Incurred losses and allocated loss adjustment expenses, undiscounted and net of reinsurance

Breakdown

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
U.S. Property and Special Risks	$4.17B	$4.21B	$4.18B	$4.19B	$27.21B
UK/Europe and Japan Personal Insurance	—	$2.32B	$2.32B	$2.31B	$17.83B
U.S. Financial Lines	$2.28B	$2.33B	$2.32B	$2.32B	$15.34B
UK/Europe Casualty and Financial lines	—	$1.7B	$1.74B	$1.83B	$14.6B
UK/Europe Property and Special Risks	—	$1.66B	$1.66B	$1.65B	$12.97B
U.S. Personal Insurance	$1.94B	$1.94B	$1.92B	$1.93B	$10.8B
U.S. Other Casualty	—	$1.29B	$1.3B	$1.26B	$8.69B
U.S. Excess Casualty	$1.25B	$1.26B	$1.28B	$1.32B	$6.22B
U.S. Workers' Compensation (before discount)	$1.08B	$1.04B	$1.03B	$986M	$6.08B
Total	—	—	—	—	—

U.S. Workers' Compensation (before discount)View metric

U.S. Excess CasualtyView metric

U.S. Other CasualtyView metric

U.S. Financial LinesView metric

U.S. Property and Special RisksView metric

U.S. Personal InsuranceView metric

UK/Europe Casualty and Financial linesView metric

UK/Europe Property and Special RisksView metric

UK/Europe and Japan Personal InsuranceView metric