v3.26.3
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Net premiums earned $ 21,869.0 $ 20,849.0 $ 64,410.0 $ 60,568.0
Investment income 1,035.0 924.0 2,931.0 2,609.0
Net realized gains (losses) on securities:        
Net realized gains (losses) on security sales (9.0) 12.0 103.0 32.0
Net holding period gains (losses) on securities (161.0) 283.0 211.0 438.0
Total net realized gains (losses) on securities (170.0) 295.0 314.0 470.0
Fees and other revenues 311.0 306.0 913.0 896.0
Service revenues 147.0 138.0 421.0 382.0
Total revenues 23,192.0 22,512.0 68,989.0 64,925.0
Expenses        
Losses and loss adjustment expenses 14,904.0 13,445.0 43,303.0 39,854.0
Policy acquisition costs 1,607.0 1,555.0 4,712.0 4,522.0
Other underwriting expenses 3,196.0 3,015.0 9,253.0 8,423.0
Policyholder credit expense 0.0 950.0 0.0 950.0
Investment expenses 10.0 10.0 28.0 26.0
Service expenses 152.0 144.0 437.0 400.0
Interest expense 87.0 70.0 245.0 209.0
Total expenses 19,956.0 19,189.0 57,978.0 54,384.0
Net Income        
Income before income taxes 3,236.0 3,323.0 11,011.0 10,541.0
Provision for income taxes 694.0 708.0 2,340.0 2,184.0
Net income 2,542.0 2,615.0 8,671.0 8,357.0
Changes in:        
Total net unrealized gains (losses) on fixed-maturity securities (1,898.0) 284.0 (2,847.0) 1,611.0
Net unrealized losses on forecasted transactions 0.0 0.0 0.0 1.0
Foreign currency translation adjustment 1.0 0.0 0.0 0.0
Other comprehensive income (loss) (1,897.0) 284.0 (2,847.0) 1,612.0
Comprehensive income (loss) $ 645.0 $ 2,899.0 $ 5,824.0 $ 9,969.0
Computation of Earnings Per Common Share        
Average common shares outstanding - Basic (in shares) 580.9 586.5 583.1 586.3
Net effect of dilutive stock-based compensation (in shares) 1.3 1.7 1.5 1.8
Total average equivalent common shares - Diluted (in shares) 582.2 588.2 584.6 588.1
Basic: Earnings per common shares (in dollars per share) $ 4.38 $ 4.46 $ 14.87 $ 14.25
Diluted: Earnings per common share (in dollars per share) $ 4.37 $ 4.45 $ 14.83 $ 14.21