Net Premiums Written to Statutory Surplus
1.1 : 1
Statutory Surplus
5,334
$
U.S. Statutory Basis
Change in Equity 2
18.4%
Combined Ratio
90.6%
Net Income
1,080
Gross Premiums Written
6,568
Total Equity
6,395
Total Assets
21,374
$
U.S. GAAP Basis
Year Ended
December 31, 2024
1 Represents income before income taxes excluding net realized investment gains and losses
2 Excludes the impact on equity of dividends and capital items
(U.S. $ in Millions)
Underwriting Profit
543
1,392
Operating Income Before
Income Taxes 1
0.9 : 1
6,313
$
24.5%
92.1%
1,521
6,600
7,412
23,660
$
Year Ended
December 31, 2025
476
1,393