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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net Income (Loss) $ (90) $ 755
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other 47 34
Investment gains and losses, net 74 (608)
Interest credited to contract holders 11 11
Deferred income tax expense 4 137
Changes in:    
Premiums and reinsurance receivable (502) (203)
Deferred policy acquisition costs (55) (50)
Other assets (22) (8)
Loss and loss expense reserves 777 196
Life policy and investment contract reserves 5 26
Unearned premiums 255 279
Other liabilities (135) (161)
Current income tax receivable/payable (59) (55)
Net cash provided by operating activities 310 353
Cash Flows From Investing Activities    
Sale, call or maturity of fixed maturities 497 464
Sale of equity securities 17 266
Purchase of fixed maturities (717) (838)
Purchase of equity securities (22) (226)
Change in short-term investments 200 0
Changes in finance receivables (3) 2
Investment in building and equipment (3) (7)
Change in other invested assets, net (27) (16)
Net cash used in investing activities (58) (355)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (125) (116)
Shares acquired - share repurchase authorization (42) (75)
Proceeds from stock options exercised 4 3
Contract holders' funds deposited 14 19
Contract holders' funds withdrawn (40) (60)
Other (36) (57)
Net cash used in financing activities (225) (286)
Net change in cash and cash equivalents 27 (288)
Cash and cash equivalents at beginning of year 983 907
Cash and cash equivalents at end of period 1,010 619
Supplemental Disclosures of Cash Flow Information:    
Income taxes paid 2 106
Noncash Activities    
Equipment acquired under finance lease obligations 8 4
Share-based compensation 13 17
Other assets and other liabilities $ 100 $ 97