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Consolidated Statement of Earnings - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Net earned premiums $ 7,046 $ 7,036 $ 6,531
Net investment income 745 780 742
Realized gains (losses) on:      
Securities 10 0 (36)
Subsidiaries 1 0 (4)
Income of managed investment entities:      
Investment income 283 380 421
Gain (loss) on change in fair value of assets/liabilities (26) 4 27
Other income 115 124 146
Total revenues 8,174 8,324 7,827
Costs and Expenses:      
Losses and loss adjustment expenses 4,388 4,460 4,033
Commissions and other underwriting expenses 2,059 2,007 1,935
Interest charges on borrowed money 80 76 76
Expenses of managed investment entities 241 338 405
Other expenses 333 319 305
Total costs and expenses 7,101 7,200 6,754
Earnings before income taxes 1,073 1,124 1,073
Provision for income taxes 231 237 221
Net Earnings $ 842 $ 887 $ 852
Earnings per Common Share:      
Basic (USD per share) $ 10.08 $ 10.57 $ 10.06
Diluted (USD per share) $ 10.08 $ 10.57 $ 10.05
Average number of Common Shares:      
Basic (shares) 83.5 83.9 84.7
Diluted (shares) 83.5 83.9 84.8