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v3.25.3

Reinsurance - Consolidated Property Casualty Insurance Assumed and Ceded Business (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Property Casualty Insurance Assumed And Ceded Business |  |  |  |
Earned premiums | $ 2,567 | $ 2,297 | $ 7,391 | $ 6,524
Incurred loss and loss expenses | 1,540 | 1,578 | 5,168 | 4,407
Consolidated Property And Casualty Insurance |  |  |  |
Property Casualty Insurance Assumed And Ceded Business |  |  |  |
Direct written premiums | 2,482 | 2,285 | 7,542 | 6,772
Assumed written premiums | 98 | 102 | 597 | 577
Ceded written premiums | (87) | (94) | (418) | (349)
Net written premiums | 2,493 | 2,293 | 7,721 | 7,000
Direct earned premiums | 2,440 | 2,179 | 7,020 | 6,128
Assumed earned premiums | 162 | 159 | 514 | 466
Ceded earned premiums | (118) | (121) | (389) | (310)
Earned premiums | 2,484 | 2,217 | 7,145 | 6,284
Direct incurred loss and loss expenses | 1,408 | 1,415 | 5,065 | 3,960
Assumed incurred loss and loss expenses | 78 | 103 | 405 | 242
Ceded incurred loss and loss expenses | (22) | (19) | (532) | (21)
Incurred loss and loss expenses | $ 1,464 | $ 1,499 | $ 4,938 | $ 4,181

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