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Investment Information - Net realized gains and losses (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Available for sale securities:        
Available for sale securities, gross gains on investment sales $ 69 $ 13 $ 120 $ 63
Available for sale securities, gross losses on investment sales (56) (77) (169) (155)
Equity securities, at fair value:        
Net realized gains (losses) on sales during the period 7 5 54 16
Net unrealized gains (losses) on equity securities still held at reporting date 129 7 34 89
Allowance for credit losses:        
Allowance for credit losses - investments related (8) 4 (8) (2)
Allowance for credit losses - underwriting related (2) (3) (1) (2)
Derivative instruments [1] 163 1 262 (9)
Other (2) [2] (85) 204 (87) 221
Net realized gains (losses) 229 122 232 189
Fixed maturities        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option 20 (4) 22 (2)
Other investments        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option (11) (28) 2 (30)
Short term investments        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option $ 3 $ 0 $ 3 $ 0
[1] See note 10 for information on the Company’s derivative instruments.
[2] Amounts in the 2025 periods primarily include losses related to the anticipated sale of certain alternative investments accounted for under the equity method.