CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 1,079	$ 675
Fiduciary cash	2,471	1,827
Commission, fees and other receivables	1,438	895
Fiduciary receivables	1,515	1,116
Reinsurance recoverable	647	1,527
Prepaid reinsurance premiums	980	520
Other current assets	484	364
Total current assets	8,614	6,924
Fixed assets, net	367	319
Operating lease assets	269	200
Goodwill	15,087	7,970
Amortizable intangible assets, net	4,906	1,814
Other assets	748	385
Total assets	29,991	17,612
Current Liabilities:
Fiduciary liabilities	3,986	2,943
Losses and loss adjustment reserve	671	1,543
Unearned premiums	1,053	577
Accounts payable	990	373
Accrued expenses and other liabilities	875	653
Current portion of long-term debt	719	225
Total current liabilities	8,294	6,314
Long-term debt less unamortized discount and debt issuance costs	6,894	3,599
Operating lease liabilities	243	189
Deferred income taxes, net	815	711
Other liabilities	1,172	362
Equity:
Common stock, par value $0.10 per share; authorized 560 shares; issued 357 shares and outstanding 336 shares at 2025, issued 306 shares and outstanding 286 shares at 2024, respectively	36	31
Additional paid-in capital	6,160	1,118
Treasury stock, at cost 21 shares at 2025 and 20 shares at 2024, respectively	(848)	(748)
Accumulated other comprehensive income/(loss)	210	(109)
Non-controlling interests	26	17
Retained earnings	6,989	6,128
Total equity	12,573	6,437
Total liabilities and equity	$ 29,991	$ 17,612