\n| \n (Unaudited)<\/b><\/p>\n<\/td>\n | \n Q4’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q4’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n $ in millions<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n GAAP net income<\/b><\/p>\n<\/td>\n | \n 225.2<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 201.3<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 872.7<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 760.2<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 15%<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted EBITDA<\/span><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGlobal Lifestyle<\/p>\n<\/td>\n | \n \n195.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n191.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n801.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n773.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGlobal Housing<\/p>\n<\/td>\n | \n \n275.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n225.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n22%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n858.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n671.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n28%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCorporate and Other<\/p>\n<\/td>\n | \n \n(34.4)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(35.7)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(123.8)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(122.2)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(1)%<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted EBITDA1<\/sup><\/b><\/p>\n<\/td>\n| \n 436.5<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 381.4<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 14%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,536.2<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,322.4<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 16%<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nReportable catastrophes<\/p>\n<\/td>\n | \n \n9.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n50.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n198.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n247.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted EBITDA, ex. reportable catastrophes<\/span><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGlobal Lifestyle2<\/sup><\/p>\n<\/td>\n| \n \n195.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n191.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n800.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n775.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGlobal Housing2<\/sup><\/p>\n<\/td>\n| \n \n285.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n275.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,057.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n916.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n15%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCorporate and Other<\/p>\n<\/td>\n | \n \n(34.4)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(35.7)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(123.8)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(122.2)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(1)%<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted EBITDA, ex. reportable catastrophes2<\/sup><\/b><\/p>\n<\/td>\n| \n 445.9<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 431.5<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,734.4<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 1,569.4<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 11%<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nNote: Adjusted EBITDA of the Global Lifestyle, Global Housing, and Corporate and Other segments is the segment measure of profitability in our GAAP financial statements and includes reportable catastrophes. Some of the metrics throughout this press release are non-GAAP measures of performance. A full reconciliation of each non-GAAP measure to the most comparable GAAP measure can be found in the Non-GAAP Financial Measures section.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Fourth Quarter 2025 Consolidated Results<\/b><\/p>\n\n- GAAP net income<\/b> increased 12 percent to $225.2 million compared to fourth quarter 2024 of $201.3 million, driven by lower reportable catastrophes and higher segment earnings, primarily in Global Housing. Results were partially offset by higher restructuring costs related to optimizing operational efficiencies.\n<\/li>\n<\/ul>\n
\n- GAAP net income<\/b>per diluted share <\/b>increased 14 percent to $4.41 compared to fourth quarter 2024 of $3.87. The increase was primarily driven by the factors noted above and the impact of share repurchases.\n<\/li>\n<\/ul>\n
\n- Adjusted EBITDA1<\/sup><\/b>increased 14 percent to $436.5 million compared to the prior year period of $381.4 million, primarily due to lower reportable catastrophes and growth within Global Housing. Excluding reportable catastrophes, Adjusted EBITDA2<\/sup> increased 3 percent, or similar on a constant currency basis5<\/sup>,to $445.9 million, due to growth within both Global Housing and Global Lifestyle.\n<\/li>\n<\/ul>\n
\n- Adjusted earnings, excluding reportable catastrophes, per diluted share<\/b>4<\/sup>, increased 4 percent to $5.75 compared to the prior year period of $5.54. The increase was driven by the factors noted above and the impact of share repurchases, partially offset by higher depreciation expense.\n<\/li>\n<\/ul>\n
\n- Net earned premiums, fees and other income <\/b>from the Global Lifestyle and Global Housing segments totaled $3.23 billion compared to third quarter 2024 of $2.99 billion, up 8 percent, driven by growth in Global Lifestyle and Global Housing.\n<\/li>\n<\/ul>\n
Full Year 2025 Consolidated Results<\/b><\/p>\n\n- GAAP net income<\/b> increased 15 percent to $872.7 million, compared to full year 2024 net income of $760.2 million, primarily due to higher segment earnings in Global Housing, lower reportable catastrophes and growth in Global Lifestyle, partially offset by a higher effective tax rate and restructuring costs.\n<\/li>\n<\/ul>\n
\n- GAAP net income<\/b>per diluted share <\/b>increased 17 percent to $16.93 compared to full year 2024 of $14.46. The increase was primarily driven by the factors noted above and the impact of share repurchases.\n<\/li>\n<\/ul>\n
\n- Adjusted EBITDA1<\/sup><\/b>increased 16 percent to $1,536.2 million compared to the prior year period of $1,322.4 million, primarily due to higher segment earnings in Global Housing, $48.8 million of lower pre-tax reportable catastrophes and growth in Global Lifestyle. Excluding reportable catastrophes, Adjusted EBITDA2<\/sup> increased 11 percent, or similar on a constant currency basis5<\/sup>,to $1,734.4 million, from growth in Global Housing and Global Lifestyle.\n<\/li>\n<\/ul>\n
\n- Adjusted earnings, excluding reportable catastrophes, per diluted share<\/b>4<\/sup>, increased 12 percent to $22.81 compared to the prior year period of $20.35, primarily from higher Global Housing segment earnings and the impact of share repurchases, partially offset by higher depreciation expense and a higher effective tax rate.\n<\/li>\n<\/ul>\n
\n- Net earned premiums, fees and other income <\/b>from the Global Lifestyle and Global Housing segments totaled $12.35 billion compared to $11.42 billion for the prior year period, up 8 percent, driven by growth across all lines of business within Global Lifestyle and Global Housing.\n<\/li>\n<\/ul>\n
Global Lifestyle<\/b><\/p>\n\n\n| \n $ in millions<\/b><\/p>\n<\/td>\n | \n Q4’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q4’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAdjusted EBITDA<\/p>\n<\/td>\n | \n \n195.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n191.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n801.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n773.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earned premiums, fees and other income<\/p>\n<\/td>\n | \n \n2,518.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2,346.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9,582.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n8,967.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Adjusted EBITDA <\/b>increased 2 percent compared to fourth quarter 2024, driven by growth in Global Automotive and Connected Living. In Global Automotive, results benefited from improved loss experience. In Connected Living, underlying growth of 7 percent, which excludes a $7 million non-run rate inventory adjustment, was primarily driven by global mobile protection programs and trade-in performance.\n<\/li>\n<\/ul>\n
\n- \nFull year 2025 Adjusted EBITDAincreased 4 percent compared to 2024. The increase was driven by Connected Living growth from global mobile programs and higher contributions from financial services. In Global Automotive, improved loss experience led to increased profitability.<\/p>\n<\/li>\n<\/ul>\n
\n- Net earned premiums, fees and other income <\/b>increased 7 percent compared to fourth quarter 2024, primarily driven by Connected Living growth from global device protection programs and trade-in volume, as well as higher contributions from extended service contract programs and modest growth in Global Automotive.\n<\/li>\n<\/ul>\n
\n- \nFull year 2025net earned premiums, fees and other income increased 7 percent compared to 2024. The increase was driven by global mobile programs and from a new program in financial services within Connected Living and modest growth in Global Automotive.<\/p>\n<\/li>\n<\/ul>\n
Global Housing<\/b><\/p>\n\n\n| \n $ in millions<\/b><\/p>\n<\/td>\n | \n Q4’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q4’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAdjusted EBITDA<\/p>\n<\/td>\n | \n \n275.6<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n225.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n22%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n858.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n671.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n28%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReportable catastrophes<\/p>\n<\/td>\n | \n \n9.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n50.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n198.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n245.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdjusted EBITDA, ex. reportable catastrophes2<\/sup><\/p>\n<\/td>\n| \n \n285.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n275.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,057.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n916.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n15%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet earned premiums, fees and other income<\/p>\n<\/td>\n | \n \n711.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n647.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n10%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2,768.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2,457.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n13%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Adjusted EBITDA <\/b>increased 22 percent compared to fourth quarter 2024 mainly from $40.6 million of lower pre-tax reportable catastrophes. Excluding reportable catastrophes, Adjusted EBITDA2<\/sup> increased 3 percent, driven by top-line growth within Homeowners from higher lender-placed policies in-force and specialty products. Results were partially offset by unfavorable non-catastrophe loss experience, including $9 million of lower favorable prior-period reserve development(a)<\/sup>.\n<\/li>\n<\/ul>\n
(a) <\/sup>Fourth quarter 2025 had $29.4 million of favorable non-catastrophe prior period reserve development, of which $22.1 million was related to prior years, compared to $38.3 million of favorable non-catastrophe prior period reserve development in fourth quarter 2024. Full year 2025 prior year reserve development was $113.1 million and full year 2024 prior year reserve development was $106.7 million.<\/p>\n\n- \nFull year2025 Adjusted EBITDA increased 28 percent compared to 2024, including $46.4 million of lower pre-tax reportable catastrophes. Excluding reportable catastrophes, full year Adjusted EBITDA2<\/sup> increased 15 percent mainly due to top-line growth in lender-placed and favorable non-catastrophe loss experience.<\/p>\n<\/li>\n<\/ul>\n
\n- Net earned premiums, fees and other income<\/b> increased 10 percent compared to fourth quarter 2024, driven by growth in policies in-force and higher average premiums within lender-placed, as well as growth in various specialty products. Renters and Other also increased, led by contributions from a new book of business previously disclosed.\n<\/li>\n<\/ul>\n
\n- \nFull year 2025 net earned premiums, fees and other income increased 13 percent compared to the prior year 2024, primarily due to the factors noted above.<\/p>\n<\/li>\n<\/ul>\n
Corporate and Other<\/b><\/p>\n\n\n| \n $ in millions<\/b><\/p>\n<\/td>\n | \n Q4’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q4’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 12M’24<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAdjusted EBITDA<\/p>\n<\/td>\n | \n \n(34.4)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(35.7)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(123.8)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(122.2)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(1)%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Adjusted EBITDA loss<\/b> improved in fourth quarter 2025 compared to the prior year period, driven by lower third-party expenses, partially offset by organic investments to support our Home Warranty business.\n<\/li>\n<\/ul>\n
\n- \nFull year2025 Adjusted EBITDA loss increased modestly compared to the prior year 2024, primarily driven by lower investment income.<\/p>\n<\/li>\n<\/ul>\n
Holding Company Liquidity Position<\/b><\/p>\n | | | | | | | | | | | | | | | | |