v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Fixed income securities (at fair value) (amortized cost: $12,116.5 and $12,478.8) $ 12,161.2 $ 12,709.8
Equity securities (at fair value) (cost: $1,318.2 and $1,377.7) 2,679.0 2,487.7
Short-term investments (at fair value which approximates cost) 2,233.1 1,613.6
Other investments 17.8 27.7
Total investments 17,091.2 16,839.0
Cash 417.7 263.2
Accrued investment income 142.5 141.1
Accounts and notes receivable 3,140.2 2,782.2
Reinsurance balances and funds held 385.7 404.5
Reinsurance recoverable: Paid loss and loss adjustment expenses 175.1 209.9
Reinsurance recoverable for loss and loss adjustment expense reserves 6,757.9 6,399.1
Unearned premium and policy reserves 1,493.2 1,131.1
Deferred policy acquisition costs 814.8 636.2
Other assets 1,173.7 1,055.9
Assets 31,592.4 29,862.7
Liabilities and Common Shareholders' Equity Liabilities:    
Loss and loss adjustment expense reserves 15,326.9 14,775.7
Unearned premiums 4,559.0 3,982.5
Other policyholders' benefits and funds held 183.5 177.8
Total policy liabilities 20,069.5 18,936.1
Commissions, expenses, fees, and taxes 544.4 601.8
Reinsurance balances and funds held 1,689.5 1,428.0
Deferred Income Tax Liabilities, Net 262.9 219.3
Debt 2,284.0 1,589.9
Other liabilities 653.9 1,158.7
Total liabilities 25,504.5 23,934.2
Shareholders' Equity:    
Preferred Stock 0.0 0.0
Common stock 241.4 246.3
Additional paid-in capital 0.0 23.3
Retained earnings 5,850.5 5,515.2
Accumulated other comprehensive income 8.5 163.1
Unallocated 401(k) plan shares (at cost) (27.6) (34.1)
Treasury Stock (at cost) 0.0 0.0
Total equity 6,072.8 5,914.0
Equity, Attributable to Noncontrolling Interest 15.0 14.4
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 6,087.8 5,928.4
Total liabilities and equity $ 31,592.4 $ 29,862.7