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Property Casualty Loss and Loss Expenses (Tables)
9 Months Ended
Sep. 30, 2025
Premiums Written, Net [Abstract]  
Consolidated Property Casualty Loss And Loss Expense Reserves
This table summarizes activity for our consolidated property casualty loss and loss expense reserves:
(Dollars in millions)Three months ended September 30,Nine months ended September 30,
2025202420252024
Gross loss and loss expense reserves, beginning of period$11,001 $9,494 $9,937 $8,975 
Less reinsurance recoverable504 303 269 362 
Net loss and loss expense reserves, beginning of period10,497 9,191 9,668 8,613 
Net incurred loss and loss expenses related to:    
Current accident year1,486 1,570 5,114 4,392 
Prior accident years(22)(71)(176)(211)
Total incurred1,464 1,499 4,938 4,181 
Net paid loss and loss expenses related to:    
Current accident year616 574 1,800 1,262 
Prior accident years601 540 2,062 1,956 
Total paid1,217 1,114 3,862 3,218 
Net loss and loss expense reserves, end of period10,744 9,576 10,744 9,576 
Plus reinsurance recoverable451 290 451 290 
Gross loss and loss expense reserves, end of period$11,195 $9,866 $11,195 $9,866