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Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 2025
Text Block [Abstract]  
Summary of Nonconsolidated VIEs Assets and Liabilities

September 30, 2025

Carrying Value of Assets

Carrying Value of Liabilities

In millions

Maximum

Exposure

to Loss

 

Investments

 

Premiums

Receivable

 

Insurance Loss

Recoverable

 

Unearned

Premium

Revenue

 

Loss and Loss

Adjustment

Expense

Reserves

 

Insurance:

Global structured finance:

Mortgage-backed residential

$

743

$

29

$

4

$

21

$

3

$

233

Consumer asset-backed

64

-

-

-

-

1

Corporate asset-backed

219

-

1

-

2

-

Total global structured finance

1,026

29

5

21

5

234

Global public finance

192

-

3

-

2

-

Total insurance

$

1,218

$

29

$

8

$

21

$

7

$

234

 

 

December 31, 2024

 

 

 

 

Carrying Value of Assets

 

Carrying Value of Liabilities

In millions

 

Maximum

Exposure

to Loss

 

 

Investments

 

 

Premiums

Receivable

 

 

Insurance Loss

Recoverable

 

 

Unearned

Premium

Revenue

 

 

Loss and Loss

Adjustment

Expense

Reserves

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global structured finance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed residential

 

$

785

 

 

$

26

 

 

$

5

 

 

$

21

 

 

$

3

 

 

$

224

 

Consumer asset-backed

 

 

86

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3

 

Corporate asset-backed

 

 

358

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

2

 

 

 

-

 

Total global structured finance

 

 

1,229

 

 

 

26

 

 

 

7

 

 

 

21

 

 

 

5

 

 

 

227

 

Global public finance

 

 

196

 

 

 

-

 

 

 

3

 

 

 

-

 

 

 

3

 

 

 

-

 

Total insurance

 

$

1,425

 

 

$

26

 

 

$

10

 

 

$

21

 

 

$

8

 

 

$

227