XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Property and casualty insurance net earned premiums $ 2,055 $ 1,855 $ 5,186 $ 4,799
Net investment income 200 168 586 583
Securities (2) (19) 10 (67)
Subsidiary 0 (4) 0 (4)
Income of managed investment entities:        
Investment income 99 105 296 321
Gain (loss) on change in fair value of assets/liabilities (9) 16 5 12
Other income 26 43 92 100
Total revenues 2,369 2,164 6,175 5,744
Property and casualty insurance:        
Commissions and other underwriting expenses 518 497 1,527 1,455
Interest charges on borrowed money 19 19 57 57
Expenses of managed investment entities 85 105 267 303
Other expenses 88 85 241 227
Total costs and expenses 2,140 1,945 5,371 5,006
Earnings before income taxes 229 219 804 738
Provision for income taxes 48 42 172 149
Net Earnings $ 181 $ 177 $ 632 $ 589
Earnings per Common Share:        
Total basic earnings (USD per share) $ 2.16 $ 2.10 $ 7.54 $ 6.93
Total diluted earnings (USD per share) $ 2.16 $ 2.09 $ 7.54 $ 6.93
Average number of Common Shares:        
Basic (shares) 83.9 84.6 83.8 85.0
Diluted (shares) 83.9 84.7 83.9 85.1
Property and casualty insurance        
Property and casualty insurance:        
Losses and loss adjustment expenses $ 1,430 $ 1,239 $ 3,279 $ 2,964