| Schedule III |
Supplementary Insurance Information
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Schedule III | | At December 31, 2025, 2024 | | | | | | | | | | | | | | | | | | Segment (in millions) | | Deferred Policy Acquisition Costs | Liability for Unpaid
Losses and Loss
Adjustment Expenses,
Future Policy Benefits | | Unearned
Premiums | | Policy and
Contract Claims | | 2025 | | | | | | | | | | North America Commercial | $ | 454 | | $ | 39,171 | | $ | 6,185 | | $ | — | | | International Commercial | | 582 | | | 18,208 | | | 6,313 | | | — | | | Global Personal | | 1,069 | | | 7,908 | | | 5,350 | | | — | | Other Operations(a) | | 1 | | | 6,764 | | | 143 | | | — | | | $ | 2,106 | | $ | 72,051 | | $ | 17,991 | | $ | — | | | 2024 | | | | | | | | | | North America Commercial | $ | 379 | | $ | 39,619 | | $ | 5,936 | | $ | — | | | International Commercial | | 718 | | | 16,208 | | | 5,773 | | | — | | | Global Personal | | 1,063 | | | 7,899 | | | 5,340 | | | — | | Other Operations(a) | | (95) | | | 6,759 | | | 183 | | | 31 | | | $ | 2,065 | | $ | 70,485 | | $ | 17,232 | | $ | 31 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the years ended December 31, 2025, 2024, and 2023 | | | | | | | | | | | | | | Segment (in millions) | | Premiums | | Net
Investment
Income | Losses and
Loss Expenses
Incurred | Amortization of
Deferred Policy
Acquisition Costs | | Other
Operating
Expenses | | Net Premiums Written | | 2025 | | | | | | | | | | | | | | North America Commercial | $ | 8,626 | | $ | (b) | $ | 5,466 | | $ | 862 | | $ | 1,154 | | $ | 8,759 | | | International Commercial | | 8,580 | | | (b) | | 4,781 | | | 1,088 | | | 1,593 | | | 8,663 | | | Global Personal | | 6,472 | | | (b) | | 3,721 | | | 1,407 | | | 1,274 | | | 6,253 | | Other Operations(a) | | 73 | | | 782 | | | 194 | | | 14 | | | 1,032 | | | (2) | | | $ | 23,751 | | $ | 4,215 | | $ | 14,162 | | $ | 3,371 | | $ | 5,053 | | $ | 23,673 | | | 2024 | | | | | | | | | | | | | | North America Commercial | $ | 8,172 | | $ | (b) | $ | 5,713 | | $ | 824 | | $ | 1,087 | | $ | 8,452 | | | International Commercial | | 8,145 | | | (b) | | 4,463 | | | 1,018 | | | 1,437 | | | 8,364 | | | Global Personal | | 7,140 | | | (b) | | 3,862 | | | 1,571 | | | 1,565 | | | 7,086 | | Other Operations(a) | | 80 | | | 1,195 | | | 529 | | | 12 | | | 1,440 | | | — | | | $ | 23,537 | | $ | 4,255 | | $ | 14,567 | | $ | 3,425 | | $ | 5,529 | | $ | 23,902 | | | 2023 | | | | | | | | | | | | | | North America Commercial | $ | 10,233 | | $ | (b) | $ | 6,323 | | $ | 1,371 | | $ | 1,184 | | $ | 11,432 | | | International Commercial | | 7,964 | | | (b) | | 4,641 | | | 943 | | | 1,378 | | | 8,168 | | | Global Personal | | 6,894 | | | (b) | | 3,811 | | | 1,309 | | | 1,782 | | | 7,119 | | Other Operations(a) | | 473 | | | 424 | | | 618 | | | 148 | | | 1,055 | | | 487 | | | $ | 25,564 | | $ | 3,446 | | $ | 15,393 | | $ | 3,771 | | $ | 5,399 | | $ | 27,206 | |
(a)Includes consolidation and elimination entries and reconciling items from adjusted pre-tax income to pre-tax income. See Note 3 to the Consolidated Financial Statements. (b)North America Commercial, International Commercial and Global Personal does not include Net investment income as the investment portfolio results are managed at the General Insurance level. Net investment income for General Insurance were $3,433 million, $3,060 million and $3,022 million for the years ended December 31, 2025, 2024 and 2023, respectively.
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