Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule Of Underwriting Results For Operating Segments

Three Months Ended September 30, 2022

Nine Months Ended September 30, 2022

(Dollars in millions)

Reinsurance

Insurance

Total 

Reinsurance

Insurance

Total 

Gross written premiums

$

1,681

$

905

$

2,585

$

4,454

$

2,773

$

7,227

Net written premiums

1,506

722

2,228

3,936

2,083

6,019

Premiums earned

$

1,398

$

706

$

2,104

$

3,902

$

1,985

$

5,887

Incurred losses and LAE

1,531

564

2,094

3,227

1,398

4,624

Commission and brokerage

337

85

423

985

231

1,216

Other underwriting expenses

33

94

127

97

269

365

Underwriting gain (loss)

$

(504)

$

(37)

$

(541)

$

(406)

$

87

$

(319)

Net investment income

124

457

Net gains (losses) on investments

(237)

(842)

Corporate expense

(5)

(17)

Interest, fee and bond issue cost amortization expense

(26)

(74)

Other income (expense) 

7

(2)

Income (loss) before taxes

$

(677)

$

(796)

(Some amounts may not reconcile due to rounding)

Three Months Ended September 30, 2021

Nine Months Ended September 30, 2021

(Dollars in millions)

Reinsurance

Insurance

Total 

Reinsurance

Insurance

Total 

Gross written premiums

$

1,693

$

831

$

2,524

$

4,552

$

2,422

$

6,974

Net written premiums

1,461

608

2,069

3,961

1,802

5,763

Premiums earned

$

1,280

$

571

$

1,851

$

3,690

$

1,625

$

5,315

Incurred losses and LAE

1,208

445

1,653

2,917

1,185

4,103

Commission and brokerage

320

69

389

935

190

1,126

Other underwriting expenses

32

77

110

101

228

329

Underwriting gain (loss)

$

(279)

$

(21)

$

(300)

$

(264)

$

22

$

(243)

Net investment income

197

593

Net gains (losses) on investments

(51)

267

Corporate expense

(11)

(23)

Interest, fee and bond issue cost amortization expense

(16)

(47)

Other income (expense) 

10

12

Income (loss) before taxes

$

(171)

$

560

(Some amounts may not reconcile due to rounding)

Schedule Of Gross Written Premium Derived From Largest Non-U.S. Market

Three Months Ended

Nine Months Ended

September 30,

September 30,

(Dollars in millions)

2022

2021

2022

2021

Canada gross written premiums

$

103

$

60

$

252

$

164