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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES:    
Premiums earned $ 3,652 $ 3,100
Net investment income 457 260
Total net gains (losses) on investments (7) 5
Other income (expense) 31 (79)
Total revenues 4,133 3,286
CLAIMS AND EXPENSES:    
Incurred losses and loss adjustment expenses 2,237 1,966
Commission, brokerage, taxes and fees 782 661
Other underwriting expenses 224 200
Corporate expenses 22 19
Interest, fees and bond issue cost amortization expense 37 32
Total claims and expenses 3,302 2,878
INCOME (LOSS) BEFORE TAXES 832 408
Income tax expense (benefit) 99 43
NET INCOME (LOSS) 733 365
Other comprehensive income (loss), net of tax:    
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (158) 246
Reclassification adjustment for realized losses (gains) included in net income (loss) 5 3
Total URA(D) on securities arising during the period (153) 249
Foreign currency translation adjustments (38) 31
Reclassification adjustment for amortization of net (gain) loss included in net income (loss) 0 0
Total benefit plan net gain (loss) for the period 0 0
Total other comprehensive income (loss), net of tax (191) 280
COMPREHENSIVE INCOME (LOSS) $ 542 $ 645
EARNINGS PER COMMON SHARE:    
Basic (in dollars per share) $ 16.87 $ 9.31
Diluted (in dollars per share) $ 16.87 $ 9.31