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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31,
20252024
Direct written premiums$2,388 $2,125 
Assumed written premiums303 239 
Ceded written premiums(196)(116)
Net written premiums$2,495 $2,248 
Direct earned premiums$2,247 $1,934 
Assumed earned premiums190 152 
Ceded earned premiums(173)(94)
Earned premiums$2,264 $1,992 
Direct incurred loss and loss expenses$2,149 $1,193 
Assumed incurred loss and loss expenses236 76 
Ceded incurred loss and loss expenses(498)1 
Incurred loss and loss expenses$1,887 $1,270 
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 March 31,
20252024
Direct earned premiums$99 $99 
Ceded earned premiums(19)(20)
Earned premiums$80 $79 
Direct contract holders' benefits incurred$94 $94 
Ceded contract holders' benefits incurred(13)(15)
Contract holders' benefits incurred$81 $79