| Property Casualty Insurance Assumed And Ceded Business |
The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Three months ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Direct written premiums | | $ | 2,739 | | | $ | 2,672 | | | $ | 5,246 | | | $ | 5,060 | | | Assumed written premiums | | 216 | | | 196 | | | 497 | | | 499 | | | Ceded written premiums | | (130) | | | (135) | | | (250) | | | (331) | | | Net written premiums | | $ | 2,825 | | | $ | 2,733 | | | $ | 5,493 | | | $ | 5,228 | | | | | | | | | | | | Direct earned premiums | | $ | 2,479 | | | $ | 2,333 | | | $ | 4,927 | | | $ | 4,580 | | | Assumed earned premiums | | 170 | | | 162 | | | 337 | | | 352 | | | Ceded earned premiums | | (101) | | | (98) | | | (197) | | | (271) | | | Earned premiums | | $ | 2,548 | | | $ | 2,397 | | | $ | 5,067 | | | $ | 4,661 | | | | | | | | | | | | Direct incurred loss and loss expenses | | $ | 1,759 | | | $ | 1,508 | | | $ | 3,354 | | | $ | 3,657 | | | Assumed incurred loss and loss expenses | | 84 | | | 91 | | | 165 | | | 327 | | | Ceded incurred loss and loss expenses | | (35) | | | (12) | | | (44) | | | (510) | | | Incurred loss and loss expenses | | $ | 1,808 | | | $ | 1,587 | | | $ | 3,475 | | | $ | 3,474 | | | | | | | | | | |
|
| Life Insurance Assumed and Ceded Business |
The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred: | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Three months ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Direct earned premiums | | $ | 107 | | | $ | 104 | | | $ | 212 | | | $ | 203 | | | | | | | | | | | | Ceded earned premiums | | (20) | | | (21) | | | (40) | | | (40) | | | Earned premiums | | $ | 87 | | | $ | 83 | | | $ | 172 | | | $ | 163 | | | | | | | | | | | | Direct contract holders' benefits incurred | | $ | 96 | | | $ | 104 | | | $ | 195 | | | $ | 198 | | | | | | | | | | | | Ceded contract holders' benefits incurred | | (17) | | | (31) | | | (32) | | | (44) | | | Contract holders' benefits incurred | | $ | 79 | | | $ | 73 | | | $ | 163 | | | $ | 154 | | | | | | | | | | |
|