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Insurance Premiums (Tables)

12 Months Ended

Dec. 31, 2024

Text Block [Abstract]

Rollforward of Premiums Receivable

The following tables present a roll forward of the Company’s premiums receivable for the years ended December 31, 2024 and 2023:

In millions

Adjustments

Premiums

Premiums

Changes in

Accretion of

Premiums

Receivable as of

Premium

from New

Expected

Premiums

Receivable as of

December 31,

Payments

Business

Term of

Receivable

December 31,

2023

Received

Written

Policies

Discount (1)

2024

$

146

$

(17

)

$

-

$

-

$

4

$

133

(1) - Recorded within premiums earned on the Company's consolidated statements of operations.

In millions

Adjustments

Premiums

Premiums

Changes in

Accretion of

Premiums

Receivable as of

Premium

from New

Expected

Premiums

Receivable as of

December 31,

Payments

Business

Term of

Receivable

December 31,

2022

Received

Written

Policies

Discount (1)

2023

$

160

$

(18

)

$

-

$

-

$

4

$

146

(1) - Recorded within premiums earned on the Company's consolidated statements of operations.

Undiscounted Future Premiums By Period

The following table presents the undiscounted future amount of premiums expected to be collected and the period in which those collections are expected to occur:

		Expected
		Collection of
In millions		Premiums
Three months ending:
March 31, 2025		$	2
June 30, 2025			4
September 30, 2025			4
December 31, 2025			5
Twelve months ending:
December 31, 2026			13
December 31, 2027			12
December 31, 2028			12
December 31, 2029			11
Five years ending:
December 31, 2034			44
December 31, 2039			31
December 31, 2044 and thereafter			30
Total		$	168

Unearned Premium Reserve And Future Premium Earnings

The following table presents the unearned premium revenue balance and future expected premium earnings as of and for the periods presented:

																		Total
																		Expected
		Unearned				Expected Future												Future
		Premium				Premium Earnings												Premium
In millions		Revenue				Upfront				Installments				Accretion				Earnings
December 31, 2024		$	199
Three months ending:
March 31, 2025			193			$	3			$	3			$	1			$	7
June 30, 2025			186				3				4				1				8
September 30, 2025			180				3				3				1				7
December 31, 2025			174				3				3				1				7
Twelve months ending:
December 31, 2026			153				10				11				3				24
December 31, 2027			135				9				9				3				21
December 31, 2028			119				8				8				3				19
December 31, 2029			105				7				7				3				17
Five years ending:
December 31, 2034			54				21				30				10				61
December 31, 2039			25				9				20				6				35
December 31, 2044 and thereafter			-				7				18				3				28
Total						$	83			$	116			$	35			$	234

X

- Definition

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- Definition

Unearned Premium Reserve And Future Premium Earnings [Table Text Block]

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