XML 134 R30.htm IDEA: XBRL DOCUMENT v3.25.2

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Underwriting Results for Segments

The following tables present segment underwriting results for the periods indicated:

			Three Months Ended June 30, 2025																								Six Months Ended June 30, 2025
(Dollars in millions)			Reinsurance						Insurance						Other						Total						Reinsurance						Insurance						Other						Total
Gross written premiums			$	3,243					$	1,414					$	22					$	4,680					$	6,463					$	2,559					$	50					$	9,071
Net written premiums			3,077						1,022						20						4,119						5,888						1,919						47						7,853
Premiums earned			$	3,037					$	920					$	35					$	3,991					$	5,942					$	1,833					$	67					$	7,843
Incurred losses and LAE			1,772						643						58						2,472						3,995						1,284						87						5,366
Commission and brokerage			753						121						7						880						1,460						233						11						1,704
Other underwriting expenses			76						174						3						254						147						339						6						492
Underwriting gain (loss)			$	436					$	(18)					$	(33)					$	385					$	340					$	(23)					$	(36)					$	281
Net investment income																					532																								1,023
Net gains (losses) on investments																					(5)																								(12)
Corporate expenses																					(31)																								(52)
Interest, fee and bond issue cost amortization expense																					(38)																								(76)
Other income (expense)																					(27)																								(100)
Income (loss) before taxes																					$	815																							$	1,064

(Some amounts may not reconcile due to rounding.)

			Three Months Ended June 30, 2024																								Six Months Ended June 30, 2024
(Dollars in millions)			Reinsurance						Insurance						Other						Total						Reinsurance						Insurance						Other						Total
Gross written premiums			$	3,209					$	1,459					$	57					$	4,725					$	6,385					$	2,618					$	133					$	9,136
Net written premiums			3,033						1,009						42						4,084						5,975						1,905						103						7,984
Premiums earned			$	2,731					$	910					$	52					$	3,693					$	5,459					$	1,781					$	104					$	7,345
Incurred losses and LAE			1,684						588						39						2,311						3,324						1,139						85						4,548
Commission and brokerage			672						111						7						790						1,343						215						13						1,571
Other underwriting expenses			72						154						8						234						142						300						16						458
Underwriting gain (loss)			$	303					$	56					$	(2)					$	358					$	650					$	127					$	(10)					$	767
Net investment income																					528																								985
Net gains (losses) on investments																					(17)																								(24)
Corporate expenses																					(22)																								(44)
Interest, fee and bond issue cost amortization expense																					(37)																								(75)
Other income (expense)																					23																								54
Income (loss) before taxes																					$	832																							$	1,664

(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