v3.26.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net premiums earned $ 21,573.0 $ 20,310.0 $ 42,541.0 $ 39,719.0
Investment income 979.0 871.0 1,896.0 1,685.0
Net realized gains (losses) on securities:        
Net realized gains (losses) on security sales 16.0 19.0 112.0 20.0
Net holding period gains (losses) on securities 588.0 368.0 372.0 155.0
Total net realized gains (losses) on securities 604.0 387.0 484.0 175.0
Fees and other revenues 305.0 303.0 602.0 590.0
Service revenues 148.0 133.0 274.0 244.0
Total revenues 23,609.0 22,004.0 45,797.0 42,413.0
Expenses        
Losses and loss adjustment expenses 14,572.0 13,605.0 28,399.0 26,409.0
Policy acquisition costs 1,567.0 1,511.0 3,105.0 2,967.0
Other underwriting expenses 3,009.0 2,689.0 6,057.0 5,408.0
Investment expenses 10.0 9.0 18.0 16.0
Service expenses 154.0 139.0 285.0 256.0
Interest expense 88.0 69.0 158.0 139.0
Total expenses 19,400.0 18,022.0 38,022.0 35,195.0
Net Income        
Income before income taxes 4,209.0 3,982.0 7,775.0 7,218.0
Provision for income taxes 898.0 807.0 1,646.0 1,476.0
Net income 3,311.0 3,175.0 6,129.0 5,742.0
Changes in:        
Total net unrealized gains (losses) on fixed-maturity securities (375.0) 428.0 (949.0) 1,327.0
Net unrealized losses on forecasted transactions 0.0 1.0 0.0 1.0
Foreign currency translation adjustment (1.0) 0.0 (1.0) 0.0
Other comprehensive income (loss) (376.0) 429.0 (950.0) 1,328.0
Comprehensive income (loss) $ 2,935.0 $ 3,604.0 $ 5,179.0 $ 7,070.0
Computation of Earnings Per Common Share        
Average common shares outstanding - Basic (in shares) 583.0 586.2 584.3 586.1
Net effect of dilutive stock-based compensation (in shares) 1.2 1.6 1.3 1.6
Total average equivalent common shares - Diluted (in shares) 584.2 587.8 585.6 587.7
Basic: Earnings per common shares (in dollars per share) $ 5.68 $ 5.42 $ 10.49 $ 9.80
Diluted: Earnings per common share (in dollars per share) $ 5.67 $ 5.40 $ 10.47 $ 9.77