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Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination [Abstract]  
Allocation of purchase price to acquired assets and liabilities
The following table summarizes the Company’s allocation of the purchase price to the acquired assets and liabilities assumed based on estimated fair values on August 1, 2024. The fair value of the assets and liabilities are preliminary and may change with offsetting adjustments to goodwill. The Company may make further adjustments to its purchase price allocation through the end of the permissible one-year measurement period.
TotalUseful Life
Purchase price
Cash paid (a)$450 
Assets Acquired
Cash and investments, at fair value$2,332 
Premiums receivable, net of commissions230
Intangible asset -- distribution relationships22010 years
Intangible asset -- value of business acquired165
1-2 years
Intangible asset -- other (1)178
5-7 years
Other assets acquired167
Total assets acquired$3,292 
Liabilities Acquired
Reserves for losses and loss adjustment expenses $2,418 
Unearned premiums636
Other liabilities acquired34
Total liabilities acquired3,088 
Identifiable net assets acquired (b)$204 
Goodwill (a) - (b)$246 
(1) Includes $128 million related to the net fair value adjustment to reserves for loss and loss adjustment expenses on August 1, 2024.