v3.26.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Net premiums earned $ 20,968 $ 19,409
Investment income 917 814
Net realized gains (losses) on securities:    
Net realized gains (losses) on security sales 96 1
Net holding period gains (losses) on securities (216) (213)
Total net realized gains (losses) on securities (120) (212)
Fees and other revenues 297 287
Service revenues 126 111
Total revenues 22,188 20,409
Expenses    
Losses and loss adjustment expenses 13,827 12,804
Policy acquisition costs 1,538 1,456
Other underwriting expenses 3,048 2,719
Investment expenses 8 7
Service expenses 131 117
Interest expense 70 70
Total expenses 18,622 17,173
Net Income    
Income before income taxes 3,566 3,236
Provision for income taxes 748 669
Net income 2,818 2,567
Other Comprehensive Income (Loss)    
Change in total net unrealized gains (losses) on fixed-maturity securities (574) 899
Comprehensive income (loss) $ 2,244 $ 3,466
Computation of Earnings Per Common Share    
Average common shares outstanding - Basic (in shares) 585.6 586.0
Net effect of dilutive stock-based compensation (in shares) 1.3 1.7
Total average equivalent common shares - Diluted (in shares) 586.9 587.7
Basic: Earnings per common shares (in dollars per share) $ 4.81 $ 4.38
Diluted: Earnings per common share (in dollars per share) $ 4.80 $ 4.37