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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Property and casualty insurance net earned premiums $ 1,437 $ 1,302
Net investment income 217 230
Realized gains (losses) on:    
Realized gains (losses) on securities (46) (15)
Income of managed investment entities:    
Investment income 104 46
Gain (loss) on change in fair value of assets/liabilities (4) (5)
Other income 32 30
Total revenues 1,740 1,588
Property and casualty insurance:    
Losses and loss adjustment expenses 820 693
Commissions and other underwriting expenses 473 414
Interest charges on borrowed money 19 23
Expenses of managed investment entities 95 39
Other expenses 69 58
Total costs and expenses 1,476 1,227
Earnings before income taxes 264 361
Provision for income taxes 52 71
Net Earnings $ 212 $ 290
Earnings per Common Share:    
Basic (USD per share) $ 2.49 $ 3.41
Diluted (USD per share) $ 2.49 $ 3.40
Average number of Common Shares:    
Basic (shares) 85.2 85.0
Diluted (shares) 85.4 85.2