v3.25.1
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Investments, available-for-sale, at fair value, amortized cost $ 5,631 $ 5,280
Equities, at cost 725 680
Other investments, at fair value [1] 4,206 4,188
Cash and cash equivalents [1] 1,170 1,098
Reinsurance balances recoverable on paid and unpaid losses, allowance for credit loss 115 116
Insurance balance recoverable, allowance for credit loss 4 4
LIABILITIES    
Other liabilities [1] $ 569 $ 528
SHAREHOLDERS’ EQUITY    
Ordinary shares outstanding (in shares) 14,909,718 15,241,316
Treasury shares, voting ordinary shares, held in trust (in shares)   565,630
Primary Beneficiary    
ASSETS    
Other investments, at fair value $ 120 $ 112
Cash and cash equivalents 1 5
LIABILITIES    
Other liabilities $ 2 $ 2
Voting Ordinary Shares    
SHAREHOLDERS’ EQUITY    
Common shares, par value (in dollars per share) $ 1 $ 1
Ordinary shares issued (in shares) 14,909,718 15,241,316
Ordinary shares outstanding (in shares) 14,909,718 15,241,316
Series C Preferred Shares    
SHAREHOLDERS’ EQUITY    
Preferred shares issued (in shares) 388,571 388,571
Preferred shares held in treasury (in shares) 388,571 388,571
Series D Preferred Shares    
SHAREHOLDERS’ EQUITY    
Preferred shares issued (in shares) 16,000 16,000
Preferred shares outstanding (in shares) 16,000 16,000
Liquidation preference $ 400 $ 400
Series E Preferred Shares    
SHAREHOLDERS’ EQUITY    
Preferred shares issued (in shares) 4,400 4,400
Preferred shares outstanding (in shares) 4,400 4,400
Liquidation preference $ 110 $ 110
Fixed maturity investments    
ASSETS    
Investments, available-for-sale, at fair value, amortized cost 5,231 5,065
Short-term Investments    
ASSETS    
Investments, available-for-sale, at fair value, amortized cost $ 400 $ 215
[1] See Note 17 for additional information regarding related party transactions.