v3.26.1
Basis of Reporting and Accounting (Tables)
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Premium Receivable, Allowance for Credit Loss
The following table summarizes changes in our allowance for credit loss exposure on our premiums receivable:
Three Months Ended March 31,
(millions)20262025
Allowance for credit losses, beginning of period$552 $460 
Increase in allowance1
183 153 
Write-offs2
(207)(140)
Allowance for credit losses, end of period$528 $473 
1 Represents the incremental increase in other underwriting expenses.
2 Represents the portion of allowance that is reversed when the premiums receivable balances are written off. Premiums receivable balances are written off once we have exhausted our collection efforts.
Schedule of Supplemental Cash Flow Information, Non Cash Activity
Non-cash activity included the following in the respective periods:
Three Months Ended March 31,
(millions)20262025
Common share dividends1
$58 $59 
Operating lease liabilities2
23 40 
1 Declared but unpaid. See Note 10 – Dividends for further discussion.
2 From obtaining right-of-use assets.
Supplemental Cash Flow Information Table
In the respective periods, we paid the following: 
 Three Months Ended March 31,
(millions)20262025
Income taxes, net of refunds$(85)$
Interest88 88 
Operating lease liabilities26 22