v3.26.3
RESERVE FOR LOSSES AND LAE - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 01, 2025
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Dec. 31, 2025
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Current year       $ 6,585 $ 7,665    
Unfavorable (favorable) development on prior year losses       226      
Funds held under reinsurance treaties   $ 273   273   $ 273 $ 267
Funds held by reinsureds   1,392   1,392   1,392 1,326
Incurred losses and LAE   2,432 $ 2,837 6,819 8,203    
Reinsurance recoverables, adverse development reinsurance agreement   1,300   1,300   1,300 1,300
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Funds held under reinsurance treaties $ 5,400            
Deferred gain on sale current   9   9   9 3
Policyholder benefits and claims incurred, ceded       1,260     1,300
Reinsurance recoverables, adverse development reinsurance agreement   $ 1,260   1,260   1,260  
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | State National Reinsurer              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Payments for reinsurance 1,300            
Co-participation per layer $ 1,300            
Reinsurance, excess retention (in percent) 85.70%            
Funds held under reinsurance agreement, excess of liability $ 600            
Funds held by reinsureds $ 250            
Reinsurance, excess retention unexpired limit, amount reinsured, per policy       591     597
Reinsurance Contract [Axis]: Adverse Development Cover Reinsurance Agreements | MS Transverse Reinsurance              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Payments for reinsurance           $ 122  
Reinsurance, excess retention (in percent)           80.00%  
Funds held under reinsurance agreement, excess of liability           $ 400  
Incurred losses and LAE           $ 122  
Reinsurance, excess retention unexpired limit, amount reinsured, per policy       400     $ 400
Well-Seasoned Reserves              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Unfavorable (favorable) development on prior year losses       (141)      
Higher Premiums Earned              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Decrease in earned premium growth       (1,000)      
Catastrophe Losses              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Current year       556      
Decrease in earned premium growth       (48)      
Washington D.C. Aviation Incident              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Current year         $ 83    
Wildfires and Other Weather Related Events              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Current year       243      
Earthquake              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Current year       157      
Foreign Conflict              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Current year       146      
Attritional Losses              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Unfavorable (favorable) development on prior year losses       366      
Well-Seasoned Reserves              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Unfavorable (favorable) development on prior year losses       (197)      
Baltimore Bridge collapse              
Reserve For Losses LAE And Future Policy Benefit Reserve [Line Items]              
Unfavorable (favorable) development on prior year losses       $ 57