2021 Q4 Form 10-Q Financial Statement

#000008631221000042 Filed on October 19, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $9.012B $8.805B $8.275B
YoY Change 7.32% 6.4% 3.27%
Cost Of Revenue $5.464B $4.886B
YoY Change 11.83% -6.58%
Gross Profit $3.341B $3.389B
YoY Change -1.42% 21.78%
Gross Profit Margin 37.94% 40.95%
Selling, General & Admin $1.153B $1.187B $1.109B
YoY Change 0.96% 7.03% 1.0%
% of Gross Profit 35.53% 32.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.509B $1.281B $1.207B
YoY Change 5.75% 6.13% 3.25%
% of Gross Profit 38.34% 35.62%
Operating Expenses $7.273B $1.187B $1.109B
YoY Change 8.58% 7.03% 1.0%
Operating Profit $2.154B $2.280B
YoY Change -5.53% 35.31%
Interest Expense -$88.00M $87.00M $87.00M
YoY Change 6.02% 0.0% 3.57%
% of Operating Profit 4.04% 3.82%
Other Income/Expense, Net
YoY Change
Pretax Income $1.650B $786.0M $986.0M
YoY Change 2.1% -20.28% 128.24%
Income Tax $317.0M $124.0M $159.0M
% Of Pretax Income 19.21% 15.78% 16.13%
Net Earnings $1.333B $662.0M $827.0M
YoY Change 1.76% -19.95% 108.84%
Net Earnings / Revenue 14.79% 7.52% 9.99%
Basic Earnings Per Share $2.65 $3.24
Diluted Earnings Per Share $5.419M $2.62 $3.23
COMMON SHARES
Basic Shares Outstanding 246.0M shares 247.7M shares 253.3M shares
Diluted Shares Outstanding 250.1M shares 254.3M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $761.0M $818.0M $583.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $979.0M $1.004B $957.0M
YoY Change -4.58% 4.91% -0.62%
Goodwill $4.008B $4.005B $3.945B
YoY Change 0.8% 1.52% 0.41%
Intangibles $306.0M $309.0M $318.0M
YoY Change -3.47% -2.83% -3.34%
Long-Term Investments $86.40B $86.50B $82.60B
YoY Change 3.6% 4.72% 8.04%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $120.5B $120.7B $116.4B
YoY Change 3.17% 3.71% 5.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0M $100.0M $0.00
YoY Change 0.0%
Long-Term Debt Due $0.00 $0.00 $600.0M
YoY Change -100.0% 500.0%
Total Short-Term Liabilities $4.011B $4.143B $4.968B
YoY Change -8.03% -16.61% 1.35%
LONG-TERM LIABILITIES
Long-Term Debt $7.190B $7.190B $6.450B
YoY Change 11.47% 11.47% -0.12%
Other Long-Term Liabilities $6.329B $6.522B $6.154B
YoY Change 3.84% 5.98% 2.76%
Total Long-Term Liabilities $13.52B $13.71B $12.60B
YoY Change 7.76% 8.79% 1.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.011B $4.143B $4.968B
Total Long-Term Liabilities $13.52B $13.71B $12.60B
Total Liabilities $91.58B $92.23B $88.54B
YoY Change 4.59% 4.18% 4.61%
SHAREHOLDERS EQUITY
Retained Earnings $41.56B $40.44B $37.68B
YoY Change 7.18% 7.32% 3.75%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $38.02B $37.21B $35.61B
YoY Change 6.14% 4.49% 2.44%
Treasury Stock Shares 541.5M shares 536.4M shares 525.9M shares
Shareholders Equity $28.89B $28.47B $27.85B
YoY Change
Total Liabilities & Shareholders Equity $120.5B $120.7B $116.4B
YoY Change 3.17% 3.71% 5.57%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $1.333B $662.0M $827.0M
YoY Change 1.76% -19.95% 108.84%
Depreciation, Depletion And Amortization $1.509B $1.281B $1.207B
YoY Change 5.75% 6.13% 3.25%
Cash From Operating Activities $1.692B $2.543B $2.326B
YoY Change -10.99% 9.33% 16.24%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$774.0M -$1.637B -$2.163B
YoY Change -15.41% -24.32% 60.7%
Cash From Investing Activities -$774.0M -$1.637B -$2.163B
YoY Change -15.41% -24.32% 60.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -978.0M -770.0M -210.0M
YoY Change 13.19% 266.67% -62.3%
NET CHANGE
Cash From Operating Activities 1.692B 2.543B 2.326B
Cash From Investing Activities -774.0M -1.637B -2.163B
Cash From Financing Activities -978.0M -770.0M -210.0M
Net Change In Cash -60.00M 136.0M -47.00M
YoY Change -149.18% -389.36% -147.96%
FREE CASH FLOW
Cash From Operating Activities $1.692B $2.543B $2.326B
Capital Expenditures
Free Cash Flow
YoY Change

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CY2020Q4 us-gaap Other Assets
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CY2021Q3 us-gaap Assets
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CY2020Q4 us-gaap Assets
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4043000000 USD
CY2020Q4 trv Contractholder Payables
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CY2020Q4 us-gaap Ceded Premiums Payable
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CY2021Q3 us-gaap Liabilities
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CY2020Q4 us-gaap Liabilities
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CY2020Q4 us-gaap Common Stock Shares Authorized
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CY2020Q4 us-gaap Shares Issued
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CY2020Q4 us-gaap Common Stock Value Outstanding
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CY2021Q3 us-gaap Treasury Stock Shares
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CY2020Q4 us-gaap Treasury Stock Shares
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CY2021Q3 us-gaap Treasury Stock Value
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CY2020Q4 us-gaap Treasury Stock Value
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CY2020Q4 us-gaap Liabilities And Stockholders Equity
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
28474000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Stockholders Equity
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us-gaap Increase Decrease In Reinsurance Recoverable
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150000000 USD
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2673000000 USD
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1460000000 USD
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74000000 USD
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ProceedsFromSaleOfRealEstateHeldforinvestment
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ProceedsFromSaleOfRealEstateHeldforinvestment
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ProceedsFromSaleAndMaturityOfOtherInvestments
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ProceedsFromSaleAndMaturityOfOtherInvestments
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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68000000 USD
us-gaap Payments To Acquire Equity Securities Fv Ni
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80000000 USD
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PaymentsToAcquireRealEstateHeldForInvestment
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PaymentsToAcquireRealEstateHeldForInvestment
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PaymentsToAcquireOtherInvestments
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SecuritiesTransactionsInCourseOfSettlement
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SecuritiesTransactionsInCourseOfSettlement
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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38000000 USD
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PaymentsForProceedsFromOtherInvestingActivities
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PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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256000000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Income Taxes Paid Net
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CY2020Q3 us-gaap Realized Investment Gains Losses
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us-gaap Realized Investment Gains Losses
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CY2020Q3 us-gaap Revenues
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us-gaap Revenues
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NetRealizedInvestmentGainsLossesAfterTax
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CY2020Q3 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
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CY2020Q3 us-gaap Net Income Loss
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
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us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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us-gaap Debt Securities Available For Sale Realized Loss
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CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
254000000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
313000000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
12000000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
13715000000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
266000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1045000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
8000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
98000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
1143000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
11000000 USD
CY2021Q3 trv Total Investments Total Credit Impairment Charges Recognized In Net Realized Investment Gains Losses
TotalInvestmentsTotalCreditImpairmentChargesRecognizedInNetRealizedInvestmentGainsLosses
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CY2020Q3 trv Total Investments Total Credit Impairment Charges Recognized In Net Realized Investment Gains Losses
TotalInvestmentsTotalCreditImpairmentChargesRecognizedInNetRealizedInvestmentGainsLosses
-4000000 USD
trv Total Investments Total Credit Impairment Charges Recognized In Net Realized Investment Gains Losses
TotalInvestmentsTotalCreditImpairmentChargesRecognizedInNetRealizedInvestmentGainsLosses
1000000 USD
trv Total Investments Total Credit Impairment Charges Recognized In Net Realized Investment Gains Losses
TotalInvestmentsTotalCreditImpairmentChargesRecognizedInNetRealizedInvestmentGainsLosses
58000000 USD
trv Other Investments Total Credit Impairment Charges Recognized In Net Realized Investment Gains Losses
OtherInvestmentsTotalCreditImpairmentChargesRecognizedInNetRealizedInvestmentGainsLosses
40000000 USD
CY2020Q3 trv Debt Securities Available For Sale Credit Losses Recognized In Earnings For The Period As Percentage Of Fixed Maturity Portfolio On Pretax Basis
DebtSecuritiesAvailableForSaleCreditLossesRecognizedInEarningsForThePeriodAsPercentageOfFixedMaturityPortfolioOnPretaxBasis
0.01
CY2021Q3 trv Debt Securities Available For Sale Credit Losses Recognized In Earnings For The Period As Percentage Of Fixed Maturity Portfolio On Pretax Basis
DebtSecuritiesAvailableForSaleCreditLossesRecognizedInEarningsForThePeriodAsPercentageOfFixedMaturityPortfolioOnPretaxBasis
0.01
CY2020Q3 trv Debt Securities Available For Sale Credit Losses Recognized In Earnings For The Period As Percentage Of Shareholders Equity On After Tax Basis
DebtSecuritiesAvailableForSaleCreditLossesRecognizedInEarningsForThePeriodAsPercentageOfShareholdersEquityOnAfterTaxBasis
0.01
CY2021Q3 trv Debt Securities Available For Sale Credit Losses Recognized In Earnings For The Period As Percentage Of Shareholders Equity On After Tax Basis
DebtSecuritiesAvailableForSaleCreditLossesRecognizedInEarningsForThePeriodAsPercentageOfShareholdersEquityOnAfterTaxBasis
0.01
trv Availability Of Financial Information Provided By Hedge Funds
AvailabilityOfFinancialInformationProvidedByHedgeFunds
P1M
trv Availability Of Financial Information Provided By Private Equity And Real Estate Partnerships Maximum
AvailabilityOfFinancialInformationProvidedByPrivateEquityAndRealEstatePartnershipsMaximum
P3M
CY2021Q3 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2020Q4 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2021Q3 trv Estimated Fair Value Of Put Call Option
EstimatedFairValueOfPutCallOption
4000000 USD
CY2020Q4 trv Estimated Fair Value Of Put Call Option
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5000000 USD
CY2021Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8555000000 USD
CY2021Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
105000000 USD
CY2020Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8459000000 USD
CY2020Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
94000000 USD
CY2021Q3 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
15000000 USD
CY2020Q3 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
17000000 USD
CY2021Q3 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
18000000 USD
CY2020Q3 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
15000000 USD
CY2021Q3 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8289000000 USD
CY2021Q3 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
102000000 USD
CY2020Q3 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8225000000 USD
CY2020Q3 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
96000000 USD
CY2020Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
7829000000 USD
CY2020Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
105000000 USD
CY2019Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
7909000000 USD
CY2019Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
49000000 USD
us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
45000000 USD
us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
84000000 USD
us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
48000000 USD
us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
37000000 USD
CY2021Q3 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8289000000 USD
CY2021Q3 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
102000000 USD
CY2020Q3 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8225000000 USD
CY2020Q3 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
96000000 USD
CY2021Q2 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8209000000 USD
CY2021Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
135000000 USD
CY2020Q2 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8093000000 USD
CY2020Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
156000000 USD
CY2021Q3 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
7000000 USD
CY2020Q3 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-16000000 USD
CY2021Q3 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 USD
CY2020Q3 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 USD
CY2021Q3 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8329000000 USD
CY2021Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
142000000 USD
CY2020Q3 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8317000000 USD
CY2020Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
140000000 USD
CY2020Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8350000000 USD
CY2020Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
146000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8235000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
92000000 USD
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-4000000 USD
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-5000000 USD
us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 USD
us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 USD
CY2021Q3 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8329000000 USD
CY2021Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
142000000 USD
CY2020Q3 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8317000000 USD
CY2020Q3 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
140000000 USD
CY2021Q2 trv Contractholder Receivables
ContractholderReceivables
4016000000 USD
CY2021Q2 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
19000000 USD
CY2021Q3 trv Contractholder Receivables Credit Loss Expense Reversal
ContractholderReceivablesCreditLossExpenseReversal
0 USD
CY2020Q3 trv Contractholder Receivables Credit Loss Expense Reversal
ContractholderReceivablesCreditLossExpenseReversal
0 USD
CY2020Q2 trv Contractholder Receivables
ContractholderReceivables
4314000000 USD
CY2020Q2 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
22000000 USD
CY2021Q3 trv Contractholder Receivables Loss On Uncollectible Accounts In Period
ContractholderReceivablesLossOnUncollectibleAccountsInPeriod
0 USD
CY2020Q3 trv Contractholder Receivables Loss On Uncollectible Accounts In Period
ContractholderReceivablesLossOnUncollectibleAccountsInPeriod
1000000 USD
CY2021Q3 trv Contractholder Receivables
ContractholderReceivables
4024000000 USD
CY2021Q3 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
19000000 USD
CY2020Q3 trv Contractholder Receivables
ContractholderReceivables
4347000000 USD
CY2020Q3 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
21000000 USD
CY2020Q4 trv Contractholder Receivables
ContractholderReceivables
4242000000 USD
CY2020Q4 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
19000000 USD
CY2019Q4 trv Contractholder Receivables
ContractholderReceivables
4599000000 USD
CY2019Q4 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
20000000 USD
trv Contractholder Receivables Credit Loss Expense Reversal
ContractholderReceivablesCreditLossExpenseReversal
0 USD
trv Contractholder Receivables Credit Loss Expense Reversal
ContractholderReceivablesCreditLossExpenseReversal
2000000 USD
trv Contractholder Receivables Loss On Uncollectible Accounts In Period
ContractholderReceivablesLossOnUncollectibleAccountsInPeriod
0 USD
trv Contractholder Receivables Loss On Uncollectible Accounts In Period
ContractholderReceivablesLossOnUncollectibleAccountsInPeriod
1000000 USD
CY2021Q3 trv Contractholder Receivables
ContractholderReceivables
4024000000 USD
CY2021Q3 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
19000000 USD
CY2020Q3 trv Contractholder Receivables
ContractholderReceivables
4347000000 USD
CY2020Q3 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
21000000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
4005000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3976000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
309000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
226000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
83000000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 USD
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
535000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
226000000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
309000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
306000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
215000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91000000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
532000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
215000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
317000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12000000 USD
CY2021Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
56805000000 USD
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
54521000000 USD
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a reconciliation of beginning and ending property casualty reserve balances for claims and claim adjustment expenses:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:72.291%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.619%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.622%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in millions)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Claims and claim adjustment expense reserves at beginning of year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">54,510</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51,836 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less reinsurance recoverables on unpaid losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,153</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,035 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOmY0ZTg1OTMxMTlmNzQ5M2NiMzlkN2UyYjRiMzhlYzllL3NlYzpmNGU4NTkzMTE5Zjc0OTNjYjM5ZDdlMmI0YjM4ZWM5ZV83MC9mcmFnOmIxZTZkNTRlY2Y4NDQ0Y2NhYjRjZDhmMjViYmNkMWU3L3RhYmxlOmM0MmI3ZmNlZTA1MDRmY2Q4YjFjODViMmMzYmVjNmVmL3RhYmxlcmFuZ2U6YzQyYjdmY2VlMDUwNGZjZDhiMWM4NWIyYzNiZWM2ZWZfNC0wLTEtMS0w_3288bec2-6eed-4b08-83ab-b09d873dc9d5">Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020</span> </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net reserves at beginning of year</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">46,357</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,854 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated claims and claim adjustment expenses for claims arising in the current year</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15,813</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,809 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Estimated decrease in claims and claim adjustment expenses for</span></div><div style="padding-left:13.5pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> claims arising in prior years</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(398)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(108)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total increases</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15,415</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,701 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:6pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Claims and claim adjustment expense payments for claims arising in:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:1pt;font-weight:400;line-height:100%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5,653</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,960 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7,339</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,246 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total payments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12,992</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,206 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unrealized foreign exchange gain </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(18)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(62)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net reserves at end of period</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">48,762</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46,287 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Plus reinsurance recoverables on unpaid losses</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,033</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,119 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Claims and claim adjustment expense reserves at end of period</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">56,795</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,406 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table>
CY2020Q3 trv Subrogation Recovery Benefit
SubrogationRecoveryBenefit
403000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4810000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1387000000 USD
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3800000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8800000 shares
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
600000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1360000000 USD
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
155.57
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
153.93
CY2021Q3 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12181 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
300000 shares
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1000000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
43000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
662000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
827000000 USD
us-gaap Net Income Loss
NetIncomeLoss
2329000000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5000000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
6000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
17000000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
9000000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
657000000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
657000000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
821000000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
821000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2312000000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2312000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1378000000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1378000000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
247700000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253500000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
247700000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253500000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2400000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000.0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000.0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250100000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
254300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
252400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
254500000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.65
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.44
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.62
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.41
CY2021Q3 trv Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingNumber
7292324 shares
CY2021Q3 trv Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingWeightedAverageExercisePrice
124.13
trv Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2021Q3 trv Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingAggregateIntrinsicValue
203000000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4340430 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
118.45
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y7M6D
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
146000000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37000000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
126000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113000000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
22000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
20000000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
184000000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
22000000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
23000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
67000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
71000000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000000 USD
CY2021Q3 trv Operating Lease And Short Term Lease Cost
OperatingLeaseAndShortTermLeaseCost
22000000 USD
CY2020Q3 trv Operating Lease And Short Term Lease Cost
OperatingLeaseAndShortTermLeaseCost
24000000 USD
trv Operating Lease And Short Term Lease Cost
OperatingLeaseAndShortTermLeaseCost
68000000 USD
trv Operating Lease And Short Term Lease Cost
OperatingLeaseAndShortTermLeaseCost
73000000 USD
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
0 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
22000000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
24000000 USD
us-gaap Lease Cost
LeaseCost
68000000 USD
us-gaap Lease Cost
LeaseCost
73000000 USD
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
25000000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
27000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
78000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
82000000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2000000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
26000000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0237
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0286
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0237
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0286
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q3 trv Unfunded Commitments To Private Equity Limited Partnerships Real Estate Partnerships And Other
UnfundedCommitmentsToPrivateEquityLimitedPartnershipsRealEstatePartnershipsAndOther
1640000000 USD
CY2020Q4 trv Unfunded Commitments To Private Equity Limited Partnerships Real Estate Partnerships And Other
UnfundedCommitmentsToPrivateEquityLimitedPartnershipsRealEstatePartnershipsAndOther
1760000000 USD

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