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Retroactive reinsurance contracts (Tables) | 12 Months Ended
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Dec. 31, 2023
Insurance [Abstract] |
Reconciliation of changes in claim liabilities and incurred losses and loss adjustment expenses | Reconciliations of the changes in estimated liabilities for retroactive reinsurance unpaid losses and loss adjustment expenses for each of the three years ended December 31, 2023 follow (in millions).
| 2023 |  |  | 2022 |  |  | 2021 |
Balance at the beginning of the year | $ | 35,415 |  |  | $ | 37,855 |  |  | $ | 40,623 |
Incurred losses and loss adjustment expenses: |  |  |  |  |  |  |  |
Current year contracts |  | — |  |  |  | — |  |  |  | 153 |
Prior years’ contracts |  | 1,109 |  |  |  | 86 |  |  |  | (974 | )
Total |  | 1,109 |  |  |  | 86 |  |  |  | (821 | )
Paid losses and loss adjustment expenses |  | (1,934 | ) |  |  | (2,358 | ) |  |  | (1,889 | )
Foreign currency effect |  | 57 |  |  |  | (168 | ) |  |  | (58 | )
Balance at December 31 | $ | 34,647 |  |  | $ | 35,415 |  |  | $ | 37,855 |
Incurred losses and loss adjustment expenses above | $ | 1,109 |  |  | $ | 86 |  |  | $ | (821 | )
Deferred charge amortization and adjustments |  | 375 |  |  |  | 769 |  |  |  | 1,802 |
Incurred losses and loss adjustment expenses included in the Consolidated Statements of Earnings | $ | 1,484 |  |  | $ | 855 |  |  | $ | 981 |

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- Definition Schedule of liability for unpaid claims and claims adjustment expense and incurred losses and loss adjustment expenses retroactive reinsurance contracts. + References No definition available. + Details
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Balance Type: | na
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
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Period Type: | duration