v3.25.2
Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net earned premiums $ 1,647 $ 1,585 $ 3,227 $ 3,131
Net investment income 184 188 357 386
Realized gains (losses) on securities 2 (2) 5 12
Income of managed investment entities:        
Investment income 68 98 144 197
Gain (loss) on change in fair value of assets/liabilities (4) 4 (7) 14
Other income 27 27 54 66
Total revenues 1,924 1,900 3,780 3,806
Costs and Expenses:        
Losses and loss adjustment expenses 1,007 937 1,972 1,849
Commissions and other underwriting expenses 534 506 1,064 1,009
Interest charges on borrowed money 19 19 38 38
Expenses of managed investment entities 60 90 128 182
Other expenses 75 77 152 153
Total costs and expenses 1,695 1,629 3,354 3,231
Earnings before income taxes 229 271 426 575
Provision for income taxes 55 62 98 124
Net Earnings $ 174 $ 209 $ 328 $ 451
Earnings per Common Share:        
Total basic earnings (USD per share) $ 2.07 $ 2.49 $ 3.92 $ 5.38
Total diluted earnings (USD per share) $ 2.07 $ 2.49 $ 3.92 $ 5.38
Average number of Common Shares:        
Basic (shares) 83.5 83.9 83.7 83.8
Diluted (shares) 83.5 83.9 83.7 83.9