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Acquisitions - Summary of allocation of purchase price (Details) - US MidCorp and Entertainment
$ in Millions
Aug. 01, 2024
USD ($)
Purchase price  
Business acquisition, cash paid $ 450
Assets Acquired  
Cash and investments, at fair value 2,332
Premiums receivable 290
Other assets acquired 158
Total assets acquired 3,341
Liabilities Acquired  
Reserves for losses and loss adjustment expenses 2,404
Unearned premiums 632
Other liabilities acquired 121
Total liabilities acquired 3,157
Net assets acquired 184
Goodwill 266
Deferred tax asset, goodwill and intangibles 568
Net deferred tax asset, loss reserves and unearned premium 23
Reserves For Losses And Loss Adjustment Expenses  
Liabilities Acquired  
Loss reserves, fair value adjustment 128
Distribution relationships  
Assets Acquired  
Intangible assets $ 220
Useful life 10 years
Value of business acquired  
Assets Acquired  
Intangible assets $ 163
Other intangible assets  
Assets Acquired  
Intangible assets $ 178 [1]
Minimum | Value of business acquired  
Assets Acquired  
Useful life 1 year
Minimum | Other intangible assets  
Assets Acquired  
Useful life 5 years
Maximum | Value of business acquired  
Assets Acquired  
Useful life 2 years
Maximum | Other intangible assets  
Assets Acquired  
Useful life 7 years
[1] Includes $128 million related to the net fair value adjustment to reserves for loss and loss adjustment expenses on August 1, 2024.