XML 62 R46.htm IDEA: XBRL DOCUMENT v3.25.4
Allowance for Expected Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
Allowance for credit losses on premiums receivable
The following table provides a roll forward of the allowance for expected credit losses of the Company’s premium receivables:
Year Ended December 31, 2025Premium Receivables, Net of AllowanceAllowance for Expected Credit Losses
Balance at beginning of period$5,634 $45 
Change for provision of expected credit losses (1)(2)
Balance at end of period$5,723 $43 
Year Ended December 31, 2024
Balance at beginning of period$4,644 $34 
Provision on business acquired (2)16 
Change for provision of expected credit losses (1)(5)
Balance at end of period$5,634 $45 
(1) Amounts deemed uncollectible are written-off in operating expenses. For the 2025 and 2024 periods, amounts written off totaled $3 million and $3 million, respectively.
(2) Reflects provision for current expected credit losses on premiums receivable related to the MCE Acquisition. See note 2.
Allowance for credit losses on reinsurance recoverable
The following table provides a roll forward of the allowance for expected credit losses of the Company’s reinsurance recoverables:
Year Ended December 31, 2025Reinsurance Recoverables, Net of AllowanceAllowance for Expected Credit Losses
Balance at beginning of period$8,260 $17 
Change for provision of expected credit losses— 
Balance at end of period$9,526 $17 
Year Ended December 31, 2024
Balance at beginning of period$7,064 $21 
Change for provision of expected credit losses(4)
Balance at end of period8,260 $17 
Summary of reinsurance recoverables on paid and unpaid losses
The following table summarizes the Company’s reinsurance recoverables on paid and unpaid losses (not including ceded unearned premiums) at December 31, 2025 and 2024:
December 31,
20252024
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses$9,526$8,260
% due from carriers with A.M. Best rating of “A-” or better62.1 %63.8 %
% due from all other carriers with no A.M. Best rating (1)37.9 %36.2 %
Largest balance due from any one carrier as % of total shareholders’ equity8.1 %7.8 %
(1)    At December 31, 2025 and 2024 period, over 96% of such amounts were collateralized through reinsurance trusts, funds withheld arrangements, letters of credit or other.
Allowance for credit losses on contractholder receivables
The following table provides a roll forward of the allowance for expected credit losses of the Company’s contractholder receivables:
Year Ended December 31, 2025Contractholder Receivables, Net of AllowanceAllowance for Expected Credit Losses
Balance at beginning of period$2,161 $5 
Change for provision of expected credit losses2 
Balance at end of period$2,270 $7 
Year Ended December 31, 2024
Balance at beginning of period$1,814 $3 
Change for provision of expected credit losses2 
Balance at end of period2,161 $5