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Segment information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Operations By Segment

The following tables present the Statement of Operations by segment:

For the Three Months Ended March 31, 2025 (in millions of U.S. dollars)			North America Commercial P&C Insurance						North America Personal P&C Insurance						North America Agricultural Insurance						Overseas General Insurance						Global Reinsurance						Life Insurance						Total
Net premiums written			$	4,787					$	1,552					$	276					$	3,903					$	408					$	1,720					$	12,646
Net premiums earned			4,988						1,574						165						3,209						368						1,696						12,000
Losses and loss expenses			3,031						2,093						92						1,397						242						26
Policy benefits			—						—						—						113						—						1,163
Policy acquisition costs			719						330						17						837						100						310
Administrative expenses			344						87						2						330						10						202
Underwriting income			894						(936)						54						532						16						NM
Net investment income			929						120						24						281						70						271
Other (income) expense			8						1						1						6						—						(35)
Amortization of purchased intangibles			1						2						6						19						—						10
Segment income (loss)			$	1,814					$	(819)					$	71					$	788					$	86					$	291					$	2,231
Net realized gains (losses)																																							(116)
Market risk benefits gains (losses)																																							(92)
Interest expense																																							181
Corporate underwriting loss																																							(119)
Corporate net investment loss																																							(27)
Corporate other (income) expense																																							33
Corporate amortization of purchased intangibles																																							37
Other reclassification																																							38
Income before income tax																																							$	1,664

NM – not meaningful. Underwriting income is not used as a basis for segment performance for the Life Insurance segment.

For the Three Months Ended March 31, 2024 (in millions of U.S. dollars)			North America Commercial P&C Insurance						North America Personal P&C Insurance						North America Agricultural Insurance						Overseas General Insurance						Global Reinsurance						Life Insurance						Total
Net premiums written			$	4,689					$	1,456					$	249					$	3,835					$	359					$	1,633					$	12,221
Net premiums earned			4,880						1,471						128						3,198						295						1,611						11,583
Losses and loss expenses			3,175						899						49						1,426						137						32
Policy benefits			—						—						—						100						—						1,070
Policy acquisition costs			688						300						21						823						81						294
Administrative expenses			328						86						2						331						9						207
Underwriting income			689						186						56						518						68						NM
Net investment income			826						102						21						267						57						230
Other (income) expense			7						1						—						5						—						(40)
Amortization of purchased intangibles			—						2						6						20						—						10
Segment income			$	1,508					$	285					$	71					$	760					$	125					$	268					$	3,017
Net realized gains (losses)																																							(101)
Market risk benefits gains (losses)																																							21
Interest expense																																							178
Integration expenses																																							7
Corporate underwriting loss																																							(117)
Corporate net investment loss																																							(26)
Corporate other (income) expense																																							(68)
Corporate amortization of purchased intangibles																																							42
Other reclassification																																							1
Income before income tax																																							$	2,636

NM – not meaningful. Underwriting income is not used as a basis for segment performance for the Life Insurance segment.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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