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Statutory Information (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Statutory Information [Abstract]

Summary of statutory capital, surplus and net income

The actual and required statutory capital and surplus for the Company’s principal operating subsidiaries at December 31, 2024 and 2023:


	December 31,
	2024		2023
Actual capital and surplus (1):
Bermuda	$	28,422	$	24,120
Ireland	1,476		1,148
United States	7,547		6,897
United Kingdom	1,585		1,367
Canada	83		83
Australia	377		366

Required capital and surplus:
Bermuda	$	8,344	$	7,112
Ireland	1,142		942
United States	2,152		1,895
United Kingdom	1,302		1,192
Canada	57		53
Australia	143		179

(1)Such amounts include ownership interests in affiliated insurance and reinsurance subsidiaries.

The statutory net income (loss) for the Company’s principal operating subsidiaries for 2024, 2023 and 2022 was as follows:


	Year Ended December 31,
	2024		2023		2022
Statutory net income (loss):
Bermuda	$	4,750	$	3,519	$	1,730
Ireland	62		53		(53)
United States	918		592		220
United Kingdom	41		72		57
Canada	6		6		9
Australia	54		68		39

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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