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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 597 $ 1,379 $ 514
Adjustments to reconcile net income to net cash provided by operating activities:      
Decrease (increase) in premiums receivable (435) (649) (387)
Decrease (increase) in funds held by reinsureds, net (197) (151) (219)
Decrease (increase) in reinsurance recoverables (413) (125) (151)
Decrease (increase) in income taxes (181) 68 240
Decrease (increase) in prepaid reinsurance premiums (166) (128) 55
Increase (decrease) in reserve for losses and loss adjustment expenses 3,477 2,805 2,631
Increase (decrease) in future policy benefit reserve (7) (2) (5)
Increase (decrease) in unearned premiums 655 1,146 404
Increase (decrease) in other net payable to reinsurers 201 186 (24)
Increase (decrease) in losses in course of payment (186) 134 75
Change in equity adjustments in limited partnerships (94) (613) (104)
Distribution of limited partnership income 180 211 122
Change in other assets and liabilities, net (291) (290) (99)
Non-cash compensation expense 45 43 39
Amortization of bond premium (accrual of bond discount) 55 76 50
Net realized (gains) losses on investments 455 (258) (268)
Net cash provided by (used in) operating activities 3,695 3,833 2,874
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from fixed maturities matured/called/repaid - available for sale 2,626 3,893 2,586
Proceeds from fixed maturities sold - available for sale 1,403 1,916 1,951
Proceeds from fixed maturities matured/called/repaid - held to maturity 39
Proceeds from equity securities sold 2,217 990 376
Distributions from other invested assets 266 257 310
Cost of fixed maturities acquired - available for sale (7,344) (8,825) (7,189)
Cost of fixed maturities acquired - held to maturity (153)
Cost of equity securities acquired (1,003) (1,098) (637)
Cost of other invested assets acquired (1,547) (757) (557)
Net change in short-term investments 149 (43) (718)
Net change in unsettled securities transactions (71) (203) 195
Net cash provided by (used in) investing activities (3,418) (3,869) (3,683)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Common shares issued during the period for share-based compensation, net of expense (17) (14) (14)
Purchase of treasury shares (61) (225) (200)
Dividends paid to shareholders (255) (247) (249)
Proceeds from issuance of senior notes 968 979
Cost of debt repurchase (6) (11)
Net FHLB borrowings (repayments) 209 310
Cost of shares withheld on settlements of share-based compensation awards (20) (17) (16)
Net cash provided by (used in) financing activities (359) 674 800
EFFECT OF EXCHANGE RATE CHANGES ON CASH 39 1 3
Net increase (decrease) in cash (42) 639 (6)
Cash, beginning of period 1,441 802 808
Cash, end of period 1,398 1,441 802
SUPPLEMENTAL CASH FLOW INFORMATION:      
Income taxes paid (recovered) 171 98 (170)
Interest paid 98 62 28
NON-CASH TRANSACTIONS:      
Reclassification of specific investments from fixed maturity securities, available for sale at fair value to fixed maturity securities, held to maturity at amortized cost net of credit allowances $ 722