v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets [Abstract]    
Fixed maturity securities, available-for-sale (amortized cost of $18,044,608 in 2026 and $17,895,918 in 2025) $ 17,708,607 $ 17,797,986
Equity securities (cost of $4,163,590 in 2026 and $4,094,745 in 2025) 13,462,553 13,004,312
Short-term investments, available-for-sale (estimated fair value approximates cost) 2,333,419 2,033,662
Total Investments 33,504,579 32,835,960
Cash and cash equivalents 3,423,224 3,964,705
Restricted cash and cash equivalents 644,820 638,597
Receivables 4,127,453 3,964,598
Reinsurance recoverables 15,813,915 14,616,279
Deferred policy acquisition costs 819,999 909,516
Prepaid reinsurance premiums 3,909,766 3,073,999
Goodwill 2,835,351 2,822,091
Intangible assets 1,459,860 1,543,002
Other assets 4,724,179 4,536,303
Total Assets 71,263,146 68,905,050
Liabilities and Equity [Abstract]    
Unpaid losses and loss adjustment expenses 32,172,616 30,857,453
Unearned premiums 7,923,440 7,253,079
Payables to insurance and reinsurance companies 1,678,867 1,667,871
Senior long-term debt and other debt (estimated fair value of $3,924,000 in 2026 and $3,856,000 in 2025) 4,367,740 4,303,811
Other liabilities 5,649,026 5,720,647
Total Liabilities 51,791,689 49,802,861
Redeemable noncontrolling interests 467,023 506,064
Commitments and contingencies
Shareholders' equity:    
Common stock 3,716,892 3,672,381
Retained earnings 15,593,743 15,034,835
Accumulated other comprehensive loss (305,115) (109,460)
Total Shareholders' Equity 19,005,520 18,597,756
Noncontrolling interests (1,086) (1,631)
Total Equity 19,004,434 18,596,125
Total Liabilities and Equity $ 71,263,146 $ 68,905,050