XML 41 R31.htm IDEA: XBRL DOCUMENT v3.24.3
Reinsurance (Tables)
 9 Months Ended
Sep. 30, 2024
Reinsurance Disclosures [Abstract]  
Property Casualty Insurance Assumed And Ceded Business
The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses:
(Dollars in millions)Three months ended September 30,Nine months ended September 30,
2024202320242023
Direct written premiums$2,285 $1,939 $6,772 $5,869 
Assumed written premiums102 89 577 527 
Ceded written premiums(94)(71)(349)(270)
Net written premiums$2,293 $1,957 $7,000 $6,126 
Direct earned premiums$2,179 $1,912 $6,128 $5,478 
Assumed earned premiums159 142 466 435 
Ceded earned premiums(121)(97)(310)(252)
Earned premiums$2,217 $1,957 $6,284 $5,661 
Direct incurred loss and loss expenses$1,415 $1,220 $3,960 $3,784 
Assumed incurred loss and loss expenses103 82 242 216 
Ceded incurred loss and loss expenses(19)(41)(21)(160)
Incurred loss and loss expenses$1,499 $1,261 $4,181 $3,840 
Life Insurance Assumed and Ceded Business
The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred:
(Dollars in millions)Three months ended September 30,Nine months ended September 30,
2024202320242023
Direct earned premiums$101 $97 $301 $293 
Ceded earned premiums(21)(21)(61)(60)
Earned premiums$80 $76 $240 $233 
Direct contract holders' benefits incurred$92 $92 $262 $289 
Ceded contract holders' benefits incurred(13)(21)(36)(59)
Contract holders' benefits incurred$79 $71 $226 $230