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Consolidated Statement of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Property and casualty insurance net earned premiums $ 6,531 $ 6,085 $ 5,404
Net investment income 742 717 730
Realized gains (losses) on:      
Securities (36) (116) 110
Realized gains (losses) on subsidiaries (4) 0 4
Income of managed investment entities:      
Investment income 421 268 181
Gain (loss) on change in fair value of assets/liabilities 27 (31) 10
Other income 146 117 113
Total revenues 7,827 7,040 6,552 Close
Costs and Expenses:      
Losses and loss adjustment expenses 4,033 3,629 3,157
Commissions and other underwriting expenses 1,935 1,718 1,547
Interest charges on borrowed money 76 85 94
Expenses of managed investment entities 405 230 155
Other expenses 305 255 264
Total costs and expenses 6,754 5,917 5,217 Close
Earnings from continuing operations before income taxes 1,073 1,123 1,335 Close
Provision for income taxes 221 225 254 Close
Net earnings from continuing operations 852 898 1,081
Net earnings from discontinued operations 0 0 914 Close
Net Earnings $ 852 $ 898 $ 1,995 Close
Earnings per Basic Common Share from:      
Basic (USD per share) from continuing operations $ 10.06 $ 10.55 $ 12.70
Basic (USD per share) from discontinued operations 0 0 10.74
Basic (USD per share) 10.06 10.55 23.44
Earnings per Diluted Common Share:      
Diluted (USD per share) from continuing operations 10.05 10.53 12.62
Diluted (USD per share) from discontinued operations 0 0 10.68
Diluted (USD per share) $ 10.05 $ 10.53 $ 23.30
Average number of Common Shares:      
Basic (shares) 84.7 85.1 85.1
Diluted (shares) 84.8 85.3 85.6