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Share Capital (Tables)
12 Months Ended
Dec. 31, 2025
Class of Stock Disclosures [Abstract]  
Schedule of Common Stock Issued and Outstanding

As at December 31

 

2025

 

 

2024

 

 

2023

 

 

 

Number
(millions)

 

 

Amount

 

 

Number
(millions)

 

 

Amount

 

 

Number
(millions)

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of Common Stock Outstanding, Beginning of Year

 

 

260.4

 

 

$

3

 

 

 

271.7

 

 

$

3

 

 

 

245.7

 

 

$

3

 

Shares of Common Stock Purchased

 

 

(7.8

)

 

 

-

 

 

 

(12.7

)

 

 

-

 

 

 

(9.9

)

 

 

-

 

Shares of Common Stock Issued

 

 

0.7

 

 

 

-

 

 

 

1.4

 

 

 

-

 

 

 

35.9

 

 

 

-

 

Shares of Common Stock Outstanding, End of Year

 

 

253.3

 

 

$

3

 

 

 

260.4

 

 

$

3

 

 

 

271.7

 

 

$

3

 

Earnings Per Common Share

For the years ended December 31 (US$ millions, except per share amounts)

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

Net Earnings (Loss)

 

$

1,242

 

 

$

1,125

 

 

$

2,085

 

 

 

 

 

 

 

 

 

 

 

Number of Shares of Common Stock:

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding - Basic

 

 

257.2

 

 

 

264.6

 

 

 

259.9

 

Effect of dilutive securities

 

 

2.5

 

 

 

2.8

 

 

 

4.0

 

Weighted Average Shares of Common Stock Outstanding - Diluted

 

 

259.7

 

 

 

267.4

 

 

 

263.9

 

 

 

 

 

 

 

 

 

 

 

Net Earnings (Loss) per Share of Common Stock

 

 

 

 

 

 

 

 

 

Basic

 

$

4.83

 

 

$

4.25

 

 

$

8.02

 

Diluted

 

 

4.78

 

 

 

4.21

 

 

 

7.90