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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2025
Reinsurance Disclosures [Abstract]  
Components of Reinsurance Receivables
The following table presents the amounts receivable from reinsurers.
December 31
(In millions)20252024
Reinsurance receivables related to insurance reserves:
Ceded claim and claim adjustment expenses$5,982 $5,713 
Reinsurance receivables related to paid losses426 359 
Reinsurance receivables6,408 6,072 
Allowance for uncollectible reinsurance(27)(21)
Reinsurance receivables, net of allowance for uncollectible reinsurance$6,381 $6,051 
Reinsurance Recoverable, Credit Quality Indicator The following table summarizes the outstanding amount of voluntary reinsurance receivables, gross of any collateral arrangements, by financial strength rating.
(In millions)December 31, 2025
A- to A++$4,864 
B- to B++967 
Insolvent9 
Total voluntary reinsurance outstanding balance (1)
$5,840 
(1)    Expected credit losses for legacy A&EP receivables are ceded to NICO and the reinsurance limit on the LPT has not been exhausted, therefore no allowance is recorded for these receivables and they are excluded from the table above. Refer to Note E to the Consolidated Financial Statements for information regarding the LPT. The Company has also excluded receivables from involuntary pools.
Components of Earned and Written Premiums
The effects of reinsurance on earned premiums and written premiums are presented in the following tables.
(In millions)DirectAssumedCededNetAssumed/
Net %
2025 Earned Premiums
Property and casualty$14,974 $253 $4,750 $10,477 2.4 %
Long-term care383 40 — 423 9.5 %
Total earned premiums$15,357 $293 $4,750 $10,900 2.7 %
2024 Earned Premiums
Property and casualty$14,629 $252 $5,107 $9,774 2.6 %
Long-term care396 41 — 437 9.4 %
Total earned premiums$15,025 $293 $5,107 $10,211 2.9 %
2023 Earned Premiums
Property and casualty$13,908 $223 $5,102 $9,029 2.5 %
Long-term care407 44 — 451 9.8 %
Total earned premiums$14,315 $267 $5,102 $9,480 2.8 %
(In millions)DirectAssumedCededNetAssumed/
Net %
2025 Written Premiums
Property and casualty$15,303 $247 $4,868 $10,682 2.3 %
Long-term care379 40 — 419 9.5 %
Total written premiums$15,682 $287 $4,868 $11,101 2.6 %
2024 Written Premiums
Property and casualty$15,120 $257 $5,202 $10,175 2.5 %
Long-term care389 41 — 430 9.5 %
Total written premiums$15,509 $298 $5,202 $10,605 2.8 %
2023 Written Premiums
Property and casualty$14,498 $219 $5,272 $9,445 2.3 %
Long-term care404 43 — 447 9.6 %
Total written premiums$14,902 $262 $5,272 $9,892 2.6 %