(U.S. $ in Millions)  

 

Year Ended

December 31, 2024

Year Ended

December 31, 2023

U.S. GAAP Basis:
Total Assets $ 21,374 $ 20,961
Total Equity 6,395 5,963
Gross Premiums Written 6,568 6,587
Net Income 1,080 982
Combined Ratio 90.6% 93.9%
Change in Equity 1 18.4% 19.8%
U.S. Statutory Basis
Statutory Surplus $  5,334 $  4,977
Net Premiums Written to Statutory Surplus 1.1 : 1 1.2 : 1
1 Excludes the impact on equity of dividends and capital items.

 

Gross Premiums Written

$6,568 Million for the Year Ended December 31, 2024

Gross Premiums Written by Major Class

$6,568 Million for the Year Ended December 31, 2024

Gross Premiums Written by US/Non-US

$6,568 Million for the Year Ended December 31, 2024

Gross Premiums Written by Brand

$6,568 Million for the Year Ended December 31, 2024

Investment Portfolio

Total Investments & Cash of $16 Billion at December 31, 2024

  • High-quality portfolio with ample liquidity
  • 93% of fixed income securities rated investment grade