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Property and Casualty Insurance Reserves (Tables)

9 Months Ended

Sep. 30, 2025

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Liability for Unpaid Claims Adjustment Expense by Expense Type

Property and Casualty Insurance Reserve activity for the nine months ended September 30, 2025 and 2024 was:

						Nine Months Ended
(Dollars in Millions)						Sep 30, 2025						Sep 30, 2024
Property and Casualty Insurance Reserves:
Gross of Reinsurance at Beginning of Year						$	2,611.9					$	2,680.5
Less: Reinsurance Recoverables at Beginning of Year						24.3						27.8
Property and Casualty Insurance Reserves, Net of Reinsurance at Beginning of Year						2,587.6						2,652.7
Incurred Losses and LAE related to:
Current Year						2,242.2						2,053.0
Prior Years						66.2						27.4
Total Incurred Losses and LAE						2,308.4						2,080.4
Paid Losses and LAE related to:
Current Year						945.0						945.0
Prior Years						1,167.7						1,227.6
Total Paid Losses and LAE						2,112.7						2,172.6
Property and Casualty Insurance Reserves, Net of Reinsurance at End of Period						2,783.3						2,560.5
Plus: Reinsurance Recoverables at End of Period						22.7						26.4
Property and Casualty Insurance Reserves, Gross of Reinsurance at End of Period						$	2,806.0					$	2,586.9

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- References

No definition available.

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- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-3

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