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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 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.
|  | Total |  | Useful Life
Purchase price |  |  |
| Cash paid (a) | $ | 450 |  |  |
Assets Acquired |  |  |
| Cash and investments, at fair value | $ | 2,332 |  |  |
| Premiums receivable, net of commissions | 224 |  |
| Intangible asset -- distribution relationships | 220 |  | 10 years
| Intangible asset -- value of business acquired | 165 |  | 1-2 years
| Intangible asset -- other (1) | 180 |  | 5-7 years
| Other assets acquired | 175 |  |
| Total assets acquired | $ | 3,296 |  |  |
Liabilities Acquired |  |  |
| Reserves for losses and loss adjustment expenses | $ | 2,468 |  |  |
| Unearned premiums | 636 |  |
| Other liabilities acquired | 18 |  |
| Total liabilities acquired | 3,122 |  |  |
| Identifiable net assets acquired (b) | $ | 174 |  |  |
Goodwill (a) - (b) | $ | 276 |  |  |
(1) Includes $130 million related to the net fair value adjustment to reserves for loss and loss adjustment expenses on August 1, 2024.

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