XML 104 R30.htm IDEA: XBRL DOCUMENT v3.24.1.u1

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Underwriting Results for Segments

The following tables present the underwriting results for the operating segments for the periods indicated:

									Three Months Ended March 31, 2024
(Dollars in millions)																					Reinsurance						Insurance						Total
Gross written premiums																					$	3,175					$	1,236					$	4,411
Net written premiums																					2,942						958						3,900
Premiums earned																					$	2,728					$	923					$	3,652
Incurred losses and LAE																					1,641						596						2,237
Commission and brokerage																					671						111						782
Other underwriting expenses																					71						153						224
Underwriting gain (loss)																					$	345					$	64					$	409
Net investment income																																	457
Net gains (losses) on investments																																	(7)
Corporate expenses																																	(22)
Interest, fee and bond issue cost amortization expense																																	(37)
Other income (expense)																																	31
Income (loss) before taxes																																	$	832

(Some amounts may not reconcile due to rounding.)

									Three Months Ended March 31, 2023
(Dollars in millions)																					Reinsurance						Insurance						Total
Gross written premiums																					$	2,620					$	1,122					$	3,743
Net written premiums																					2,438						891						3,329
Premiums earned																					$	2,226					$	874					$	3,100
Incurred losses and LAE																					1,401						565						1,966
Commission and brokerage																					556						105						661
Other underwriting expenses																					63						137						200
Underwriting gain (loss)																					$	205					$	67					$	273
Net investment income																																	260
Net gains (losses) on investments																																	5
Corporate expenses																																	(19)
Interest, fee and bond issue cost amortization expense																																	(32)
Other income (expense)																																	(79)
Income (loss) before taxes																																	$	408

(Some amounts may not reconcile due to rounding.)

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration