v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets [Abstract]    
Fixed maturity securities, available-for-sale (amortized cost of $18,182,889 in 2026 and $17,895,918 in 2025) $ 17,295,062 $ 17,797,986
Equity securities (cost of $4,131,183 in 2026 and $4,094,745 in 2025) 13,110,683 13,004,312
Short-term investments, available-for-sale (estimated fair value approximates cost) 2,769,092 2,033,662
Total Investments 33,174,837 32,835,960
Cash and cash equivalents 3,601,544 3,964,705
Restricted cash and cash equivalents 594,139 638,597
Receivables 4,093,338 3,964,598
Reinsurance recoverables 17,300,376 14,616,279
Deferred policy acquisition costs 809,395 909,516
Prepaid reinsurance premiums 3,447,323 3,073,999
Goodwill 2,835,373 2,822,091
Intangible assets 1,425,582 1,543,002
Other assets 4,794,949 4,536,303
Total Assets 72,076,856 68,905,050
Liabilities and Equity [Abstract]    
Unpaid losses and loss adjustment expenses 33,859,927 30,857,453
Unearned Premiums 7,425,623 7,253,079
Payables to insurance and reinsurance companies 1,750,758 1,667,871
Senior long-term debt and other debt (estimated fair value of $3,632,000 in 2026 and $3,856,000 in 2025) 4,359,807 4,303,811
Other liabilities 5,668,659 5,720,647
Total Liabilities 53,064,774 49,802,861
Redeemable noncontrolling interests 506,411 506,064
Commitments and contingencies
Shareholders' equity:    
Common stock 3,722,700 3,672,381
Retained earnings 15,505,312 15,034,835
Accumulated other comprehensive loss (720,704) (109,460)
Total Shareholders' Equity 18,507,308 18,597,756
Noncontrolling interests (1,637) (1,631)
Total Equity 18,505,671 18,596,125
Total Liabilities and Equity $ 72,076,856 $ 68,905,050