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Property Casualty Loss and Loss Expenses (Tables) | 12 Months Ended
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Dec. 31, 2023
Insurance [Abstract] |
Consolidated Property Casualty Loss And Loss Expense Reserves | This table summarizes activity for our consolidated property casualty loss and loss expense reserves:
(Dollars in millions) |  | Years ended December 31,
|  | 2023 |  | 2022 |  | 2021
Gross loss and loss expense reserves, January 1 |  | $ | 8,336 |  |  | $ | 7,229 |  |  | $ | 6,677 |
Less reinsurance recoverable |  | 405 |  |  | 327 |  |  | 277 |
Net loss and loss expense reserves, January 1 |  | 7,931 |  |  | 6,902 |  |  | 6,400 |
Net incurred loss and loss expenses related to: |  |  |  |  |  |
Current accident year |  | 5,173 |  |  | 4,875 |  |  | 4,024 |
Prior accident years |  | (215) |  |  | (159) |  |  | (428) |
Total incurred |  | 4,958 |  |  | 4,716 |  |  | 3,596 |
Net paid loss and loss expenses related to: |  |  |  |  |  |
Current accident year |  | 1,875 |  |  | 1,592 |  |  | 1,379 |
Prior accident years |  | 2,401 |  |  | 2,095 |  |  | 1,715 |
Total paid |  | 4,276 |  |  | 3,687 |  |  | 3,094 |
Net loss and loss expense reserves, December 31 |  | 8,613 |  |  | 7,931 |  |  | 6,902 |
Plus reinsurance recoverable |  | 362 |  |  | 405 |  |  | 327 |
Gross loss and loss expense reserves, December 31 |  | $ | 8,975 |  |  | $ | 8,336 |  |  | $ | 7,229 |
Reconciliation of Property casualty Incurred Losses and ALAE and Paid Losses and ALAE Development Information | The following table provides a reconciliation of the property casualty incurred losses and allocated loss adjustment expenses (ALAE) development and paid losses and ALAE development information at December 31, 2023.
(Dollars in millions) |  | Cumulative incurred losses and ALAE as reported within the triangles, net of reinsurance |  | Cumulative paid losses and ALAE as reported within the triangles, net of reinsurance |  | Liabilities for loss and ALAE for accident years not presented in the triangles, net of reinsurance |  | Total liabilities for loss and ALAE, net of reinsurance |  | Reinsurance recoverable on unpaid losses |  | Total liabilities for gross loss and loss expense reserves
Commercial casualty |  | $ | 6,497 |  |  | $ | 3,680 |  |  | $ | 91 |  |  | $ | 2,908 |  |  | $ | 19 |  |  | $ | 2,927 |
Workers' compensation |  | 1,826 |  |  | 1,160 |  |  | 316 |  |  | 982 |  |  | 54 |  |  | 1,036 |
Commercial auto |  | 2,432 |  |  | 1,657 |  |  | 32 |  |  | 807 |  |  | 4 |  |  | 811 |
Commercial property |  | 3,496 |  |  | 3,033 |  |  | 12 |  |  | 475 |  |  | 50 |  |  | 525 |
Personal auto |  | 1,884 |  |  | 1,594 |  |  | 12 |  |  | 302 |  |  | 25 |  |  | 327 |
Homeowner |  | 2,576 |  |  | 2,231 |  |  | 6 |  |  | 351 |  |  | (3) |  |  | 348 |
Excess and surplus |  | 1,545 |  |  | 707 |  |  | 4 |  |  | 842 |  |  | 33 |  |  | 875 |
Other lines |  | 1,686 |
Total liabilities for loss and ALAE reserves |  | 8,535 |
Unallocated loss adjustment expense reserves |  | 440 |
Gross loss and loss expense reserves |  | $ | 8,975 |
Schedule of Incurred and Paid Losses and ALAE Development by Accident Year | The following table shows the commercial casualty incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  |  |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2014 |  | $ | 503 |  |  | $ | 496 |  |  | $ | 479 |  |  | $ | 476 |  |  | $ | 479 |  |  | $ | 465 |  |  | $ | 469 |  |  | $ | 466 |  |  | $ | 462 |  |  | $ | 464 |  |  | $ | 10 |  |  | 21 |
2015 |  |  |  | 533 |  |  | 526 |  |  | 529 |  |  | 516 |  |  | 508 |  |  | 502 |  |  | 504 |  |  | 496 |  |  | 513 |  |  | 14 |  |  | 22 |
2016 |  |  |  |  |  | 563 |  |  | 574 |  |  | 557 |  |  | 555 |  |  | 554 |  |  | 538 |  |  | 531 |  |  | 525 |  |  | 19 |  |  | 22 |
2017 |  |  |  |  |  |  |  | 610 |  |  | 597 |  |  | 577 |  |  | 571 |  |  | 555 |  |  | 554 |  |  | 553 |  |  | 29 |  |  | 21 |
2018 |  |  |  |  |  |  |  |  |  | 650 |  |  | 641 |  |  | 622 |  |  | 588 |  |  | 612 |  |  | 618 |  |  | 55 |  |  | 22 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 672 |  |  | 643 |  |  | 607 |  |  | 669 |  |  | 682 |  |  | 80 |  |  | 21 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 674 |  |  | 629 |  |  | 606 |  |  | 593 |  |  | 112 |  |  | 15 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 714 |  |  | 697 |  |  | 697 |  |  | 265 |  |  | 14 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 924 |  |  | 902 |  |  | 453 |  |  | 13 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 950 |  |  | 729 |  |  | 8 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,497 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance
2014 |  | $ | 34 |  |  | $ | 97 |  |  | $ | 172 |  |  | $ | 287 |  |  | $ | 338 |  |  | $ | 390 |  |  | $ | 409 |  |  | $ | 421 |  |  | $ | 437 |  |  | $ | 447 |  |  |  |  |
2015 |  |  |  | 38 |  |  | 108 |  |  | 200 |  |  | 287 |  |  | 362 |  |  | 404 |  |  | 424 |  |  | 453 |  |  | 471 |  |  |  |  |
2016 |  |  |  |  |  | 46 |  |  | 126 |  |  | 228 |  |  | 331 |  |  | 395 |  |  | 434 |  |  | 466 |  |  | 485 |  |  |  |  |
2017 |  |  |  |  |  |  |  | 48 |  |  | 122 |  |  | 234 |  |  | 320 |  |  | 392 |  |  | 437 |  |  | 486 |  |  |  |  |
2018 |  |  |  |  |  |  |  |  |  | 44 |  |  | 148 |  |  | 253 |  |  | 345 |  |  | 441 |  |  | 505 |  |  |  |  |
2019 |  |  |  |  |  |  |  |  |  |  |  | 39 |  |  | 134 |  |  | 259 |  |  | 394 |  |  | 503 |  |  |  |  |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 33 |  |  | 102 |  |  | 242 |  |  | 345 |  |  |  |  |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 31 |  |  | 123 |  |  | 251 |  |  |  |  |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 37 |  |  | 141 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 46 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,680 |  |  |  |  |
All outstanding liabilities before 2014, net of reinsurance |  | 91 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  | $ | 2,908 |  |  |  |  |
The following table shows the workers’ compensation incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  |  |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2014 |  | $ | 261 |  |  | $ | 233 |  |  | $ | 214 |  |  | $ | 203 |  |  | $ | 201 |  |  | $ | 198 |  |  | $ | 197 |  |  | $ | 202 |  |  | $ | 202 |  |  | $ | 203 |  |  | $ | 15 |  |  | 19 |
2015 |  |  |  | 246 |  |  | 220 |  |  | 208 |  |  | 195 |  |  | 179 |  |  | 173 |  |  | 173 |  |  | 171 |  |  | 167 |  |  | 20 |  |  | 17 |
2016 |  |  |  |  |  | 230 |  |  | 218 |  |  | 206 |  |  | 188 |  |  | 183 |  |  | 183 |  |  | 183 |  |  | 181 |  |  | 22 |  |  | 16 |
2017 |  |  |  |  |  |  |  | 218 |  |  | 208 |  |  | 190 |  |  | 183 |  |  | 172 |  |  | 167 |  |  | 160 |  |  | 21 |  |  | 15 |
2018 |  |  |  |  |  |  |  |  |  | 222 |  |  | 207 |  |  | 199 |  |  | 186 |  |  | 179 |  |  | 175 |  |  | 26 |  |  | 15 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 224 |  |  | 215 |  |  | 202 |  |  | 188 |  |  | 178 |  |  | 31 |  |  | 14 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 204 |  |  | 190 |  |  | 172 |  |  | 153 |  |  | 39 |  |  | 11 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 202 |  |  | 190 |  |  | 183 |  |  | 42 |  |  | 11 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 209 |  |  | 205 |  |  | 65 |  |  | 11 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 221 |  |  | 106 |  |  | 9 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,826 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance
2014 |  | $ | 56 |  |  | $ | 110 |  |  | $ | 134 |  |  | $ | 148 |  |  | $ | 157 |  |  | $ | 162 |  |  | $ | 165 |  |  | $ | 168 |  |  | $ | 171 |  |  | $ | 172 |  |  |  |  |
2015 |  |  |  | 47 |  |  | 93 |  |  | 115 |  |  | 129 |  |  | 134 |  |  | 137 |  |  | 139 |  |  | 139 |  |  | 140 |  |  |  |  |
2016 |  |  |  |  |  | 46 |  |  | 97 |  |  | 119 |  |  | 131 |  |  | 141 |  |  | 146 |  |  | 148 |  |  | 150 |  |  |  |  |
2017 |  |  |  |  |  |  |  | 45 |  |  | 88 |  |  | 106 |  |  | 114 |  |  | 119 |  |  | 122 |  |  | 126 |  |  |  |  |
2018 |  |  |  |  |  |  |  |  |  | 48 |  |  | 95 |  |  | 115 |  |  | 127 |  |  | 133 |  |  | 135 |  |  |  |  |
2019 |  |  |  |  |  |  |  |  |  |  |  | 49 |  |  | 94 |  |  | 115 |  |  | 122 |  |  | 129 |  |  |  |  |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 37 |  |  | 68 |  |  | 82 |  |  | 96 |  |  |  |  |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 37 |  |  | 82 |  |  | 100 |  |  |  |  |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 37 |  |  | 76 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,160 |  |  |  |  |
All outstanding liabilities before 2014, net of reinsurance |  | 316 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  | $ | 982 |  |  |  |  |
The following table shows the commercial auto incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2019 |  | $ | 452 |  |  | $ | 451 |  |  | $ | 453 |  |  | $ | 469 |  |  | $ | 471 |  |  | $ | 7 |  |  | 46 |
2020 |  |  |  | 424 |  |  | 391 |  |  | 384 |  |  | 377 |  |  | 16 |  |  | 36 |
2021 |  |  |  |  |  | 470 |  |  | 477 |  |  | 465 |  |  | 51 |  |  | 39 |
2022 |  |  |  |  |  |  |  | 558 |  |  | 569 |  |  | 105 |  |  | 41 |
2023 |  |  |  |  |  |  |  |  |  | 550 |  |  | 203 |  |  | 34 |
Total |  |  |  |  |  |  |  |  |  | $ | 2,432 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance |  |  |  |  |  |
2019 |  | $ | 183 |  |  | $ | 268 |  |  | $ | 333 |  |  | $ | 395 |  |  | $ | 435 |  |  |  |  |
2020 |  |  |  | 154 |  |  | 214 |  |  | 280 |  |  | 328 |  |  |  |  |
2021 |  |  |  |  |  | 179 |  |  | 278 |  |  | 346 |  |  |  |  |
2022 |  |  |  |  |  |  |  | 217 |  |  | 332 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  | 216 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  | 1,657 |  |  |  |  |
All outstanding liabilities before 2019, net of reinsurance |  | 32 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  | $ | 807 |  |  |  |  |
The following table shows the commercial property incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2019 |  | $ | 621 |  |  | $ | 606 |  |  | $ | 600 |  |  | $ | 598 |  |  | $ | 592 |  |  | $ | 3 |  |  | 17 |
2020 |  |  |  | 855 |  |  | 742 |  |  | 719 |  |  | 716 |  |  | 22 |  |  | 24 |
2021 |  |  |  |  |  | 607 |  |  | 586 |  |  | 576 |  |  | 5 |  |  | 14 |
2022 |  |  |  |  |  |  |  | 813 |  |  | 779 |  |  | 24 |  |  | 16 |
2023 |  |  |  |  |  |  |  |  |  | 833 |  |  | 92 |  |  | 12 |
Total |  |  |  |  |  |  |  |  |  | $ | 3,496 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance |  |  |  |  |  |
2019 |  | $ | 413 |  |  | $ | 561 |  |  | $ | 579 |  |  | $ | 590 |  |  | $ | 591 |  |  |  |  |
2020 |  |  |  | 489 |  |  | 637 |  |  | 672 |  |  | 687 |  |  |  |  |
2021 |  |  |  |  |  | 326 |  |  | 527 |  |  | 558 |  |  |  |  |
2022 |  |  |  |  |  |  |  | 393 |  |  | 691 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  | 506 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  | 3,033 |  |  |  |  |
All outstanding liabilities before 2019, net of reinsurance |  | 12 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  | $ | 475 |  |  |  |  |
The following table shows the personal auto incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2019 |  | $ | 399 |  |  | $ | 383 |  |  | $ | 380 |  |  | $ | 383 |  |  | $ | 381 |  |  | $ | 2 |  |  | 102 |
2020 |  |  |  | 305 |  |  | 281 |  |  | 277 |  |  | 277 |  |  | 3 |  |  | 71 |
2021 |  |  |  |  |  | 350 |  |  | 343 |  |  | 342 |  |  | 6 |  |  | 80 |
2022 |  |  |  |  |  |  |  | 427 |  |  | 418 |  |  | 15 |  |  | 86 |
2023 |  |  |  |  |  |  |  |  |  | 466 |  |  | 72 |  |  | 86 |
Total |  |  |  |  |  |  |  |  |  | $ | 1,884 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance |  |  |  |  |  |
2019 |  | $ | 250 |  |  | $ | 314 |  |  | $ | 346 |  |  | $ | 363 |  |  | $ | 373 |  |  |  |  |
2020 |  |  |  | 186 |  |  | 225 |  |  | 248 |  |  | 264 |  |  |  |  |
2021 |  |  |  |  |  | 219 |  |  | 278 |  |  | 304 |  |  |  |  |
2022 |  |  |  |  |  |  |  | 277 |  |  | 349 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  | 304 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  | 1,594 |  |  |  |  |
All outstanding liabilities before 2019, net of reinsurance |  | 12 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  | $ | 302 |  |  |  |  |
The following table shows the homeowner incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2019 |  | $ | 432 |  |  | $ | 421 |  |  | $ | 422 |  |  | $ | 418 |  |  | $ | 418 |  |  | $ | 2 |  |  | 22 |
2020 |  |  |  | 497 |  |  | 475 |  |  | 470 |  |  | 471 |  |  | 3 |  |  | 23 |
2021 |  |  |  |  |  | 495 |  |  | 449 |  |  | 440 |  |  | 4 |  |  | 19 |
2022 |  |  |  |  |  |  |  | 552 |  |  | 505 |  |  | 21 |  |  | 20 |
2023 |  |  |  |  |  |  |  |  |  | 742 |  |  | 116 |  |  | 21 |
Total |  |  |  |  |  |  |  |  |  | $ | 2,576 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance |  |  |  |  |  |
2019 |  | $ | 303 |  |  | $ | 391 |  |  | $ | 407 |  |  | $ | 411 |  |  | $ | 414 |  |  |  |  |
2020 |  |  |  | 326 |  |  | 434 |  |  | 453 |  |  | 464 |  |  |  |  |
2021 |  |  |  |  |  | 285 |  |  | 405 |  |  | 424 |  |  |  |  |
2022 |  |  |  |  |  |  |  | 299 |  |  | 461 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  | 468 |  |  |  |  |
Total |  | 2,231 |  |  |  |  |
All outstanding liabilities before 2019, net of reinsurance |  | 6 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  | $ | 351 |  |  |  |  |
The following table shows the excess and surplus lines incurred and paid losses and ALAE development by accident year. The table also shows the IBNR reserves plus expected development on reported losses and claim frequency:
(Dollars in millions, reported claims in thousands) | As of December 31, 2023
Incurred losses and ALAE, net of reinsurance for the years ended December 31, |  |  |  |  |  | Total of incurred but not reported liabilities plus expected development on reported losses |  | Cumulative number of reported claims
Accident |  | Unaudited |  |  |  |
Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2014 |  | $ | 95 |  |  | $ | 82 |  |  | $ | 75 |  |  | $ | 64 |  |  | $ | 60 |  |  | $ | 59 |  |  | $ | 59 |  |  | $ | 58 |  |  | $ | 56 |  |  | $ | 57 |  |  | $ | — |  |  | 2 |
2015 |  |  |  | 96 |  |  | 81 |  |  | 73 |  |  | 67 |  |  | 65 |  |  | 66 |  |  | 65 |  |  | 61 |  |  | 65 |  |  | — |  |  | 2 |
2016 |  |  |  |  |  | 93 |  |  | 87 |  |  | 84 |  |  | 82 |  |  | 90 |  |  | 91 |  |  | 88 |  |  | 89 |  |  | 2 |  |  | 3 |
2017 |  |  |  |  |  |  |  | 104 |  |  | 95 |  |  | 95 |  |  | 94 |  |  | 94 |  |  | 91 |  |  | 94 |  |  | 4 |  |  | 3 |
2018 |  |  |  |  |  |  |  |  |  | 116 |  |  | 109 |  |  | 110 |  |  | 108 |  |  | 107 |  |  | 105 |  |  | 6 |  |  | 3 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 137 |  |  | 135 |  |  | 141 |  |  | 139 |  |  | 142 |  |  | 16 |  |  | 3 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 172 |  |  | 172 |  |  | 160 |  |  | 152 |  |  | 26 |  |  | 4 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 217 |  |  | 235 |  |  | 233 |  |  | 66 |  |  | 4 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 294 |  |  | 280 |  |  | 134 |  |  | 3 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 328 |  |  | 251 |  |  | 2 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,545 |  |  |  |  |
Cumulative paid losses and ALAE, net of reinsurance |  |  |  |  |  |  |  |  |  |  |  |  |  |
2014 |  | $ | 9 |  |  | $ | 17 |  |  | $ | 27 |  |  | $ | 37 |  |  | $ | 43 |  |  | $ | 48 |  |  | $ | 51 |  |  | $ | 53 |  |  | $ | 55 |  |  | $ | 55 |  |  |  |  |
2015 |  |  |  | 8 |  |  | 19 |  |  | 29 |  |  | 41 |  |  | 51 |  |  | 54 |  |  | 56 |  |  | 58 |  |  | 62 |  |  |  |  |
2016 |  |  |  |  |  | 10 |  |  | 21 |  |  | 39 |  |  | 51 |  |  | 62 |  |  | 75 |  |  | 81 |  |  | 83 |  |  |  |  |
2017 |  |  |  |  |  |  |  | 11 |  |  | 23 |  |  | 41 |  |  | 57 |  |  | 68 |  |  | 77 |  |  | 88 |  |  |  |  |
2018 |  |  |  |  |  |  |  |  |  | 11 |  |  | 26 |  |  | 50 |  |  | 62 |  |  | 75 |  |  | 88 |  |  |  |  |
2019 |  |  |  |  |  |  |  |  |  |  |  | 13 |  |  | 34 |  |  | 55 |  |  | 79 |  |  | 102 |  |  |  |  |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 |  |  | 37 |  |  | 56 |  |  | 86 |  |  |  |  |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17 |  |  | 45 |  |  | 82 |  |  |  |  |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21 |  |  | 46 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 15 |  |  |  |  |
Total |  |  |  |  |  |  |  |  |  | 707 |  |  |  |  |
All outstanding liabilities before 2014, net of reinsurance |  |  |  |  |  |  |  |  |  | 4 |  |  |  |  |
Liabilities for loss and ALAE, net of reinsurance |  |  |  |  |  |  |  | $ | 842 |  |  |  |  |
Schedule of Average Annual Percentage Payout of Incurred Claims | The following table shows the average annual percentage payout of incurred losses for the commercial casualty line of business:
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited)
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5 |  | 6 |  | 7 |  | 8 |  | 9 |  | 10
Average annual percentage payout |  | 6.4% |  | 13.7% |  | 18.9% |  | 18.4% |  | 13.8% |  | 9.1% |  | 5.7% |  | 4.0% |  | 3.5% |  | 2.1%
The following table shows the average annual percentage payout of incurred losses for the workers’ compensation line of business:
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited)
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5 |  | 6 |  | 7 |  | 8 |  | 9 |  | 10
Average annual percentage payout |  | 24.3% |  | 25.2% |  | 11.3% |  | 6.6% |  | 3.9% |  | 2.1% |  | 1.6% |  | 0.8% |  | 0.8% |  | 0.9%
The following table shows the average annual percentage payout of incurred losses for the commercial auto line of business. Commercial auto includes both physical damage and liability losses. A majority of the incurred losses paid after year 2 are the result of liability losses.
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited)
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5
Average annual percentage payout |  | 39.1% |  | 18.9% |  | 15.3% |  | 12.8% |  | 8.6%
The following table shows the average annual percentage payout of incurred losses for the commercial property line of business:
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited)
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5
Average annual percentage payout |  | 61.1% |  | 29.7% |  | 4.5% |  | 2.0% |  | —%
The following table shows the average annual percentage payout of incurred losses for the personal auto line of business. Personal auto includes both physical damage and liability losses. A majority of the incurred losses paid after year 2 are the result of liability losses.
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited)
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5
Average annual percentage payout |  | 65.6% |  | 16.4% |  | 8.2% |  | 5.0% |  | 2.4%
The following table shows the average annual percentage payout of incurred losses for the homeowner line of business:
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited)
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5
Average annual percentage payout |  | 65.8% |  | 25.8% |  | 4.1% |  | 1.6% |  | 0.6%
The following table shows the average annual percentage payout of incurred losses for the excess and surplus lines insurance segment. Excess and surplus lines consist mostly of commercial casualty and commercial property coverages. A majority of the incurred losses paid after year 2 are the result of commercial casualty losses.
Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited) |  |  |  |  |  |  |  |
Years |  | 1 |  | 2 |  | 3 |  | 4 |  | 5 |  | 6 |  | 7 |  | 8 |  | 9 |  | 10
Average annual percentage payout |  | 10.1% |  | 13.2% |  | 17.4% |  | 16.2% |  | 13.1% |  | 10.4% |  | 6.3% |  | 2.7% |  | 4.3% |  | 1.1%

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