions)	2025		2024
Accrued incentive compensation	$	312	$	298
Accrued compensation and benefits		174		77
Lease liability (1)		62		47
Deferred revenue		127		80
Reserve for policy cancellations		100		73
Accrued interest		33		27
Accrued rent and vendor expenses		19		19
Other		48		32
Total	$	875	$	653

(1)The Lease liability is the current portion of the Operating lease liabilities as reflected in the Consolidated Balance Sheets as of December 31, 2025 and 2024.