Net Premiums Written to Statutory Surplus (Annualized)
1.1 : 1
1.2 : 1
Statutory Surplus
5,334
$
4,977
$
U.S. Statutory Basis
Change in Equity 2
18.4%
19.8%
Combined Ratio
90.6%
93.9%
Net Income
1,080
982
Gross Premiums Written
6,568
6,587
Total Equity
6,395
5,963
Total Assets
21,374
$
20,961
$
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)
Year Ended
December 31, 2023
Underwriting Profit
543
365
1,392
973
Operating Income Before
Income Taxes 1