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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

The following table shows information for the years indicated regarding the compensation of our named executive officers and certain metrics related to our performance.


Year⁽¹⁾			Summary Compensation Table Total for PEO			Compensation Actually Paid to PEO⁽²⁾			Average Summary Compensation Table Total for non-PEO Named Executive Officers			Average Compensation Actually Paid to non-PEO Named Executive Officers⁽²⁾			Value of Initial Fixed $100 Investment Based On:						Net Income (millions)			Performance- Based Income (millions)⁽⁵⁾
Year⁽¹⁾			Summary Compensation Table Total for PEO			Compensation Actually Paid to PEO⁽²⁾									Total Shareholder Return⁽³⁾			Peer Group Total Shareholder Return⁽⁴⁾			Net Income (millions)			Performance- Based Income (millions)⁽⁵⁾
2024			$7,069,657			$7,651,106			$5,008,546			$5,433,725			$196.96			$239.21			$1,414			$1,865
2023			6,918,337			7,276,014			4,804,732			5,086,696			153.46			154.87			1,434			1,601
2022			6,439,183			6,487,578			4,516,160			4,506,675			123.10			146.31			822			1,159
2021			6,119,523			6,727,729			5,413,003			5,925,474			121.37			119.40			1,562			1,211
2020			6,966,163			5,478,288			5,744,315			4,951,701			86.31			86.28			(931)			836

(1)

Reported compensation amounts for 2024 and 2023 are based on James S. Tisch as the principal executive officer (“PEO”) and Jane J. Wang, Jonathan M. Tisch, Kenneth I. Siegel and Richard W. Scott as the non-PEO name executive officers (“non-PEO NEOs”). Reported compensation amounts for 2022 are based on James S. Tisch as the PEO and David B. Edelson, Jane J. Wang, Jonathan M. Tisch, Kenneth I. Siegel and Richard W. Scott as the non-PEO NEOs. Reported compensation amounts for 2021 and 2020 are based on James S. Tisch as the PEO and David B. Edelson, Andrew H. Tisch, Jonathan M. Tisch and Kenneth I. Siegel as the non-PEO NEOs.

(2)	“Compensation actually paid” is the total Summary Compensation Table compensation, adjusted in accordance with applicable SEC rules as set forth in the following table. The amounts set forth for the non-PEO NEOs are averages of the adjustments.


Adjustment			PEO						Non-PEO NEOs
Deduction of the aggregate change in the actuarial present value of the named executive officer’s accumulated benefit under all defined benefit and actuarial pension plans reported in the Summary Compensation Table			2024			$0			2024			$(54,984)
			2023			(153,220)			2023			(116,857)
			2022			0			2022			(46,198)
			2021			0			2021			(31,535)
			2020			(1,169,051)			2020			(507,447)
Deduction of the amounts reported in the Summary Compensation Table in respect of all stock awards			2024			(1,000,000)			2024			(850,000)
			2023			(1,000,000)			2023			(850,000)
			2022			(1,000,000)			2022			(700,000)
			2021			(900,000)			2021			(805,000)
			2020			(900,000)			2020			(805,000)
Addition of the fair value as of the end of the year of all stock awards granted during the year that were outstanding and unvested as of the end of the year			2024			1,159,322			2024			985,411
			2023			1,149,349			2023			976,957
			2022			959,353			2022			671,518
			2021			1,108,068			2021			991,104
			2020			763,674			2020			683,065
Addition of the change as of the end of the year (from the end of the prior year) in fair value (whether positive or negative) of stock awards granted in any prior year that were outstanding and unvested as of the end of the year			2024			373,574			2024			308,225
			2023			293,199			2023			222,123
			2022			15,770			2022			9,181
			2021			335,839			2021			216,430
			2020			(211,423)			2020			(189,103)
Addition of the change as of the vesting date (from the end of the prior year) in fair value (whether positive or negative) of any stock awards granted in any prior year for which all applicable vesting conditions were satisfied as of the end of or during the year			2024			48,553			2024			36,527
			2023			68,349			2023			49,741
			2022			73,272			2022			56,014
			2021			64,299			2021			141,472
			2020			28,925			2020			25,871

(3)	Total shareholder return (“TSR”) is calculated in accordance with applicable SEC rules. For calculation purposes, the measurement period is the period from the market close on the last trading day before 2020 through and including the end of 2024.

(4)

This column represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. For all years presented in the table, the peer group consists of the following companies: Berry Global, Inc., Chubb Limited, Diamond Rock Hospitality Company, Enbridge Inc., Energy Transfer LP, Kinder Morgan, Inc., Ryman Hospitality Properties, Inc., Silgan Holdings Inc., Sunstone Hotel Investors, Inc., The Hartford Financial Services Group, Inc., The Travelers Companies, Inc., W.R. Berkley Corporation and Xenia Hotels & Resorts, Inc.

(5)

Performance-based income is defined in our Incentive Compensation Plan as our consolidated net income as adjusted by the Compensation Committee under the terms of our Incentive Compensation Plan. More information about performance-based income, including a description of the adjustments to net income made by the Compensation Committee to determine performance-based income, is provided under “Compensation Program Structure and Process” beginning on page 26.

Company Selected Measure Name

Performance-based income

Named Executive Officers, Footnote

(1)

Reported compensation amounts for 2024 and 2023 are based on James S. Tisch as the principal executive officer (“PEO”) and Jane J. Wang, Jonathan M. Tisch, Kenneth I. Siegel and Richard W. Scott as the non-PEO name executive officers (“non-PEO NEOs”). Reported compensation amounts for 2022 are based on James S. Tisch as the PEO and David B. Edelson, Jane J. Wang, Jonathan M. Tisch, Kenneth I. Siegel and Richard W. Scott as the non-PEO NEOs. Reported compensation amounts for 2021 and 2020 are based on James S. Tisch as the PEO and David B. Edelson, Andrew H. Tisch, Jonathan M. Tisch and Kenneth I. Siegel as the non-PEO NEOs.

Peer Group Issuers, Footnote

(4)

This column represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. For all years presented in the table, the peer group consists of the following companies: Berry Global, Inc., Chubb Limited, Diamond Rock Hospitality Company, Enbridge Inc., Energy Transfer LP, Kinder Morgan, Inc., Ryman Hospitality Properties, Inc., Silgan Holdings Inc., Sunstone Hotel Investors, Inc., The Hartford Financial Services Group, Inc., The Travelers Companies, Inc., W.R. Berkley Corporation and Xenia Hotels & Resorts, Inc.

PEO Total Compensation Amount

$ 7,069,657

$ 6,918,337

$ 6,439,183

$ 6,119,523

$ 6,966,163

PEO Actually Paid Compensation Amount

$ 7,651,106

7,276,014

6,487,578

6,727,729

5,478,288

Adjustment To PEO Compensation, Footnote

(2)	“Compensation actually paid” is the total Summary Compensation Table compensation, adjusted in accordance with applicable SEC rules as set forth in the following table. The amounts set forth for the non-PEO NEOs are averages of the adjustments.


Adjustment			PEO						Non-PEO NEOs
Deduction of the aggregate change in the actuarial present value of the named executive officer’s accumulated benefit under all defined benefit and actuarial pension plans reported in the Summary Compensation Table			2024			$0			2024			$(54,984)
			2023			(153,220)			2023			(116,857)
			2022			0			2022			(46,198)
			2021			0			2021			(31,535)
			2020			(1,169,051)			2020			(507,447)
Deduction of the amounts reported in the Summary Compensation Table in respect of all stock awards			2024			(1,000,000)			2024			(850,000)
			2023			(1,000,000)			2023			(850,000)
			2022			(1,000,000)			2022			(700,000)
			2021			(900,000)			2021			(805,000)
			2020			(900,000)			2020			(805,000)
Addition of the fair value as of the end of the year of all stock awards granted during the year that were outstanding and unvested as of the end of the year			2024			1,159,322			2024			985,411
			2023			1,149,349			2023			976,957
			2022			959,353			2022			671,518
			2021			1,108,068			2021			991,104
			2020			763,674			2020			683,065
Addition of the change as of the end of the year (from the end of the prior year) in fair value (whether positive or negative) of stock awards granted in any prior year that were outstanding and unvested as of the end of the year			2024			373,574			2024			308,225
			2023			293,199			2023			222,123
			2022			15,770			2022			9,181
			2021			335,839			2021			216,430
			2020			(211,423)			2020			(189,103)
Addition of the change as of the vesting date (from the end of the prior year) in fair value (whether positive or negative) of any stock awards granted in any prior year for which all applicable vesting conditions were satisfied as of the end of or during the year			2024			48,553			2024			36,527
			2023			68,349			2023			49,741
			2022			73,272			2022			56,014
			2021			64,299			2021			141,472
			2020			28,925			2020			25,871

Non-PEO NEO Average Total Compensation Amount

$ 5,008,546

4,804,732

4,516,160

5,413,003

5,744,315

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,433,725

5,086,696

4,506,675

5,925,474

4,951,701

Adjustment to Non-PEO NEO Compensation Footnote

(2)	“Compensation actually paid” is the total Summary Compensation Table compensation, adjusted in accordance with applicable SEC rules as set forth in the following table. The amounts set forth for the non-PEO NEOs are averages of the adjustments.


Adjustment			PEO						Non-PEO NEOs
Deduction of the aggregate change in the actuarial present value of the named executive officer’s accumulated benefit under all defined benefit and actuarial pension plans reported in the Summary Compensation Table			2024			$0			2024			$(54,984)
			2023			(153,220)			2023			(116,857)
			2022			0			2022			(46,198)
			2021			0			2021			(31,535)
			2020			(1,169,051)			2020			(507,447)
Deduction of the amounts reported in the Summary Compensation Table in respect of all stock awards			2024			(1,000,000)			2024			(850,000)
			2023			(1,000,000)			2023			(850,000)
			2022			(1,000,000)			2022			(700,000)
			2021			(900,000)			2021			(805,000)
			2020			(900,000)			2020			(805,000)
Addition of the fair value as of the end of the year of all stock awards granted during the year that were outstanding and unvested as of the end of the year			2024			1,159,322			2024			985,411
			2023			1,149,349			2023			976,957
			2022			959,353			2022			671,518
			2021			1,108,068			2021			991,104
			2020			763,674			2020			683,065
Addition of the change as of the end of the year (from the end of the prior year) in fair value (whether positive or negative) of stock awards granted in any prior year that were outstanding and unvested as of the end of the year			2024			373,574			2024			308,225
			2023			293,199			2023			222,123
			2022			15,770			2022			9,181
			2021			335,839			2021			216,430
			2020			(211,423)			2020			(189,103)
Addition of the change as of the vesting date (from the end of the prior year) in fair value (whether positive or negative) of any stock awards granted in any prior year for which all applicable vesting conditions were satisfied as of the end of or during the year			2024			48,553			2024			36,527
			2023			68,349			2023			49,741
			2022			73,272			2022			56,014
			2021			64,299			2021			141,472
			2020			28,925			2020			25,871

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

The following table shows the financial performance measures we use to link compensation actually paid to our named executive officers to our performance.


				Financial Performance Measures
				Performance-Based Income
				Performance-Based Income per Share

Total Shareholder Return Amount

$ 196.96

153.46

123.1

121.37

86.31

Peer Group Total Shareholder Return Amount

239.21

154.87

146.31

119.4

86.28

Net Income (Loss)

$ 1,414,000,000

$ 1,434,000,000

$ 822,000,000

$ 1,562,000,000

$ (931,000,000)

Company Selected Measure Amount

1,865,000,000

1,601,000,000

1,159,000,000

1,211,000,000

836,000,000

James S. Tisch

James S. Tisch

James S. Tisch

James S. Tisch

James S. Tisch

Pay vs Performance Disclosure

Performance-Based Income

Pay vs Performance Disclosure

Performance-Based Income per Share

PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ (153,220)

$ 0

$ 0

$ (1,169,051)

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,000,000)

(1,000,000)

(1,000,000)

(900,000)

(900,000)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,159,322

1,149,349

959,353

1,108,068

763,674

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

373,574

293,199

15,770

335,839

(211,423)

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

48,553

68,349

73,272

64,299

28,925

Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(54,984)

(116,857)

(46,198)

(31,535)

(507,447)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(850,000)

(850,000)

(700,000)

(805,000)

(805,000)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

985,411

976,957

671,518

991,104

683,065

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

308,225

222,123

9,181

216,430

(189,103)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 36,527

$ 49,741

$ 56,014

$ 141,472

$ 25,871