Reinsurance (Tables)

6 Months Ended

Jun. 30, 2026

schedule of reinsurance recoverable on ceded insurance


	June 30, 2026				December 31, 2025
(in millions of U.S. dollars)	Net Reinsurance Recoverable (1)		Valuation allowance		Net Reinsurance Recoverable (1)		Valuation allowance
Reinsurance recoverable on unpaid losses and loss expenses	$	18,453	$	273	$	18,346	$	248
Reinsurance recoverable on paid losses and loss expenses	1,831		51		1,992		72
Reinsurance recoverable on losses and loss expenses	$	20,284	$	324	$	20,338	$	320
Reinsurance recoverable on policy benefits	$	333	$	—	$	286	$	—

(1)Net of valuation allowance for uncollectible reinsurance.

Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block]

The following table presents a roll-forward of valuation allowance for uncollectible reinsurance related to Reinsurance recoverable on losses and loss expenses:


	Six Months Ended
			June 30
(in millions of U.S. dollars)	2026		2025
Valuation allowance for uncollectible reinsurance - beginning of period	$	320	$	310
Provision for uncollectible reinsurance	17		17
Write-offs charged against the valuation allowance	(14)		(6)
Foreign exchange revaluation	1		2

Valuation allowance for uncollectible reinsurance - end of period	$	324	$	323