Property Casualty Loss and Loss Expenses (Tables)

6 Months Ended

Jun. 30, 2026

Premiums Written, Net [Abstract]

Consolidated Property Casualty Loss And Loss Expense Reserves

This table summarizes activity for our consolidated property casualty loss and loss expense reserves:


(Dollars in millions)						Three months ended June 30,												Six months ended June 30,
						2026						2025						2026						2025
Gross loss and loss expense reserves, beginning of period						$	11,884					$	10,707					$	11,450					$	9,937
Less reinsurance recoverable						406						551						438						269
Net loss and loss expense reserves, beginning of period						11,478						10,156						11,012						9,668





Net incurred loss and loss expenses related to:
Current accident year						1,850						1,650						3,598						3,628
Prior accident years						(42)						(63)						(123)						(154)
Total incurred						1,808						1,587						3,475						3,474
Net paid loss and loss expenses related to:
Current accident year						612						591						846						1,184
Prior accident years						681						655						1,648						1,461
Total paid						1,293						1,246						2,494						2,645
Net loss and loss expense reserves, end of period						11,993						10,497						11,993						10,497
Plus reinsurance recoverable						413						504						413						504
Gross loss and loss expense reserves, end of period						$	12,406					$	11,001					$	12,406					$	11,001