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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule Of Underwriting Results For Operating Segments
Three Months Ended September 30, 2022
Nine Months Ended September 30, 2022
(Dollars in millions)
Reinsurance
Insurance
Total
Reinsurance
Insurance
Total
Gross written premiums
$
2,551
$
1,129
$
3,680
$
6,938
$
3,376
$
10,313
Net written premiums
2,460
862
3,323
6,664
2,492
9,156
Premiums earned
$
2,245
$
822
$
3,067
$
6,451
$
2,324
$
8,775
Incurred losses and LAE
1,992
631
2,623
4,699
1,591
6,289
Commission and brokerage
537
104
641
1,582
295
1,877
Other underwriting expenses
54
115
169
156
344
500
Underwriting gain (loss)
$
(338)
$
(29)
$
(367)
$
14
$
95
$
109
Net investment income
151
620
Net gains (losses) on investments
(129)
(519)
Corporate expenses
(16)
(45)
Interest, fee and bond issue cost amortization expense
(25)
(74)
Other income (expense)
(16)
(71)
Income (loss) before taxes
$
(401)
$
20
(Some amounts may not reconcile due to rounding.)
Three Months Ended September 30, 2021
Nine Months Ended September 30, 2021
(Dollars in millions)
Reinsurance
Insurance
Total
Reinsurance
Insurance
Total
Gross written premiums
$
2,488
$
1,009
$
3,498
$
6,696
$
2,924
$
9,619
Net written premiums
2,293
733
3,026
6,266
2,123
8,389
Premiums earned
$
1,976
$
680
$
2,656
$
5,675
$
1,928
$
7,603
Incurred losses and LAE
1,766
508
2,274
4,206
1,366
5,572
Commission and brokerage
471
93
564
1,353
258
1,611
Other underwriting expenses
45
96
141
144
280
424
Underwriting gain (loss)
$
(306)
$
(17)
$
(323)
$
(29)
$
24
$
(5)
Net investment income
293
960
Net gains (losses) on investments
(4)
139
Corporate expenses
(18)
(46)
Interest, fee and bond issue cost amortization expense
(16)
(47)
Other income (expense)
(20)
44
Income (loss) before taxes
$
(88)
$
1,046
(Some amounts may not reconcile due to rounding.)
Schedule Of Gross Written Premiums Derived From Largest Non-U.S. Market
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in thousands)
2022
2021
2022
2021
United Kingdom gross written premium
$
312
$
282
$
936
$
897