v3.26.3
Consolidated Statement of Earnings (Unaudited) - 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 earned premiums $ 2,164 $ 2,013 $ 5,467 $ 5,240
Net investment income 356 205 764 562
Realized gains (losses) on:        
Securities (35) 12 (37) 17
Subsidiaries 0 1 0 1
Income of managed investment entities:        
Investment income 71 70 207 214
Gain (loss) on change in fair value of assets/liabilities (2) 0 (21) (7)
Other income 29 30 87 84
Total revenues 2,583 2,331 6,467 6,111
Costs and Expenses:        
Losses and loss adjustment expenses 1,470 1,355 3,376 3,327
Commissions and other underwriting expenses 571 529 1,687 1,593
Interest charges on borrowed money 23 19 70 57
Expenses of managed investment entities 62 61 178 189
Other expenses 98 99 242 251
Total costs and expenses 2,224 2,063 5,553 5,417
Earnings before income taxes 359 268 914 694
Provision for income taxes 77 53 193 151
Net Earnings $ 282 $ 215 $ 721 $ 543
Earnings per Common Share:        
Total basic earnings (USD per share) $ 3.40 $ 2.58 $ 8.68 $ 6.50
Total diluted earnings (USD per share) $ 3.40 $ 2.58 $ 8.68 $ 6.50
Average number of Common Shares:        
Basic (shares) 82.9 83.4 83.1 83.6
Diluted (shares) 82.9 83.4 83.1 83.6