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Acquisitions - Summary of allocation of purchase price (Details) - US MidCorp and Entertainment
$ in Millions
Aug. 01, 2024
USD ($)
Purchase price  
Business acquisition, cash paid $ 450
Assets Acquired  
Cash and investments, at fair value 2,332
Premiums receivable, net of commissions 230
Other assets acquired 167
Total assets acquired 3,292
Liabilities Acquired  
Reserves for losses and loss adjustment expenses 2,418
Unearned premiums 636
Other liabilities acquired 34
Total liabilities acquired 3,088
Net assets acquired 204
Goodwill 246
Deferred tax asset, goodwill and intangibles 565
Net deferred tax asset, loss reserves and unearned premium 24
Reserves For Losses And Loss Adjustment Expenses  
Liabilities Acquired  
Loss reserves, fair value adjustment 128
Distribution relationships  
Assets Acquired  
Intangible assets $ 220
Useful life 10 years
Value of business acquired  
Assets Acquired  
Intangible assets $ 165
Other intangible assets  
Assets Acquired  
Intangible assets $ 178 [1]
Minimum | Value of business acquired  
Assets Acquired  
Useful life 1 year
Minimum | Other intangible assets  
Assets Acquired  
Useful life 5 years
Maximum | Value of business acquired  
Assets Acquired  
Useful life 2 years
Maximum | Other intangible assets  
Assets Acquired  
Useful life 7 years
[1] Includes $128 million related to the net fair value adjustment to reserves for loss and loss adjustment expenses on August 1, 2024.