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Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Premiums earned $ 3,067 $ 2,656 $ 8,775 $ 7,603
Net investment income 151 293 620 960
Net gains (losses) on investments:        
Credit allowances on fixed maturity securities (5) (7) (18) (30)
Gains (losses) from fair value adjustments (136) (5) (462) 128
Net realized gains (losses) from dispositions 12 8 (39) 41
Total net gains (losses) on investments (129) (4) (519) 139
Other income (expense) (16) (20) (71) 44
Total revenues 3,073 2,925 8,805 8,746
CLAIMS AND EXPENSES:        
Incurred losses and loss adjustment expenses 2,623 2,274 6,289 5,572
Commission, brokerage, taxes and fees 641 564 1,877 1,611
Other underwriting expenses 169 141 500 424
Corporate expenses 16 18 45 46
Interest, fees and bond issue cost amortization expense 25 16 74 47
Total claims and expenses 3,474 3,013 8,785 7,700
INCOME (LOSS) BEFORE TAXES (401) (88) 20 1,046
Income tax expense (benefit) (82) (14) (81) 97
NET INCOME (LOSS) (319) (73) 101 948
Other comprehensive income (loss), net of tax:        
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (712) (100) (2,260) (304)
Reclassification adjustment for realized losses (gains) included in net income (loss) 41 (1) 61 (3)
Total URA(D) on securities arising during the period (671) (101) (2,199) (308)
Foreign currency translation adjustments (101) (54) (163) (29)
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 1 2 2 6
Total benefit plan net gain (loss) for the period 1 2 2 6
Total other comprehensive income (loss), net of tax (771) (153) (2,360) (331)
COMPREHENSIVE INCOME (LOSS) $ (1,090) $ (227) $ (2,259) $ 617
EARNINGS PER COMMON SHARE:        
Per common share net income (loss): Basic $ (8.22) $ (1.88) $ 2.57 $ 23.74
Per common share net income (loss): Diluted $ (8.22) $ (1.88) $ 2.57 $ 23.72