(U.S. $ in Millions)  

 

Year Ended

December 31, 2023

Year Ended

December 31, 2022

U.S. GAAP Basis:
Total Assets $ 20,960.5 $ 19,325.9
Total Equity 5,963.4 5,301.5
Gross Premiums Written 6,586.7 6,810.0
Net Income 982.0 165.5
Combined Ratio 93.9% 95.9%
Growth in Equity 1 19.8% 4.0%
Debt to Total Capital 0.0% 0.0%
U.S. Statutory Basis
Statutory Surplus $  4,976.6 $  4,269.5
Net Premiums Written to Statutory Surplus 1.2:1 1.4:1
1 Excludes the impact on equity of dividends and capital items.

 

Gross Premiums Written

$6,587 Million for the Year Ended December 31, 2023

Gross Premiums Written by Major Class

$6,587 Million for the Year Ended December 31, 2023

Gross Premiums Written by US/Non-US

$6,587 Million for the Year Ended December 31, 2023

Gross Premiums Written by Brand

$6,587 Million for the Year Ended December 31, 2023

Investment Portfolio

Total Investments & Cash of $15.1 Billion at December 31, 2023

  • High-quality portfolio with ample liquidity
  • 94% of fixed income securities rated investment grade