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Schedule V
12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule V
Valuation and Qualifying Accounts

Schedule V
For the years ended December 31, 2024, 2023, and 2022
(in millions)
Balance,
Beginning
of year
Charged to
Costs and
Expenses
Write
Offs
Other
Changes(a)
Balance,
End of year
2024
Allowance for premiums and insurances balances receivable
$138 $1 $(12)$ $127 
Federal and foreign valuation allowance for deferred tax assets
1,745 (31) (64)1,650 
2023
Allowance for premiums and insurances balances receivable
$168 $(7)$(28)$$138 
Federal and foreign valuation allowance for deferred tax assets
2,594 (365)— (484)1,745 
2022
Allowance for premiums and insurances balances receivable
$184 $— $(15)$(1)$168 
Federal and foreign valuation allowance for deferred tax assets
1,890 (174)— 878 2,594 
(a)Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.