| Property Casualty Insurance Assumed And Ceded Business |
The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Three months ended June 30, | | Six months ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Direct written premiums | | $ | 2,672 | | | $ | 2,362 | | | $ | 5,060 | | | $ | 4,487 | | | Assumed written premiums | | 196 | | | 236 | | | 499 | | | 475 | | | Ceded written premiums | | (135) | | | (139) | | | (331) | | | (255) | | | Net written premiums | | $ | 2,733 | | | $ | 2,459 | | | $ | 5,228 | | | $ | 4,707 | | | | | | | | | | | | Direct earned premiums | | $ | 2,333 | | | $ | 2,015 | | | $ | 4,580 | | | $ | 3,949 | | | Assumed earned premiums | | 162 | | | 155 | | | 352 | | | 307 | | | Ceded earned premiums | | (98) | | | (95) | | | (271) | | | (189) | | | Earned premiums | | $ | 2,397 | | | $ | 2,075 | | | $ | 4,661 | | | $ | 4,067 | | | | | | | | | | | | Direct incurred loss and loss expenses | | $ | 1,508 | | | $ | 1,352 | | | $ | 3,657 | | | $ | 2,545 | | | Assumed incurred loss and loss expenses | | 91 | | | 63 | | | 327 | | | 139 | | | Ceded incurred loss and loss expenses | | (12) | | | (3) | | | (510) | | | (2) | | | Incurred loss and loss expenses | | $ | 1,587 | | | $ | 1,412 | | | $ | 3,474 | | | $ | 2,682 | | | | | | | | | | |
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| Life Insurance Assumed and Ceded Business |
The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Three months ended June 30, | | Six months ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Direct earned premiums | | $ | 104 | | | $ | 101 | | | $ | 203 | | | $ | 200 | | | | | | | | | | | | Ceded earned premiums | | (21) | | | (20) | | | (40) | | | (40) | | | Earned premiums | | $ | 83 | | | $ | 81 | | | $ | 163 | | | $ | 160 | | | | | | | | | | | | Direct contract holders' benefits incurred | | $ | 104 | | | $ | 76 | | | $ | 198 | | | $ | 170 | | | | | | | | | | | | Ceded contract holders' benefits incurred | | (31) | | | (8) | | | (44) | | | (23) | | | Contract holders' benefits incurred | | $ | 73 | | | $ | 68 | | | $ | 154 | | | $ | 147 | | | | | | | | | | |
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