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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Property and casualty insurance net earned premiums $ 1,546 $ 1,437
Net investment income 198 217
Realized gains (losses) on securities 14 (46)
Income of managed investment entities:    
Investment income 99 104
Gain (loss) on change in fair value of assets/liabilities 10 (4)
Other income 39 32
Total revenues 1,906 1,740
Property and casualty insurance:    
Commissions and other underwriting expenses 503 473
Interest charges on borrowed money 19 19
Expenses of managed investment entities 92 95
Other expenses 76 69
Total costs and expenses 1,602 1,476
Earnings before income taxes 304 264
Provision for income taxes 62 52
Net Earnings $ 242 $ 212
Earnings per Common Share:    
Total basic earnings (USD per share) $ 2.89 $ 2.49
Total diluted earnings (USD per share) $ 2.89 $ 2.49
Average number of Common Shares:    
Basic (shares) 83.7 85.2
Diluted (shares) 83.8 85.4
Property and casualty insurance    
Property and casualty insurance:    
Losses and loss adjustment expenses $ 912 $ 820