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Reinsurance (Tables)
 9 Months Ended
Sep. 30, 2025
Reinsurance Disclosures [Abstract]  
Property Casualty Insurance Assumed And Ceded Business
The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses:
(Dollars in millions)Three months ended September 30,Nine months ended September 30,
2025202420252024
Direct written premiums$2,482 $2,285 $7,542 $6,772 
Assumed written premiums98 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 premiums162 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 expenses78 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 
Life Insurance Assumed and Ceded Business
The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred:
(Dollars in millions)Three months ended September 30,Nine months ended September 30,
2025202420252024
Direct earned premiums$104 $101 $307 $301 
Ceded earned premiums(21)(21)(61)(61)
Earned premiums$83 $80 $246 $240 
Direct contract holders' benefits incurred$91 $92 $289 $262 
Ceded contract holders' benefits incurred(15)(13)(59)(36)
Contract holders' benefits incurred$76 $79 $230 $226