v3.26.1
RESERVE FOR LOSSES AND LAE - Schedule of Activity in the Reserve for Losses and LAE (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Gross reserves beginning of period $ 34,312 $ 29,889    
Less reinsurance recoverables on unpaid losses (3,545) (3,175) $ (3,715) $ (2,915)
Net reserves beginning of period 30,597 26,975    
Incurred related to:        
Current year 2,250 2,893    
Prior years (33) 0    
Prior years, impact from retroactive reinsurance 0 0    
Total incurred losses and LAE 2,217 2,893    
Paid related to:        
Current year 297 410    
Prior years 1,268 1,346    
Total paid losses and LAE 1,565 1,755    
Foreign exchange/translation adjustment (145) 224    
Retroactive reinsurance adjustment 0 0    
Net reserves end of period 31,104 28,337    
Plus reinsurance recoverables on unpaid losses 3,545 3,175 $ 3,715 $ 2,915
Gross reserves end of period $ 34,649 $ 31,512