v3.25.2
Property Casualty Loss and Loss Expenses (Tables)
 6 Months Ended
Jun. 30, 2025
Premiums Written, Net [Abstract]  
Consolidated Property Casualty Loss And Loss Expense Reserves
This table summarizes activity for our consolidated property casualty loss and loss expense reserves:
(Dollars in millions)Three months ended June 30,Six months ended June 30,
2025202420252024
Gross loss and loss expense reserves, beginning of period$10,707 $9,178 $9,937 $8,975 
Less reinsurance recoverable551 332 269 362 
Net loss and loss expense reserves, beginning of period10,156 8,846 9,668 8,613 
Net incurred loss and loss expenses related to:    
Current accident year1,650 1,452 3,628 2,822 
Prior accident years(63)(40)(154)(140)
Total incurred1,587 1,412 3,474 2,682 
Net paid loss and loss expenses related to:    
Current accident year591 483 1,184 688 
Prior accident years655 584 1,461 1,416 
Total paid1,246 1,067 2,645 2,104 
Net loss and loss expense reserves, end of period10,497 9,191 10,497 9,191 
Plus reinsurance recoverable504 303 504 303 
Gross loss and loss expense reserves, end of period$11,001 $9,494 $11,001 $9,494