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Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Information

Segment information is summarized in the following table: 

(Dollars in millions)						Three months ended September 30,												Nine months ended September 30,
						2024						2023						2024						2023
Revenues:
Commercial lines insurance
Commercial casualty						$	381					$	365					$	1,118					$	1,115
Commercial property						361						321						1,045						933
Commercial auto						231						216						679						644
Workers' compensation						61						66						182						212
Other commercial						103						94						302						280
Commercial lines insurance premiums						1,137						1,062						3,326						3,184
Fee revenues						1						1						3						3
Total commercial lines insurance						1,138						1,063						3,329						3,187
Personal lines insurance
Personal auto						242						185						674						524
Homeowner						352						271						981						755
Other personal						84						71						242						205
Personal lines insurance premiums						678						527						1,897						1,484
Fee revenues						2						1						4						3
Total personal lines insurance						680						528						1,901						1,487
Excess and surplus lines insurance						157						135						447						394
Fee revenues						—						1						2						2
Total excess and surplus lines insurance						157						136						449						396
Life insurance premiums						80						76						240						233
Fee revenues						1						3						4						8
Total life insurance						81						79						244						241
Investments
Investment income, net of expenses						258						225						745						655
Investment gains and losses, net						758						(456)						1,507						84
Total investment revenue						1,016						(231)						2,252						739
Other
Premiums						245						233						614						599
Other						3						3						10						8
Total other revenues						248						236						624						607
Total revenues						$	3,320					$	1,811					$	8,799					$	6,657
Income (loss) before income taxes:
Insurance underwriting results
Commercial lines insurance						$	81					$	52					$	130					$	83
Personal lines insurance						(69)						1						(74)						(92)
Excess and surplus lines insurance						8						14						28						38
Life insurance						10						17						42						38
Investments						984						(262)						2,158						648
Other						26						30						95						71
Total income (loss) before income taxes						$	1,040					$	(148)					$	2,379					$	786

Identifiable assets:						September 30, 2024						December 31, 2023
Property casualty insurance						$	6,223					$	5,294
Life insurance						1,654						1,562
Investments						27,640						24,999
Other						1,492						914
Total						$	37,009					$	32,769

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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