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Investment Information - Net realized gains and losses (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Available for sale securities:        
Available for sale securities, gross gains on investment sales $ 103 $ 104 $ 223 $ 167
Available for sale securities, gross losses on investment sales (59) (50) (228) (205)
Equity securities, at fair value:        
Net realized gains (losses) on sales during the period 15 15 69 31
Net unrealized gains (losses) on equity securities still held at reporting date 79 58 113 147
Allowance for credit losses:        
Allowance for credit losses - investments related 4 6 (4) 4
Allowance for credit losses - underwriting related (9) 2 (10) 0
Derivative instruments [1] 30 125 292 116
Other (2) [2] 7 4 (80) 225
Net realized gains (losses) 210 169 442 358
Fixed maturities        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option 11 25 33 23
Other investments        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option 29 (120) 31 (150)
Short term investments        
Available for sale securities:        
Change in fair value of assets and liabilities accounted for using the fair value option $ 0 $ 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 sale of certain alternative investments accounted for under the equity method.