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SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT - CONDENSED BALANCE SHEETS (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
ASSETS:      
Other invested assets (cost: 2024, $63; 2023, $38) $ 5,392 $ 4,794  
Short-term investments 4,707 2,127  
Cash 1,549 1,437  
Accrued investment income 368 324  
Other assets 1,171 941  
TOTAL ASSETS 56,341 49,399  
LIABILITIES:      
Other liabilities 590 582  
TOTAL LIABILITIES 42,466 36,197  
SHAREHOLDERS' EQUITY:      
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding 0 0  
Common shares, par value: $0.01; 200.0 shares authorized; (2024) 74.3 and (2023) 74.2 outstanding before treasury shares 1 1  
Additional paid-in capital 3,812 3,773  
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of ($177) at 2024 and $(99) at 2023 (1,138) (934)  
Treasury shares, at cost; 31.3 shares (2024) and 30.8 shares (2023) (4,108) (3,908)  
Retained earnings 15,309 14,270  
Total shareholders' equity 13,875 13,202 $ 8,441
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 56,341 49,399  
Parent Company      
ASSETS:      
Other invested assets (cost: 2024, $63; 2023, $38) 63 38  
Short-term investments 8 0  
Cash 5 9  
Investment in subsidiaries, at equity in the underlying net assets 15,329 14,832  
Long-term notes receivable, affiliated 600 50  
Accrued investment income 0 2  
Receivable from subsidiaries 17 13  
Other assets 37 46  
TOTAL ASSETS 16,059 14,989  
LIABILITIES:      
Long-term notes payable, affiliated 2,173 1,773  
Due to subsidiaries 9 8  
Other liabilities 2 6  
TOTAL LIABILITIES 2,184 1,787  
SHAREHOLDERS' EQUITY:      
Preferred shares, par value: $0.01; 50.0 shares authorized; no shares issued and outstanding 0 0  
Common shares, par value: $0.01; 200.0 shares authorized; (2024) 74.3 and (2023) 74.2 outstanding before treasury shares 1 1  
Additional paid-in capital 3,812 3,773  
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of ($177) at 2024 and $(99) at 2023 (1,138) (934)  
Treasury shares, at cost; 31.3 shares (2024) and 30.8 shares (2023) (4,108) (3,908)  
Retained earnings 15,309 14,270  
Total shareholders' equity 13,875 13,202  
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 16,059 $ 14,989