2024 Q3 Form 10-Q Financial Statement

#000001154424000024 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.400B $3.314B
YoY Change 12.2% 10.62%
Cost Of Revenue $1.826B $1.781B
YoY Change 11.6% 13.44%
Gross Profit $1.574B $1.533B
YoY Change 12.91% 7.51%
Gross Profit Margin 46.3% 46.27%
Selling, General & Admin $11.23M $11.33M
YoY Change -64.18% -66.76%
% of Gross Profit 0.71% 0.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.894B $2.795B
YoY Change 11.28% 11.99%
Operating Profit -$1.320B -$1.261B
YoY Change 9.4% 17.96%
Interest Expense -$31.72M -$31.71M
YoY Change -199.47% -199.54%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $474.4M $487.7M
YoY Change 12.98% 6.67%
Income Tax $109.1M $115.8M
% Of Pretax Income 23.0% 23.74%
Net Earnings $365.6M $371.9M
YoY Change 9.61% 4.38%
Net Earnings / Revenue 10.75% 11.22%
Basic Earnings Per Share $0.92 $0.93
Diluted Earnings Per Share $0.91 $0.92
COMMON SHARES
Basic Shares Outstanding 380.6M shares 255.7M shares
Diluted Shares Outstanding 401.8M shares 403.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.573B $1.580B
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 $478.4M $477.0M
YoY Change 13.01% 13.3%
Goodwill $184.1M $184.1M
YoY Change 5.44% 5.44%
Intangibles
YoY Change
Long-Term Investments $1.607B $1.589B
YoY Change 0.43% -0.32%
Other Assets $131.2M $220.1M
YoY Change -54.97% -29.87%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $40.36B $38.91B
YoY Change 11.76% 10.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $224.8M $231.1M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $224.8M $231.1M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.837B $2.838B
YoY Change 0.02% 0.07%
Other Long-Term Liabilities $1.486B $1.424B
YoY Change -3.84% 5.61%
Total Long-Term Liabilities $4.323B $4.261B
YoY Change -1.34% 1.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $224.8M $231.1M
Total Long-Term Liabilities $4.323B $4.261B
Total Liabilities $31.92B $31.12B
YoY Change 9.38% 9.59%
SHAREHOLDERS EQUITY
Retained Earnings $11.91B $11.67B
YoY Change 10.27% 9.84%
Common Stock $1.132B $1.146B
YoY Change 1.58% 1.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.012B $4.008B
YoY Change 9.12% 8.84%
Treasury Stock Shares
Shareholders Equity $8.426B $7.774B
YoY Change
Total Liabilities & Shareholders Equity $40.36B $38.91B
YoY Change 11.76% 10.2%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $365.6M $371.9M
YoY Change 9.61% 4.38%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.241B $881.3M
YoY Change 15.2% 24.35%
INVESTING ACTIVITIES
Capital Expenditures $35.41M $38.04M
YoY Change 44.44% 79.12%
Acquisitions
YoY Change
Other Investing Activities -$1.070B -$49.16M
YoY Change -11.65% -122.4%
Cash From Investing Activities -$1.105B -$87.20M
YoY Change -10.54% -143.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -153.8M -378.4M
YoY Change 573.29% 18.15%
NET CHANGE
Cash From Operating Activities 1.241B 881.3M
Cash From Investing Activities -1.105B -87.20M
Cash From Financing Activities -153.8M -378.4M
Net Change In Cash -18.17M 415.7M
YoY Change -89.97% -29.14%
FREE CASH FLOW
Cash From Operating Activities $1.241B $881.3M
Capital Expenditures $35.41M $38.04M
Free Cash Flow $1.205B $843.3M
YoY Change 14.52% 22.66%

Facts In Submission

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64664000 usd
CY2024Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
217000 usd
CY2023Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-98000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
1210000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-88000 usd
CY2024Q2 wrb Real Estate Realized Gain Loss On Disposal
RealEstateRealizedGainLossOnDisposal
-1958000 usd
CY2023Q2 wrb Real Estate Realized Gain Loss On Disposal
RealEstateRealizedGainLossOnDisposal
-55449000 usd
wrb Real Estate Realized Gain Loss On Disposal
RealEstateRealizedGainLossOnDisposal
-4174000 usd
wrb Real Estate Realized Gain Loss On Disposal
RealEstateRealizedGainLossOnDisposal
-44710000 usd
CY2024Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 usd
CY2023Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-51099000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-4613000 usd
us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-105696000 usd
us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-20028000 usd
CY2024Q2 wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
-60306000 usd
CY2023Q2 wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
68647000 usd
wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
-48803000 usd
wrb Realized Gain Losson Investments Including Equity Method Investments Excluding Otherthan Temporary Impairmentsand Allowances
RealizedGainLossonInvestmentsIncludingEquityMethodInvestmentsExcludingOtherthanTemporaryImpairmentsandAllowances
91258000 usd
CY2024Q2 wrb Debt Securities Allowancefor Credit Loss Period Increase Decrease
DebtSecuritiesAllowanceforCreditLossPeriodIncreaseDecrease
998000 usd
CY2023Q2 wrb Debt Securities Allowancefor Credit Loss Period Increase Decrease
DebtSecuritiesAllowanceforCreditLossPeriodIncreaseDecrease
-7052000 usd
wrb Debt Securities Allowancefor Credit Loss Period Increase Decrease
DebtSecuritiesAllowanceforCreditLossPeriodIncreaseDecrease
14879000 usd
wrb Debt Securities Allowancefor Credit Loss Period Increase Decrease
DebtSecuritiesAllowanceforCreditLossPeriodIncreaseDecrease
-6835000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
796000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-2941000 usd
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
1191000 usd
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-2759000 usd
CY2024Q2 wrb Investments Allowancefor Credit Loss Period Increase Decrease
InvestmentsAllowanceforCreditLossPeriodIncreaseDecrease
1794000 usd
CY2023Q2 wrb Investments Allowancefor Credit Loss Period Increase Decrease
InvestmentsAllowanceforCreditLossPeriodIncreaseDecrease
-9993000 usd
wrb Investments Allowancefor Credit Loss Period Increase Decrease
InvestmentsAllowanceforCreditLossPeriodIncreaseDecrease
16070000 usd
wrb Investments Allowancefor Credit Loss Period Increase Decrease
InvestmentsAllowanceforCreditLossPeriodIncreaseDecrease
-9594000 usd
CY2024Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-58512000 usd
CY2023Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
58654000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-32733000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
81664000 usd
CY2024Q2 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
-12401000 usd
CY2023Q2 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
12587000 usd
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
-5769000 usd
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsTax
17437000 usd
CY2024Q2 wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
-46111000 usd
CY2023Q2 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Netof Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsNetofTax
46067000 usd
wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
-26964000 usd
wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Netof Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsNetofTax
64227000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-20640000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-144043000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-109937000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
87978000 usd
CY2024Q2 wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
-7302000 usd
CY2023Q2 wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
-30759000 usd
wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
-26477000 usd
wrb Changein Unrealized Gainlosson Investmentstax
ChangeinUnrealizedGainlossonInvestmentstax
20463000 usd
CY2024Q2 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
-1000 usd
CY2023Q2 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
0 usd
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
-1000 usd
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterest
1000 usd
CY2024Q2 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
-13337000 usd
CY2023Q2 wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
-113284000 usd
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
-83459000 usd
wrb Changein Unrealized Gainlosson Investments Including Portion Attributableto Noncontrolling Interest Netof Tax
ChangeinUnrealizedGainlossonInvestmentsIncludingPortionAttributabletoNoncontrollingInterestNetofTax
67514000 usd
CY2023 wrb Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Impairment
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetImpairment
7601000 usd
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
The table below provides a reconciliation of the beginning and ending reserve balances:<div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:76.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.605%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><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:9pt;font-weight:700;line-height:100%">June 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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:9pt;font-weight:700;line-height:100%;text-decoration:underline">(In thousands)</span></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:9pt;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:9pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net reserves at beginning of period</span></td><td style="background-color:#cceeff;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:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,661,820 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;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:9pt;font-weight:400;line-height:100%">14,248,879 </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="display:none"></td><td colspan="3" style="display:none"></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><td colspan="3" style="display:none"></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><td colspan="3" style="display:none"></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:9pt;font-weight:400;line-height:100%">Net provision for losses and loss expenses:</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Claims occurring during the current year (1)</span></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:9pt;font-weight:400;line-height:100%">3,411,888 </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:9pt;font-weight:400;line-height:100%">3,064,046 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Increase in estimates for claims occurring in prior years (2) (3)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,700 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28,853 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loss reserve discount accretion </span></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:9pt;font-weight:400;line-height:100%">17,786 </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:9pt;font-weight:400;line-height:100%">15,510 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="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:9pt;font-weight:400;line-height:100%">3,444,374 </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 colspan="2" style="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:9pt;font-weight:400;line-height:100%">3,108,409 </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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net payments for claims:</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">383,639 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">375,365 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prior years</span></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:9pt;font-weight:400;line-height:100%">2,205,566 </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:9pt;font-weight:400;line-height:100%">2,019,371 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="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:9pt;font-weight:400;line-height:100%">2,589,205 </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 colspan="2" style="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:9pt;font-weight:400;line-height:100%">2,394,736 </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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign currency translation</span></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:9pt;font-weight:400;line-height:100%">(56,143)</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:9pt;font-weight:400;line-height:100%">5,929 </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="display:none"></td><td colspan="3" style="display:none"></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:9pt;font-weight:400;line-height:100%">Net reserves at end of period</span></td><td colspan="2" style="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:9pt;font-weight:400;line-height:100%">16,460,846 </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 colspan="2" style="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:9pt;font-weight:400;line-height:100%">14,968,481 </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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ceded reserves at end of period</span></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:9pt;font-weight:400;line-height:100%">3,106,344 </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:9pt;font-weight:400;line-height:100%">2,951,515 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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:9pt;font-weight:400;line-height:100%">Gross reserves at end of period</span></td><td style="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:9pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,567,190 </span></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="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:9pt;font-weight:400;line-height:100%">17,919,996 </span></td><td style="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="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:1pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">_______________________________________</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) Claims occurring during the current year are net of loss reserve discounts of $26 million and $22 million for the six months ended June 30, 2024 and 2023, respectively.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2) The change in estimates for claims occurring in prior years is net of loss reserve discount. On an undiscounted basis, the estimates for claims occurring in prior years increased by $7 million and decreased by $6 million for the six months ended June 30, 2024 and 2023, respectively. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3) For certain retrospectively rated insurance policies and reinsurance agreements, reserve development is offset by additional or return premiums. Favorable development, net of additional and return premiums, was $2 million and adverse development was $21 million for the six months ended June 30, 2024 and 2023, respectively.</span></div>
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
15661820000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
14248879000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
3411888000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
3064046000 usd
wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Incurred Claims Adjustment
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseIncurredClaimsAdjustment
-14700000 usd
wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Incurred Claims Adjustment
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseIncurredClaimsAdjustment
-28853000 usd
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Loss Reserve Discount Accretion
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredLossReserveDiscountAccretion
-17786000 usd
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Loss Reserve Discount Accretion
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredLossReserveDiscountAccretion
-15510000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
3444374000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
3108409000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
383639000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
375365000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
2205566000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
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us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
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us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
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wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Foreign Exchange Translation
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseForeignExchangeTranslation
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wrb Liabilityfor Unpaid Claimsand Claims Adjustment Expense Foreign Exchange Translation
LiabilityforUnpaidClaimsandClaimsAdjustmentExpenseForeignExchangeTranslation
5929000 usd
CY2024Q2 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
16460846000 usd
CY2023Q2 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
14968481000 usd
CY2024Q2 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
3106344000 usd
CY2023Q2 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
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CY2024Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
19567190000 usd
CY2023Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
17919996000 usd
CY2024Q2 wrb Workers Compensation Discount Current Year Amount
WorkersCompensationDiscountCurrentYearAmount
26000000 usd
CY2023Q2 wrb Workers Compensation Discount Current Year Amount
WorkersCompensationDiscountCurrentYearAmount
22000000 usd
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Undiscounted Basis Prior Years Increase Decrease
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsUndiscountedBasisPriorYearsIncreaseDecrease
7000000 usd
wrb Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Undiscounted Basis Prior Years Increase Decrease
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsUndiscountedBasisPriorYearsIncreaseDecrease
-6000000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
2000000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
21000000 usd
CY2024Q2 wrb Liabilityfor Claimsand Claims Adjustment Expense Net Of Reinsurance
LiabilityforClaimsandClaimsAdjustmentExpenseNetOfReinsurance
388000000 usd
CY2024Q2 wrb Liabilityfor Claimsand Claims Adjustment Expense Net Of Reinsurance
LiabilityforClaimsandClaimsAdjustmentExpenseNetOfReinsurance
388000000 usd
CY2024Q2 wrb Liability For Claims And Claims Adjustment Expense Net Of Reinsurance Reported Claims Amount
LiabilityForClaimsAndClaimsAdjustmentExpenseNetOfReinsuranceReportedClaimsAmount
385000000 usd
CY2024Q2 wrb Liability For Claims And Claims Adjustment Expense Net Of Reinsurance Incurred But Not Reported Ibnr Claims Amount
LiabilityForClaimsAndClaimsAdjustmentExpenseNetOfReinsuranceIncurredButNotReportedIBNRClaimsAmount
3000000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
2000000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
21000000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
6419537000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
5724317000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
660991000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
661773000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
1102458000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
999751000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
5978070000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
5386339000 usd
CY2024Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
3048872000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
5985516000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
5392712000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
666024000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
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us-gaap Ceded Premiums Earned
CededPremiumsEarned
1040778000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
946214000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
5610762000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
5044159000 usd
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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633194000 usd
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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30660000 usd
us-gaap Premium Receivable Credit Loss Expense Reversal
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2169000 usd
us-gaap Premium Receivable Credit Loss Expense Reversal
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CY2024Q2 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
2240000 usd
CY2023Q2 us-gaap Premium Receivable Credit Loss Expense Reversal
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CY2024Q2 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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CY2023Q4 us-gaap Reinsurance Recoverables Allowance
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CY2022Q4 us-gaap Reinsurance Recoverables Allowance
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us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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1851000 usd
us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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1301000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
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CY2023Q1 us-gaap Reinsurance Recoverables Allowance
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8703000 usd
CY2024Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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1070000 usd
CY2023Q2 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
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662000 usd
CY2024Q2 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
10255000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
25000000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2024Q2 us-gaap Operating Lease Cost
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11326000 usd
us-gaap Operating Lease Cost
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22403000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
20326000 usd
us-gaap Operating Lease Payments
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24596000 usd
us-gaap Operating Lease Payments
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CY2023Q2 wrb Right Of Use Assets Reduced Obtained In Exchange For New Lease Liabilities
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wrb Right Of Use Assets Reduced Obtained In Exchange For New Lease Liabilities
RightOfUseAssetsReducedObtainedInExchangeForNewLeaseLiabilities
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wrb Right Of Use Assets Reduced Obtained In Exchange For New Lease Liabilities
RightOfUseAssetsReducedObtainedInExchangeForNewLeaseLiabilities
7946000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
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190207000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2024Q2 us-gaap Operating Lease Liability
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231128000 usd
CY2023Q2 us-gaap Operating Lease Liability
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191576000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y6M
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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26008000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
45629000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
28576000 usd
CY2024Q2 wrb Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
276702000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45574000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
231128000 usd
us-gaap Number Of Reportable Segments
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2 segment
CY2024Q2 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
-58512000 usd
CY2024Q2 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
-58512000 usd
CY2024Q2 wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
-58512000 usd
CY2024Q2 wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
-46111000 usd
CY2023Q2 wrb Other Revenues
OtherRevenues
198035000 usd
wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
-26964000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
5610762000 usd
us-gaap Net Investment Income
NetInvestmentIncome
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wrb Other Revenues
OtherRevenues
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us-gaap Revenues
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wrb Income Before Income Taxes
IncomeBeforeIncomeTaxes
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us-gaap Net Income Loss
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wrb Realized Gain Losson Marketable Securities Equity Method Investmentsand Other Investments Before Tax
RealizedGainLossonMarketableSecuritiesEquityMethodInvestmentsandOtherInvestmentsBeforeTax
81664000 usd
wrb Marketable Securities Realized Gain Loss Excluding Otherthan Temporary Impairments Netof Tax
MarketableSecuritiesRealizedGainLossExcludingOtherthanTemporaryImpairmentsNetofTax
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us-gaap Premiums Earned Net
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us-gaap Net Investment Income
NetInvestmentIncome
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wrb Other Revenues
OtherRevenues
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us-gaap Revenues
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wrb Income Before Income Taxes
IncomeBeforeIncomeTaxes
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Assets
Assets
38909919000 usd
CY2024Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
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