v3.26.1
Consolidated Statement of Earnings (Unaudited) - 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 earned premiums $ 1,694 $ 1,647 $ 3,303 $ 3,227
Net investment income 221 184 408 357
Realized gains (losses) on securities 16 2 (2) 5
Income of managed investment entities:        
Investment income 69 68 136 144
Gain (loss) on change in fair value of assets/liabilities 1 (4) (19) (7)
Other income 29 27 58 54
Total revenues 2,030 1,924 3,884 3,780
Costs and Expenses:        
Losses and loss adjustment expenses 1,000 1,007 1,906 1,972
Commissions and other underwriting expenses 560 534 1,116 1,064
Interest charges on borrowed money 24 19 47 38
Expenses of managed investment entities 58 60 116 128
Other expenses 72 75 144 152
Total costs and expenses 1,714 1,695 3,329 3,354
Earnings before income taxes 316 229 555 426
Provision for income taxes 68 55 116 98
Net Earnings $ 248 $ 174 $ 439 $ 328
Earnings per Common Share:        
Total basic earnings (USD per share) $ 2.99 $ 2.07 $ 5.28 $ 3.92
Total diluted earnings (USD per share) $ 2.99 $ 2.07 $ 5.28 $ 3.92
Average number of Common Shares:        
Basic (shares) 83.0 83.5 83.1 83.7
Diluted (shares) 83.0 83.5 83.1 83.7