Property Casualty Loss and Loss Expenses (Tables)

9 Months Ended

Sep. 30, 2026

Premiums Written, Net [Abstract]

Consolidated Property Casualty Loss And Loss Expense Reserves

This table summarizes activity for our consolidated property casualty loss and loss expense reserves:


(Dollars in millions)						Three months ended September 30,												Nine months ended September 30,
						2026						2025						2026						2025
Gross loss and loss expense reserves, beginning of period						$	12,406					$	11,001					$	11,450					$	9,937
Less reinsurance recoverable						413						504						438						269
Net loss and loss expense reserves, beginning of period						11,993						10,497						11,012						9,668





Net incurred loss and loss expenses related to:
Current accident year						1,689						1,486						5,287						5,114
Prior accident years						(94)						(22)						(217)						(176)
Total incurred						1,595						1,464						5,070						4,938
Net paid loss and loss expenses related to:
Current accident year						729						616						1,575						1,800
Prior accident years						587						601						2,235						2,062
Total paid						1,316						1,217						3,810						3,862
Net loss and loss expense reserves, end of period						12,272						10,744						12,272						10,744
Plus reinsurance recoverable						402						451						402						451
Gross loss and loss expense reserves, end of period						$	12,674					$	11,195					$	12,674					$	11,195