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v3.25.2

Reinsurance - Consolidated Property Casualty Insurance Assumed and Ceded Business (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Property Casualty Insurance Assumed And Ceded Business |  |  |  |
Earned premiums | $ 2,480 | $ 2,156 | $ 4,824 | $ 4,227
Incurred loss and loss expenses | 1,660 | 1,480 | 3,628 | 2,829
Consolidated Property And Casualty Insurance |  |  |  |
Property Casualty Insurance Assumed And Ceded Business |  |  |  |
Direct written premiums | 2,672 | 2,362 | 5,060 | 4,487
Assumed written premiums | 196 | 236 | 499 | 475
Ceded written premiums | (135) | (139) | (331) | (255)
Net written premiums | 2,733 | 2,459 | 5,228 | 4,707
Direct earned premiums | 2,333 | 2,015 | 4,580 | 3,949
Assumed earned premiums | 162 | 155 | 352 | 307
Ceded earned premiums | (98) | (95) | (271) | (189)
Earned premiums | 2,397 | 2,075 | 4,661 | 4,067
Direct incurred loss and loss expenses | 1,508 | 1,352 | 3,657 | 2,545
Assumed incurred loss and loss expenses | 91 | 63 | 327 | 139
Ceded incurred loss and loss expenses | (12) | (3) | (510) | (2)
Incurred loss and loss expenses | $ 1,587 | $ 1,412 | $ 3,474 | $ 2,682

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