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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net Income (Loss) $ 1,887 $ 660
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other 115 88
Investment gains and losses, net (1,499) (69)
Interest credited to contract holders 34 33
Deferred income tax expense 199 2
Changes in:    
Premiums and reinsurance receivable (356) (392)
Deferred policy acquisition costs (148) (88)
Other assets (8) (30)
Loss and loss expense reserves 878 677
Life policy and investment contract reserves 54 73
Unearned premiums 755 506
Other liabilities 55 8
Current income tax receivable/payable 41 7
Net cash provided by operating activities 2,007 1,475
Cash Flows From Investing Activities    
Sale, call or maturity of fixed maturities 2,354 826
Sale of equity securities 1,332 68
Purchase of fixed maturities (3,797) (1,853)
Purchase of equity securities (282) (157)
Changes in finance receivables (10) (10)
Investment in building and equipment (18) (10)
Change in other invested assets, net (68) (102)
Net cash used in investing activities (489) (1,238)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (365) (338)
Shares acquired - share repurchase authorization (121) (67)
Changes in note payable 0 (25)
Proceeds from stock options exercised 7 7
Contract holders' funds deposited 58 67
Contract holders' funds withdrawn (152) (165)
Other (100) (81)
Net cash used in financing activities (673) (602)
Net change in cash and cash equivalents 845 (365)
Cash and cash equivalents at beginning of year 907 1,264
Cash and cash equivalents at end of period 1,752 899
Supplemental Disclosures of Cash Flow Information:    
Interest paid 27 28
Income taxes paid 221 94
Noncash Activities    
Equipment acquired under finance lease obligations 13 10
Share-based compensation 41 15
Other assets and other liabilities $ 562 $ 120