2024 Q3 Form 10-Q Financial Statement

#000008631224000051 Filed on July 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $11.90B $11.28B
YoY Change 11.93% 11.73%
Cost Of Revenue $6.996B $7.373B
YoY Change -2.14% 2.02%
Gross Profit $4.908B $3.910B
YoY Change 40.79% 36.19%
Gross Profit Margin 41.23% 34.65%
Selling, General & Admin $1.460B $1.478B
YoY Change 11.28% 13.0%
% of Gross Profit 29.75% 37.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.790B $1.678B
YoY Change 11.6% -1.18%
% of Gross Profit 36.47% 42.92%
Operating Expenses $1.460B $1.478B
YoY Change 11.28% -85.3%
Operating Profit $3.448B $2.432B
YoY Change 58.6% -133.86%
Interest Expense $98.00M $98.00M
YoY Change 0.0% -206.52%
% of Operating Profit 2.84% 4.03%
Other Income/Expense, Net
YoY Change
Pretax Income $1.560B $656.0M
YoY Change 230.51% -1466.67%
Income Tax $300.0M $122.0M
% Of Pretax Income 19.23% 18.6%
Net Earnings $1.260B $534.0M
YoY Change 211.88% -3660.0%
Net Earnings / Revenue 10.58% 4.73%
Basic Earnings Per Share $5.50 $2.32
Diluted Earnings Per Share $5.42 $2.29
COMMON SHARES
Basic Shares Outstanding 227.9M shares 229.0M shares
Diluted Shares Outstanding 230.6M shares 231.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $772.0M $729.0M
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 $901.0M $956.0M
YoY Change -6.15% 0.31%
Goodwill $4.273B $4.250B
YoY Change 8.04% 6.92%
Intangibles $368.0M $371.0M
YoY Change 32.37% 31.1%
Long-Term Investments $94.55B $88.56B
YoY Change 15.31% 7.97%
Other Assets $1.336B $1.788B
YoY Change -44.17% -3.14%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $134.6B $129.3B
YoY Change 10.88% 7.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0M $100.0M
YoY Change 0.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.410B $3.392B
YoY Change -4.93% -4.96%
LONG-TERM LIABILITIES
Long-Term Debt $7.933B $7.932B
YoY Change 0.03% 0.01%
Other Long-Term Liabilities $7.099B $6.313B
YoY Change 12.43% 10.62%
Total Long-Term Liabilities $15.03B $14.25B
YoY Change 5.52% 4.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.410B $3.392B
Total Long-Term Liabilities $15.03B $14.25B
Total Liabilities $106.9B $104.5B
YoY Change 5.41% 5.81%
SHAREHOLDERS EQUITY
Retained Earnings $47.79B $46.77B
YoY Change 8.12% 6.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.70B $24.86B
YoY Change
Total Liabilities & Shareholders Equity $134.6B $129.3B
YoY Change 10.88% 7.25%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.260B $534.0M
YoY Change 211.88% -3660.0%
Depreciation, Depletion And Amortization $1.790B $1.678B
YoY Change 11.6% -1.18%
Cash From Operating Activities $3.875B $1.677B
YoY Change 27.22% 8.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$3.391B -$1.143B
YoY Change 24.44% -38.45%
Cash From Investing Activities -$3.391B -$1.143B
YoY Change 24.44% -38.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -454.0M -472.0M
YoY Change 40.56% -442.03%
NET CHANGE
Cash From Operating Activities 3.875B 1.677B
Cash From Investing Activities -3.391B -1.143B
Cash From Financing Activities -454.0M -472.0M
Net Change In Cash 30.00M 62.00M
YoY Change -1600.0% -136.47%
FREE CASH FLOW
Cash From Operating Activities $3.875B $1.677B
Capital Expenditures
Free Cash Flow
YoY Change

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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4384000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53969000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Three Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostThreeMonthsOrLess
170000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Three Months Six Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanThreeMonthsSixMonthsOrLess
307000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Six Months Twelve Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanSixMonthsTwelveMonthsOrLess
3000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Twelve Months
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanTwelveMonths
762000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Total
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostTotal
1242000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Three Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostThreeMonthsOrLess
1000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Three Months Six Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanThreeMonthsSixMonthsOrLess
5000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Total
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostTotal
726000000 usd
CY2024Q2 trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
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0 usd
CY2023Q2 trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
TotalNetImpairmentChargesIncludingCreditImpairmentsReportedInNetRealizedInvestmentGainsLosses
0 usd
CY2023Q2 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
CY2024Q2 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
CY2024Q2 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
CY2023Q2 trv Debt Securities Available For Sale Credit Losses Recognized In Earnings For The Period As Percentage Of Shareholders Equity On After Tax Basis
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0.01
trv Availability Of Financial Information Provided By Hedge Funds
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P1M
trv Availability Of Financial Information Provided By Private Equity And Real Estate Partnerships Maximum
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P3M
CY2023Q4 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2024Q2 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
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0.99
CY2024Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
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CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
22000000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
117000000 usd
CY2023Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
5223000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
7993000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
45976000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4384000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
53969000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Three Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostThreeMonthsOrLess
170000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Six Months Twelve Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanSixMonthsTwelveMonthsOrLess
3000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Three Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostThreeMonthsOrLess
1000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Three Months Six Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanThreeMonthsSixMonthsOrLess
5000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Twelve Months
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanTwelveMonths
667000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Total
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostTotal
726000000 usd
CY2024Q2 trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
TotalNetImpairmentChargesIncludingCreditImpairmentsReportedInNetRealizedInvestmentGainsLosses
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CY2023Q2 trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
TotalNetImpairmentChargesIncludingCreditImpairmentsReportedInNetRealizedInvestmentGainsLosses
0 usd
CY2023Q2 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
CY2024Q2 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
CY2024Q2 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
CY2023Q2 trv Debt Securities Available For Sale Credit Losses Recognized In Earnings For The Period As Percentage Of Shareholders Equity On After Tax Basis
DebtSecuritiesAvailableForSaleCreditLossesRecognizedInEarningsForThePeriodAsPercentageOfShareholdersEquityOnAfterTaxBasis
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trv Availability Of Financial Information Provided By Hedge Funds
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trv Availability Of Financial Information Provided By Private Equity And Real Estate Partnerships Maximum
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CY2023Q4 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
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CY2024Q2 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
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0.99
CY2024Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
68000000 usd
CY2023Q2 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
7000000 usd
CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
12000000 usd
CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
12000000 usd
CY2023Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10327000000 usd
us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
22000000 usd
CY2023Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10327000000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
117000000 usd
CY2023Q1 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8091000000 usd
CY2023Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-10000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
117000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Twelve Months
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanTwelveMonths
762000000 usd
CY2024Q2 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Total
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostTotal
1242000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Three Months Or Less
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostThreeMonthsOrLess
1000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Greater Than Twelve Months
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostGreaterThanTwelveMonths
667000000 usd
CY2023Q4 trv Available For Sale Securities For Which Fair Value Is Less Than Eighty Percent Of Amortized Cost Total
AvailableForSaleSecuritiesForWhichFairValueIsLessThanEightyPercentOfAmortizedCostTotal
726000000 usd
CY2024Q2 trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
TotalNetImpairmentChargesIncludingCreditImpairmentsReportedInNetRealizedInvestmentGainsLosses
0 usd
CY2023Q2 trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
TotalNetImpairmentChargesIncludingCreditImpairmentsReportedInNetRealizedInvestmentGainsLosses
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trv Total Net Impairment Charges Including Credit Impairments Reported In Net Realized Investment Gains Losses
TotalNetImpairmentChargesIncludingCreditImpairmentsReportedInNetRealizedInvestmentGainsLosses
1000000 usd
CY2023Q2 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
CY2024Q2 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
CY2024Q2 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
CY2023Q2 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
CY2023Q4 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2024Q2 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2024Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
68000000 usd
CY2024Q2 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
13000000 usd
CY2023Q2 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
CY2024Q2 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8132000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
117000000 usd
CY2023Q2 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
7000000 usd
CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
69000000 usd
CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
72000000 usd
CY2023Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10282000000 usd
us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
17000000 usd
us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
22000000 usd
CY2024Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
11491000000 usd
CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
69000000 usd
CY2023Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10327000000 usd
CY2024Q1 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8100000000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
117000000 usd
CY2023Q1 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8091000000 usd
CY2023Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
131000000 usd
CY2024Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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CY2023Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8143000000 usd
CY2023Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-10000000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
118000000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8063000000 usd
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-11000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8132000000 usd
CY2024Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
117000000 usd
CY2023Q4 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2024Q2 trv Percent Of Fixed Maturities For Which Pricing Service Estimates Fair Value
PercentOfFixedMaturitiesForWhichPricingServiceEstimatesFairValue
0.99
CY2024Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
68000000 usd
CY2023Q1 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
9483000000 usd
CY2023Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
77000000 usd
CY2023Q2 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
7000000 usd
CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
12000000 usd
CY2023Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10327000000 usd
CY2023Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10282000000 usd
CY2022Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
8922000000 usd
us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
17000000 usd
us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
25000000 usd
CY2023Q2 trv Contractholder Receivables Loss On Uncollectible Accounts In Period
ContractholderReceivablesLossOnUncollectibleAccountsInPeriod
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us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
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CY2024Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
11491000000 usd
CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2024Q1 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
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8100000000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
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117000000 usd
CY2023Q1 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
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8091000000 usd
CY2023Q1 us-gaap Reinsurance Recoverables Allowance
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131000000 usd
CY2023Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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CY2023Q4 us-gaap Reinsurance Recoverables Allowance
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ReinsuranceRecoverablesOnPaidAndUnpaidLosses
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CY2022Q4 us-gaap Reinsurance Recoverables Allowance
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us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
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CY2024Q1 trv Contractholder Receivables
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3266000000 usd
CY2024Q2 trv Contractholder Receivables
ContractholderReceivables
3274000000 usd
CY2024Q2 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
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ContractholderReceivablesCreditLossExpenseReversal
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CY2024Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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PremiumsReceivableAtCarryingValue
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CY2023Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2024Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
11491000000 usd
CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2023Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
10327000000 usd
CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2023Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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CY2022Q4 us-gaap Premiums Receivable At Carrying Value
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CY2022Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
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us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
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CY2024Q2 us-gaap Premiums Receivable At Carrying Value
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CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
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PremiumsReceivableAtCarryingValue
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CY2023Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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CY2024Q1 us-gaap Reinsurance Recoverables Allowance
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CY2023Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
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CY2023Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
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ReinsuranceRecoverablesAllowance
118000000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
8063000000 usd
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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CY2024Q1 trv Contractholder Receivables Allowance For Credit Loss
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CY2023Q1 trv Contractholder Receivables Allowance For Credit Loss
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CY2024Q2 trv Contractholder Receivables
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CY2024Q2 trv Contractholder Receivables Allowance For Credit Loss
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CY2023Q2 trv Contractholder Receivables
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trv Contractholder Receivables Credit Loss Expense Reversal
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CY2024Q2 trv Contractholder Receivables Allowance For Credit Loss
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CY2023Q2 us-gaap Reinsurance Recoverables Allowance
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CY2023Q4 us-gaap Reinsurance Recoverables Allowance
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CY2023Q2 trv Contractholder Receivables
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CY2023Q2 trv Contractholder Receivables Allowance For Credit Loss
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CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q2 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
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CY2023Q1 trv Contractholder Receivables
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CY2024Q2 trv Contractholder Receivables
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CY2024Q2 trv Contractholder Receivables Allowance For Credit Loss
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CY2023Q2 trv Contractholder Receivables
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3449000000 usd
CY2023Q4 trv Contractholder Receivables
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3249000000 usd
CY2022Q4 trv Contractholder Receivables
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CY2023Q2 trv Contractholder Receivables Allowance For Credit Loss
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CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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121000000 usd
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3266000000 usd
CY2024Q1 trv Contractholder Receivables Allowance For Credit Loss
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19000000 usd
CY2023Q1 trv Contractholder Receivables
ContractholderReceivables
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CY2023Q1 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
19000000 usd
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CY2023Q2 trv Contractholder Receivables Allowance For Credit Loss
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20000000 usd
CY2023Q4 trv Contractholder Receivables
ContractholderReceivables
3249000000 usd
CY2022Q4 trv Contractholder Receivables Allowance For Credit Loss
ContractholderReceivablesAllowanceForCreditLoss
17000000 usd
trv Contractholder Receivables Credit Loss Expense Reversal
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3000000 usd
trv Contractholder Receivables Loss On Uncollectible Accounts In Period
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CY2023Q2 trv Contractholder Receivables Allowance For Credit Loss
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20000000 usd
CY2023Q4 us-gaap Goodwill
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CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
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408000000 usd
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263000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
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145000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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226000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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263000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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304000000 usd
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253000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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530000000 usd
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CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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us-gaap Treasury Stock Value Acquired Cost Method
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500000000 usd
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
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211.22
us-gaap Treasury Stock Acquired Average Cost Per Share
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214.22
CY2024Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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12170 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
700000 shares
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q2 trv Contractholder Receivables
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CY2023Q2 trv Contractholder Receivables Allowance For Credit Loss
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20000000 usd
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263000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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226000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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226000000 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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634000000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
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371000000 usd
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304000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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253000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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51000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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530000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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277000000 usd
CY2024Q2 us-gaap Liability For Claims And Claims Adjustment Expense
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63857000000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
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<div style="margin-bottom:6pt"><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></div><div style="margin-bottom:10pt"><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><td style="width:72.291%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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%">Six Months Ended June 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><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%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><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%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;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="padding:0 1pt"></td><td style="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%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">61,621</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="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%">58,643 </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">7,817</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">7,790 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 beginning of year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;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%">53,804</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 #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;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%">50,853 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;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%">14,213</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 #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;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%">13,260 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(232)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(118)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">13,981</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">13,142 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 payments for claims arising in:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;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:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;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:#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%">Current year</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">3,953</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">3,898 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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%">Prior years</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,750</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><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,466 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 payments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">11,703</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">11,364 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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%">Unrealized foreign exchange (gain) loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(75)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">104 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 end of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">56,007</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">52,735 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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%">Plus reinsurance recoverables on unpaid losses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,845</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><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,829 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 reserves at end of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;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%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">63,852</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;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%">60,564 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1100000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2300000 shares
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
250000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 usd
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
211.22
CY2023Q4 us-gaap Goodwill
Goodwill
3976000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
408000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
634000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
530000000 usd
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1100000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2300000 shares
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
250000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 usd
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
211.22
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
214.22
CY2024Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12170 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
700000 shares
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5540000000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
534000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-14000000 usd
us-gaap Net Income Loss
NetIncomeLoss
1657000000 usd
CY2024Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
63857000000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
61627000000 usd
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1100000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2300000 shares
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
250000000 usd
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
211.22
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
214.22
CY2024Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12170 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
700000 shares
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
141000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5540000000 usd
us-gaap Net Income Loss
NetIncomeLoss
1657000000 usd
us-gaap Net Income Loss
NetIncomeLoss
961000000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
529000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1644000000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228800000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229700000 shares
CY2024Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
63857000000 usd
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-bottom:6pt"><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></div><div style="margin-bottom:10pt"><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><td style="width:72.291%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.622%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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%">Six Months Ended June 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><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%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><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%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;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="padding:0 1pt"></td><td style="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%">$</span></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">61,621</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="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%">58,643 </span></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">7,817</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">7,790 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 beginning of year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;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%">53,804</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 #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;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%">50,853 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;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%">14,213</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 #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;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%">13,260 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(232)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(118)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">13,981</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">13,142 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 payments for claims arising in:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;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:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;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:#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%">Current year</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">3,953</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">3,898 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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%">Prior years</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,750</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><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,466 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 payments</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">11,703</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">11,364 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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%">Unrealized foreign exchange (gain) loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(75)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">104 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 end of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">56,007</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><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">52,735 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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%">Plus reinsurance recoverables on unpaid losses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,845</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><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">7,829 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 reserves at end of period</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;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%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">63,852</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;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%">60,564 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1100000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2300000 shares
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
250000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 usd
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
211.22
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
214.22
CY2024Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12170 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
700000 shares
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5540000000 usd
us-gaap Net Income Loss
NetIncomeLoss
961000000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
13000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1644000000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228600000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
214.22
CY2024Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12170 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
700000 shares
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
141000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5540000000 usd
us-gaap Net Income Loss
NetIncomeLoss
1657000000 usd
us-gaap Net Income Loss
NetIncomeLoss
961000000 usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5000000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
13000000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
529000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-15000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1644000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1644000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
954000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
954000000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229700000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2900000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000.0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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