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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

Segment information is summarized in the following table: 

(Dollars in millions)									Three months ended March 31,
															2025						2024
Commercial lines insurance
Commercial lines insurance premiums															$	1,179					$	1,082
Fee revenues															2						1
Total commercial lines insurance revenues															1,181						1,083
Loss and loss expenses															735						719
Underwriting expenses															349						325
Total commercial lines income before income taxes															97						39
Personal lines insurance
Personal lines insurance premiums															698						588
Fee revenues															1						1
Total personal lines insurance revenues															699						589
Loss and loss expenses															846						379
Underwriting expenses															210						173
Total personal lines income (loss) before income taxes															(357)						37
Excess and surplus lines insurance
Excess and surplus lines insurance premiums															162						139
Fee revenues															1						1
Total excess and surplus lines insurance revenues															163						140
Loss and loss expenses															99						90
Underwriting expenses															44						38
Total excess and surplus lines income before income taxes															20						12
Life insurance
Life insurance premiums															80						79
Fee revenues															1						1
Total life insurance revenues															81						80
Contract holders' benefits incurred															81						79
Investment interest credited to contract holders															(32)						(31)
Underwriting expenses incurred															23						22
Total life insurance income before income taxes															9						10
Investments
Investment income, net of expenses															280						245
Investment gains and losses, net															(67)						612
Total investment revenue															213						857
Investment interest credited to contract holders															32						31
Total investment income before income taxes															181						826
Reconciliation to condensed consolidated income (loss) before income taxes
Total segment revenues															2,337						2,749
Other earned premiums															225						183
Other revenues															4						3
Total revenues															2,566						2,935
Total segment benefits and expenses															2,387						1,825
Other loss and loss expenses															207						82
Other underwriting expenses															76						58
Other benefits and expenses															24						17
Total benefits and expenses															2,694						1,982
Total income (loss) before income taxes															$	(128)					$	953

Identifiable assets by segment are summarized in the following table:

(Dollars in millions)						March 31,						December 31,
						2025						2024
Identifiable assets:
Property casualty insurance						$	6,481					$	5,927
Life insurance						1,684						1,658
Investments						27,967						27,887
Other						1,144						1,029
Total						$	37,276					$	36,501

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- 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.

+ Details

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