Fixed maturity securities (amortized cost of 26,265,637 and 25,170,368 allowance for expected credit losses of 440 and 74 at june30, 2026 and december31, 2025, respectively)
25,899,992
25,508,409
25,047,662
24,947,949
Investment funds
1,431,427
1,398,022
1,361,802
1,430,991
Real estate
1,350,849
1,303,741
1,279,748
1,305,299
Equity securities
1,502,237
1,469,651
-
1,382,432
Arbitrage trading account
-
1,164,872
1,221,103
1,070,304
Equity securities
-
-
1,358,201
-
Arbitrage trading account
1,292,382
-
-
-
Loans receivable (net of allowance for expected credit losses of 0 and 161 at june30, 2026 and december31, 2025, respectively)
265,644
441,160
418,913
326,855
Total investments
31,742,531
31,285,855
30,687,429
30,463,830
Cash and cash equivalents
2,606,530
2,280,934
2,539,938
2,404,019
Premiums and fees receivable (net of allowance for expected credit losses of 41,421 and 42,006 at june30, 2026 and december31, 2025, respectively)
3,755,577
3,470,776
3,417,112
3,535,372
Due from reinsurers (net of allowance for expected credit losses of 6,808 and 6,378 at june30, 2026 and december31, 2025, respectively)
3,643,933
3,551,097
3,543,013
3,472,067
Deferred policy acquisition costs
1,044,777
1,012,807
1,000,691
1,030,935
Prepaid reinsurance premiums
946,151
870,765
881,831
884,637
Trading account receivables from brokers and clearing organizations
3,139
8,690
11,669
113,330
Property, furniture and equipment
566,952
567,116
596,235
492,800
Goodwill
184,332
184,332
184,332
184,332
Accrued investment income
264,222
246,022
255,199
248,860
Current federal and foreign income taxes
-
-
2,732
-
Deferred federal and foreign income taxes
-
-
141,496
-
Current and deferred federal and foreign income taxes
64,670
-
-
0
Other assets
854,299
837,159
809,394
885,035
Total assets
45,677,113
44,315,553
44,071,071
43,715,217
Reserves for losses and loss expenses
23,182,240
22,616,260
22,207,773
21,757,035
Unearned premiums
7,099,475
6,776,750
6,721,570
6,910,056
Due to reinsurers
646,261
627,760
615,781
626,193
Trading account securities sold but not yet purchased
6,576
33
66,285
34,509
Current federal and foreign income taxes
-
-
83,373
-
Current and deferred federal and foreign income taxes
0
76,199
99,873
23,485
Other liabilities
2,059,148
1,626,900
1,010,527
1,719,078
Subordinated debentures
1,010,887
1,010,707
1,724,797
1,010,347
Senior notes and other debt
1,829,445
1,830,328
1,829,198
1,829,511
Total liabilities
35,834,032
34,564,937
34,359,177
33,910,214
Perferred stock, par value .10 per share authorized 5,000,000 shares issued and outstanding - none
0
0
0
0
Common stock, par value .20 per share authorized 500,000,000 shares, issued and outstanding, net of treasury shares, 177,930,502 and 183,411,907 shares, respectively
158,705
158,705
158,705
158,705
Additional paid-in capital
1,015,222
1,000,375
987,708
981,817
Retained earnings
14,055,344
13,825,717
13,344,204
13,306,597
Accumulated other comprehensive loss
-640,007
-601,277
-451,097
-506,156
Treasury stock, at cost, 422,464,027 and 416,366,010 shares, respectively
4,756,025
4,643,970
4,338,702
4,142,071
Total stockholders equity
9,833,239
9,739,550
9,700,818
9,798,892
Noncontrolling interests
9,842
11,066
11,076
6,111
Total equity
9,843,081
9,750,616
9,711,894
9,805,003
Total liabilities and equity
45,677,113
44,315,553
44,071,071
43,715,217
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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