CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Interest income | $ 12 | $ 18 | $ 26 | $ 36 |
| Total revenues | 1,178 | 1,238 | 2,404 | 2,530 |
| Insurance costs | 867 | 947 | 1,723 | 1,889 |
| Cost of providing services | 65 | 71 | 135 | 142 |
| Sales and marketing | 66 | 68 | 135 | 135 |
| General and administrative | 56 | 52 | 115 | 98 |
| Systems development and programming | 17 | 17 | 36 | 37 |
| Depreciation and amortization of intangible assets | 19 | 17 | 36 | 34 |
| Interest expense, bank fees and other | 14 | 15 | 27 | 29 |
| Total costs and operating expenses | 1,104 | 1,187 | 2,207 | 2,364 |
| Income before tax | 74 | 51 | 197 | 166 |
| Income taxes | 21 | 14 | 55 | 44 |
| Net income | 53 | 37 | 142 | 122 |
| Other comprehensive income, net of income taxes | (1) | 1 | (3) | 3 |
| Comprehensive income | $ 52 | $ 38 | $ 139 | $ 125 |
| Net income per share: | ||||
| Basic (in dollars per share) | $ 1.16 | $ 0.77 | $ 3.07 | $ 2.49 |
| Diluted (in dollars per share) | $ 1.15 | $ 0.77 | $ 3.05 | $ 2.48 |
| Weighted average shares: | ||||
| Basic (in shares) | 46,000 | 48,000 | 46,000 | 49,000 |
| Diluted (in shares) | 46,000 | 49,000 | 47,000 | 49,000 |
| Professional service revenues | ||||
| Service revenues | $ 159 | $ 172 | $ 348 | $ 381 |
| Insurance service revenues | ||||
| Service revenues | $ 1,007 | $ 1,048 | $ 2,030 | $ 2,113 |
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- Definition Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization, and Operating Insurance and Claims Costs, Production No definition available.
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- Definition Interest Expense, Bank Fees and Other No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Insurance and claims costs directly related to goods produced and sold, or services rendered, during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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