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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Net earned premiums $ 1,580 $ 1,546
Net investment income 173 198
Realized gains on securities 3 14
Income of managed investment entities:    
Investment income 76 99
Gain (loss) on change in fair value of assets/liabilities (3) 10
Other income 27 39
Total revenues 1,856 1,906
Costs and Expenses:    
Losses and loss adjustment expenses 965 912
Commissions and other underwriting expenses 530 503
Interest charges on borrowed money 19 19
Expenses of managed investment entities 68 92
Other expenses 77 76
Total costs and expenses 1,659 1,602
Earnings before income taxes 197 304
Provision for income taxes 43 62
Net Earnings $ 154 $ 242
Earnings per Common Share:    
Total basic earnings (USD per share) $ 1.84 $ 2.89
Total diluted earnings (USD per share) $ 1.84 $ 2.89
Average number of Common Shares:    
Basic (shares) 83.8 83.7
Diluted (shares) 83.8 83.8