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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities      
Net Income (Loss) $ 2,292 $ 1,843 $ (487)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and other 130 112 127
Investment gains and losses, net (1,367) (1,108) 1,493
Interest credited 44 45 43
Deferred income tax expense 117 223 (355)
Changes in:      
Premiums and reinsurance receivable (266) (264) (340)
Deferred policy acquisition costs (149) (80) (96)
Other assets (14) (30) 28
Loss and loss expense reserves 953 650 1,095
Life policy and investment contract reserves 69 99 78
Unearned premiums 694 430 418
Other liabilities 134 90 88
Current income tax receivable/payable 12 42 (40)
Net cash provided by operating activities 2,649 2,052 2,052
Cash Flows From Investing Activities      
Sale, call or maturity of fixed maturities 3,202 1,136 1,113
Sale of equity securities 1,599 206 430
Purchase of fixed maturities (5,732) (2,554) (1,901)
Purchase of equity securities (321) (220) (466)
Change in short-term investments, net (295) 0 0
Changes in finance receivables (15) (15) 7
Investment in buildings and equipment (22) (18) (15)
Change in other invested assets, net (112) (143) (101)
Net cash used in investing activities (1,696) (1,608) (933)
Cash Flows From Financing Activities      
Payment of cash dividends to shareholders (490) (454) (423)
Shares acquired - share repurchase authorization (126) (67) (410)
Changes in note payable 0 (25) (4)
Proceeds from stock options exercised 10 9 10
Contract holders' funds deposited 73 83 70
Contract holders' funds withdrawn (190) (218) (144)
Other (154) (129) (93)
Net cash used in financing activities (877) (801) (994)
Net change in cash and cash equivalents 76 (357) 125
Cash and cash equivalents at beginning of year 907 1,264 1,139
Cash and cash equivalents at end of year 983 907 1,264
Supplemental Disclosures of Cash Flow Information      
Interest paid 53 54 53
Income taxes paid 395 136 165
Noncash Activities      
Equipment acquired under finance lease obligations 19 20 17
Share-based compensation 51 19 27
Other assets and other liabilities $ 103 $ 77 $ 115