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Unpaid losses and loss expenses (Tables) | 12 Months Ended
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Dec. 31, 2023
Liability for Claims and Claims Adjustment Expense [Abstract] |
Schedule Of Unpaid Losses And Loss Expenses Roll Forward | Chubb establishes reserves for the estimated unpaid ultimate liability for losses and loss expenses under the terms of its policies and agreements. Reserves include estimates for both claims that have been reported and for IBNR claims, and include estimates of expenses associated with processing and settling these claims. Reserves are recorded in Unpaid losses and loss expenses in the Consolidated balance sheets. While we believe that our reserves for unpaid losses and loss expenses at December 31, 2023, are adequate, new information or trends may lead to future developments in incurred loss and loss expenses significantly greater or less than the reserves provided. Any such revisions could result in future changes in estimates of losses or reinsurance recoverable and would be reflected in our results of operations in the period in which the estimates are changed. The following table presents a reconciliation of beginning and ending Unpaid losses and loss expenses:
| Year Ended December 31
(in millions of U.S. dollars) | 2023 |  | 2022 |  | 2021
Gross unpaid losses and loss expenses, beginning of year | $ | 75,747 |  |  | $ | 72,330 |  |  | $ | 67,192 |
Reinsurance recoverable on unpaid losses (1) | (17,086) |  |  | (16,132) |  |  | (14,576) |
Net unpaid losses and loss expenses, beginning of year | 58,661 |  |  | 56,198 |  |  | 52,616 |
Net losses and loss expenses incurred in respect of losses occurring in: |  |  |  |  |
Current year | 24,956 |  |  | 23,680 |  |  | 21,986 |
Prior years (2) | (856) |  |  | (1,108) |  |  | (956) |
Total | 24,100 |  |  | 22,572 |  |  | 21,030 |
Net losses and loss expenses paid in respect of losses occurring in: |  |  |  |  |
Current year | 8,248 |  |  | 7,331 |  |  | 6,900 |
Prior years | 12,763 |  |  | 12,206 |  |  | 10,048 |
Total | 21,011 |  |  | 19,537 |  |  | 16,948 |
Consolidation of Huatai Group | 405 |  |  | — |  |  | — |
Foreign currency revaluation and other | 83 |  |  | (572) |  |  | (500) |
Net unpaid losses and loss expenses, end of year | 62,238 |  |  | 58,661 |  |  | 56,198 |
Reinsurance recoverable on unpaid losses (1) | 17,884 |  |  | 17,086 |  |  | 16,132 |
Gross unpaid losses and loss expenses, end of year | $ | 80,122 |  |  | $ | 75,747 |  |  | $ | 72,330 |
(1) Net of valuation allowance for uncollectible reinsurance. (2) Relates to prior period loss reserve development only and excludes prior period development related to reinstatement premiums, expense adjustments, earned premiums, and A&H long-duration lines totaling $83 million, $232 million, and $30 million for 2023, 2022, and 2021, respectively.
Reconciliation of Claims Development to Liability [Table Text Block] | The following table presents a reconciliation of the loss development tables to the liability for unpaid losses and loss expenses in the consolidated balance sheet:
Reconciliation of Reserve Balances to Liability for Unpaid Loss and Loss Expenses
(in millions of U.S. dollars) |  | December 31, 2023
Presented in the loss development tables: |  |
North America Commercial P&C Insurance — Workers' Compensation |  | $ | 10,159 |
North America Commercial P&C Insurance — Liability |  | 21,092 |
North America Commercial P&C Insurance — Other Casualty |  | 2,596 |
North America Commercial P&C Insurance — Non-Casualty |  | 3,203 |
North America Personal P&C Insurance |  | 3,550 |
Overseas General Insurance — Casualty |  | 8,157 |
Overseas General Insurance — Non-Casualty |  | 3,515 |
Global Reinsurance — Casualty |  | 1,240 |
Global Reinsurance — Non-Casualty |  | 411 |
Excluded from the loss development tables: |  |
Other |  | 6,286 |
Net unpaid loss and allocated loss adjustment expense |  | 60,209 |
Ceded unpaid loss and allocated loss adjustment expense: |  |
North America Commercial P&C Insurance — Workers' Compensation |  | 1,190 |
North America Commercial P&C Insurance — Liability |  | 7,427 |
North America Commercial P&C Insurance — Other Casualty |  | 1,064 |
North America Commercial P&C Insurance — Non-Casualty |  | 1,673 |
North America Personal P&C Insurance |  | 577 |
Overseas General Insurance — Casualty |  | 2,527 |
Overseas General Insurance — Non-Casualty |  | 1,736 |
Global Reinsurance — Casualty |  | 80 |
Global Reinsurance — Non-Casualty |  | 101 |
Other |  | 1,781 |
Ceded unpaid loss and allocated loss adjustment expense |  | 18,156 |
Unpaid unallocated loss adjustment expenses |  | 1,757 |
Unpaid losses and loss expenses |  | $ | 80,122 |
Claims Development tables [Table Text Block] | North America Commercial P&C Insurance — Workers' Compensation — Long-tail This product line has a broad mix of exposures across industries as well as a mix of policy coverages. Types of coverage include risk management business predominantly with high deductible policies, loss sensitive business (i.e., retrospectively-rated policies), business fronted for captives, as well as excess and primary guaranteed cost coverages. The triangle below shows all loss and allocated expense development for the workers' compensation product line. In our prior period development disclosure, we exclude any loss development where there is a directly related premium adjustment. For workers' compensation, changes in the exposure base due to payroll audits will drive changes in ultimate losses. In addition, we record involuntary pool assumptions (premiums and losses) on a lagged basis. Both of these items will influence the development in the triangle, particularly the first prior accident year, and are included in the reconciliation table presented on page F-66.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  |  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves |  | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 1,207 |  |  | $ | 1,201 |  |  | $ | 1,217 |  |  | $ | 1,215 |  |  | $ | 1,163 |  |  | $ | 1,100 |  |  | $ | 1,073 |  |  | $ | 1,037 |  |  | $ | 1,007 |  |  | $ | 983 |  |  | $ | 236 |  |  | 45 |
2015 |  |  | 1,282 |  |  | 1,259 |  |  | 1,276 |  |  | 1,279 |  |  | 1,217 |  |  | 1,154 |  |  | 1,128 |  |  | 1,092 |  |  | 1,057 |  |  | 286 |  |  | 50 |
2016 |  |  |  |  | 1,366 |  |  | 1,361 |  |  | 1,383 |  |  | 1,378 |  |  | 1,269 |  |  | 1,206 |  |  | 1,177 |  |  | 1,162 |  |  | 354 |  |  | 51 |
2017 |  |  |  |  |  |  | 1,412 |  |  | 1,380 |  |  | 1,399 |  |  | 1,393 |  |  | 1,376 |  |  | 1,176 |  |  | 1,121 |  |  | 402 |  |  | 50 |
2018 |  |  |  |  |  |  |  |  | 1,359 |  |  | 1,361 |  |  | 1,380 |  |  | 1,385 |  |  | 1,384 |  |  | 1,221 |  |  | 435 |  |  | 51 |
2019 |  |  |  |  |  |  |  |  |  |  | 1,391 |  |  | 1,384 |  |  | 1,400 |  |  | 1,409 |  |  | 1,406 |  |  | 611 |  |  | 48 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 1,367 |  |  | 1,388 |  |  | 1,409 |  |  | 1,408 |  |  | 756 |  |  | 31 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,348 |  |  | 1,330 |  |  | 1,372 |  |  | 708 |  |  | 35 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,344 |  |  | 1,407 |  |  | 835 |  |  | 38 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,371 |  |  | 992 |  |  | 33 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 12,508 |  |  |  |  |
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 113 |  |  | $ | 295 |  |  | $ | 410 |  |  | $ | 484 |  |  | $ | 532 |  |  | $ | 566 |  |  | $ | 599 |  |  | $ | 617 |  |  | $ | 634 |  |  | $ | 649 |
2015 |  |  |  | 116 |  |  | 301 |  |  | 418 |  |  | 501 |  |  | 564 |  |  | 606 |  |  | 628 |  |  | 645 |  |  | 665 |
2016 |  |  |  |  |  | 122 |  |  | 326 |  |  | 452 |  |  | 529 |  |  | 584 |  |  | 621 |  |  | 653 |  |  | 683 |
2017 |  |  |  |  |  |  |  | 120 |  |  | 313 |  |  | 437 |  |  | 516 |  |  | 564 |  |  | 601 |  |  | 626 |
2018 |  |  |  |  |  |  |  |  |  | 130 |  |  | 329 |  |  | 451 |  |  | 528 |  |  | 597 |  |  | 641 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 143 |  |  | 341 |  |  | 467 |  |  | 575 |  |  | 640 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 111 |  |  | 282 |  |  | 390 |  |  | 466 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 120 |  |  | 331 |  |  | 458 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 131 |  |  | 332 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 129 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,289 |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses |  |
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 2,940 |
Accident years 2014 - 2023 from tables above |  | 7,219 |
All Accident years |  | $ | 10,159 |
North America Commercial P&C Insurance — Liability — Long-tail This line consists of primary and excess general liability exposures, medical liability, and professional lines, including directors and officers (D&O) liability, errors and omissions (E&O) liability, employment practices liability (EPL), fidelity bonds, and fiduciary liability. The primary and excess general liability business represents the largest part of these exposures. The former includes both monoline and commercial package liability. The latter includes a substantial proportion of commercial umbrella, excess and high excess business, where loss activity can produce significant volatility in the loss triangles at later ages within an accident year (and sometimes across years) due to the size of the limits afforded and the complex nature of the underlying losses. This line includes management and professional liability products provided to a wide variety of clients, from national accounts to small firms along with private and not-for-profit organizations, distributed through brokers, agents, wholesalers, and MGAs. Many of these coverages, particularly D&O and E&O, are typically written on a claims-made form. While most of the coverages are underwritten on a primary basis, there are significant amounts of excess exposure with large policy limits.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  |  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves |  | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 3,528 |  |  | $ | 3,578 |  |  | $ | 3,667 |  |  | $ | 3,710 |  |  | $ | 3,649 |  |  | $ | 3,463 |  |  | $ | 3,340 |  |  | $ | 3,192 |  |  | $ | 3,142 |  |  | $ | 3,134 |  |  | $ | 237 |  |  | 24 |
2015 |  |  | 3,552 |  |  | 3,701 |  |  | 3,810 |  |  | 3,967 |  |  | 3,934 |  |  | 3,727 |  |  | 3,701 |  |  | 3,569 |  |  | 3,613 |  |  | 358 |  |  | 27 |
2016 |  |  |  |  | 3,527 |  |  | 3,588 |  |  | 3,685 |  |  | 3,797 |  |  | 3,793 |  |  | 3,765 |  |  | 3,756 |  |  | 3,660 |  |  | 375 |  |  | 27 |
2017 |  |  |  |  |  |  | 3,316 |  |  | 3,491 |  |  | 3,573 |  |  | 3,623 |  |  | 3,545 |  |  | 3,434 |  |  | 3,492 |  |  | 603 |  |  | 26 |
2018 |  |  |  |  |  |  |  |  | 3,368 |  |  | 3,485 |  |  | 3,688 |  |  | 3,820 |  |  | 3,900 |  |  | 3,915 |  |  | 672 |  |  | 28 |
2019 |  |  |  |  |  |  |  |  |  |  | 3,446 |  |  | 3,620 |  |  | 3,858 |  |  | 4,050 |  |  | 4,057 |  |  | 1,135 |  |  | 29 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 4,102 |  |  | 3,826 |  |  | 3,919 |  |  | 3,976 |  |  | 1,630 |  |  | 24 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,315 |  |  | 4,349 |  |  | 4,441 |  |  | 2,589 |  |  | 25 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,561 |  |  | 4,567 |  |  | 3,371 |  |  | 25 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,703 |  |  | 4,181 |  |  | 26 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 39,558 |  |  |  |  |
North America Commercial P&C Insurance — Liability — Long-tail (continued)
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 164 |  |  | $ | 679 |  |  | $ | 1,248 |  |  | $ | 1,801 |  |  | $ | 2,199 |  |  | $ | 2,439 |  |  | $ | 2,580 |  |  | $ | 2,669 |  |  | $ | 2,753 |  |  | $ | 2,802 |
2015 |  |  |  | 138 |  |  | 604 |  |  | 1,203 |  |  | 1,852 |  |  | 2,287 |  |  | 2,527 |  |  | 2,743 |  |  | 2,921 |  |  | 3,079 |
2016 |  |  |  |  |  | 171 |  |  | 662 |  |  | 1,334 |  |  | 1,973 |  |  | 2,332 |  |  | 2,593 |  |  | 2,820 |  |  | 2,982 |
2017 |  |  |  |  |  |  |  | 161 |  |  | 616 |  |  | 1,160 |  |  | 1,698 |  |  | 2,000 |  |  | 2,322 |  |  | 2,627 |
2018 |  |  |  |  |  |  |  |  |  | 189 |  |  | 753 |  |  | 1,301 |  |  | 1,773 |  |  | 2,335 |  |  | 2,782 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 175 |  |  | 669 |  |  | 1,245 |  |  | 1,888 |  |  | 2,387 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 152 |  |  | 589 |  |  | 1,148 |  |  | 1,697 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 174 |  |  | 609 |  |  | 1,200 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 144 |  |  | 649 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 197 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 20,402 |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 1,936 |
Accident years 2014 - 2023 from tables above |  | 19,156 |
All Accident years |  | $ | 21,092 |
This product line consists of the remaining commercial casualty coverages such as automobile liability and aviation as well as our foreign casualty exposures (mainly auto, general liability and employer responsibility coverages) on U.S.-based multinational accounts. The paid and reported data are impacted by some catastrophe loss activity.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  |  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves |  | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 594 |  |  | $ | 582 |  |  | $ | 580 |  |  | $ | 595 |  |  | $ | 554 |  |  | $ | 538 |  |  | $ | 538 |  |  | $ | 530 |  |  | $ | 526 |  |  | $ | 530 |  |  | $ | 9 |  |  | 17 |
2015 |  |  | 486 |  |  | 469 |  |  | 500 |  |  | 514 |  |  | 457 |  |  | 454 |  |  | 462 |  |  | 457 |  |  | 456 |  |  | 18 |  |  | 15 |
2016 |  |  |  |  | 503 |  |  | 501 |  |  | 527 |  |  | 523 |  |  | 480 |  |  | 479 |  |  | 469 |  |  | 473 |  |  | 20 |  |  | 16 |
2017 |  |  |  |  |  |  | 531 |  |  | 565 |  |  | 577 |  |  | 616 |  |  | 604 |  |  | 590 |  |  | 602 |  |  | 16 |  |  | 17 |
2018 |  |  |  |  |  |  |  |  | 535 |  |  | 563 |  |  | 574 |  |  | 579 |  |  | 575 |  |  | 606 |  |  | 9 |  |  | 17 |
2019 |  |  |  |  |  |  |  |  |  |  | 606 |  |  | 636 |  |  | 686 |  |  | 744 |  |  | 756 |  |  | 40 |  |  | 17 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 640 |  |  | 633 |  |  | 657 |  |  | 638 |  |  | 156 |  |  | 11 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 675 |  |  | 710 |  |  | 747 |  |  | 254 |  |  | 13 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 782 |  |  | 801 |  |  | 367 |  |  | 14 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 844 |  |  | 631 |  |  | 11 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,453 |  |  |  |  |
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 80 |  |  | $ | 220 |  |  | $ | 317 |  |  | $ | 391 |  |  | $ | 454 |  |  | $ | 473 |  |  | $ | 500 |  |  | $ | 508 |  |  | $ | 513 |  |  | $ | 517 |
2015 |  |  |  | 47 |  |  | 137 |  |  | 214 |  |  | 304 |  |  | 370 |  |  | 394 |  |  | 411 |  |  | 423 |  |  | 431 |
2016 |  |  |  |  |  | 52 |  |  | 145 |  |  | 246 |  |  | 323 |  |  | 374 |  |  | 398 |  |  | 424 |  |  | 437 |
2017 |  |  |  |  |  |  |  | 66 |  |  | 175 |  |  | 312 |  |  | 381 |  |  | 446 |  |  | 496 |  |  | 539 |
2018 |  |  |  |  |  |  |  |  |  | 74 |  |  | 169 |  |  | 270 |  |  | 365 |  |  | 472 |  |  | 532 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 70 |  |  | 189 |  |  | 318 |  |  | 465 |  |  | 619 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 54 |  |  | 156 |  |  | 273 |  |  | 401 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 60 |  |  | 176 |  |  | 293 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 82 |  |  | 235 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 81 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,085 |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 228 |
Accident years 2014 - 2023 from tables above |  | 2,368 |
All Accident years |  | $ | 2,596 |
This product line represents first party commercial product lines that are short-tailed in nature, such as property, inland marine, ocean marine, surety, and A&H. There is a wide diversity of products, primary and excess coverages, and policy sizes. During this ten-year period, this product line was impacted by natural catastrophes mainly in the 2017 and 2018 accident years, and in accident year 2020 by direct COVID.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  |  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves |  | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 1,635 |  |  | $ | 1,655 |  |  | $ | 1,573 |  |  | $ | 1,552 |  |  | $ | 1,543 |  |  | $ | 1,544 |  |  | $ | 1,552 |  |  | $ | 1,545 |  |  | $ | 1,544 |  |  | $ | 1,554 |  |  | $ | — |  |  | 483 |
2015 |  |  | 1,731 |  |  | 1,740 |  |  | 1,645 |  |  | 1,633 |  |  | 1,600 |  |  | 1,585 |  |  | 1,587 |  |  | 1,592 |  |  | 1,589 |  |  | 2 |  |  | 545 |
2016 |  |  |  |  | 1,904 |  |  | 1,884 |  |  | 1,794 |  |  | 1,775 |  |  | 1,811 |  |  | 1,824 |  |  | 1,820 |  |  | 1,822 |  |  | 23 |  |  | 650 |
2017 |  |  |  |  |  |  | 2,699 |  |  | 2,603 |  |  | 2,503 |  |  | 2,520 |  |  | 2,512 |  |  | 2,522 |  |  | 2,508 |  |  | 43 |  |  | 764 |
2018 |  |  |  |  |  |  |  |  | 2,047 |  |  | 2,234 |  |  | 2,169 |  |  | 2,161 |  |  | 2,170 |  |  | 2,160 |  |  | 11 |  |  | 904 |
2019 |  |  |  |  |  |  |  |  |  |  | 2,046 |  |  | 2,031 |  |  | 1,954 |  |  | 1,944 |  |  | 1,921 |  |  | 13 |  |  | 1,044 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 3,140 |  |  | 2,942 |  |  | 2,726 |  |  | 2,685 |  |  | 62 |  |  | 1,126 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,941 |  |  | 2,824 |  |  | 2,628 |  |  | 158 |  |  | 863 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,048 |  |  | 2,946 |  |  | 371 |  |  | 897 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,072 |  |  | 1,351 |  |  | 756 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 22,885 |  |  |  |  |
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 816 |  |  | $ | 1,368 |  |  | $ | 1,478 |  |  | $ | 1,499 |  |  | $ | 1,525 |  |  | $ | 1,540 |  |  | $ | 1,547 |  |  | $ | 1,552 |  |  | $ | 1,552 |  |  | $ | 1,551 |
2015 |  |  |  | 724 |  |  | 1,339 |  |  | 1,484 |  |  | 1,552 |  |  | 1,567 |  |  | 1,570 |  |  | 1,583 |  |  | 1,582 |  |  | 1,583 |
2016 |  |  |  |  |  | 844 |  |  | 1,499 |  |  | 1,650 |  |  | 1,726 |  |  | 1,754 |  |  | 1,778 |  |  | 1,789 |  |  | 1,790 |
2017 |  |  |  |  |  |  |  | 977 |  |  | 2,083 |  |  | 2,301 |  |  | 2,392 |  |  | 2,406 |  |  | 2,430 |  |  | 2,449 |
2018 |  |  |  |  |  |  |  |  |  | 1,025 |  |  | 1,821 |  |  | 2,012 |  |  | 2,068 |  |  | 2,113 |  |  | 2,137 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 1,028 |  |  | 1,672 |  |  | 1,800 |  |  | 1,856 |  |  | 1,883 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,390 |  |  | 2,260 |  |  | 2,466 |  |  | 2,545 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,085 |  |  | 2,100 |  |  | 2,322 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,050 |  |  | 2,190 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,219 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 19,669 |
North America Commercial P&C Insurance — Non-Casualty — Short-tail (continued) |  |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses |  |
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (13) |
Accident years 2014 - 2023 from tables above |  | 3,216 |
All Accident years |  | $ | 3,203 |
North America Personal P&C Insurance — Short-tail Chubb provides personal lines coverages for high-net-worth individuals and families in North America including homeowners, automobile, valuable articles (including fine art), umbrella liability, and recreational marine insurance offered through independent regional agents and brokers. During this ten-year period, this segment was also impacted by natural catastrophes, mainly in the 2017 and 2018 accident years.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 2,198 |  |  | $ | 2,199 |  |  | $ | 2,186 |  |  | $ | 2,139 |  |  | $ | 2,153 |  |  | $ | 2,140 |  |  | $ | 2,135 |  |  | $ | 2,134 |  |  | $ | 2,133 |  |  | $ | 2,130 |  |  | $ | 6 |  |  | 144 |
2015 |  |  | 2,488 |  |  | 2,543 |  |  | 2,553 |  |  | 2,536 |  |  | 2,556 |  |  | 2,562 |  |  | 2,559 |  |  | 2,561 |  |  | 2,558 |  |  | 5 |  |  | 148 |
2016 |  |  |  |  | 2,433 |  |  | 2,529 |  |  | 2,538 |  |  | 2,476 |  |  | 2,464 |  |  | 2,458 |  |  | 2,466 |  |  | 2,467 |  |  | 10 |  |  | 154 |
2017 |  |  |  |  |  |  | 3,028 |  |  | 3,062 |  |  | 2,995 |  |  | 2,991 |  |  | 2,992 |  |  | 3,001 |  |  | 3,011 |  |  | 20 |  |  | 163 |
2018 |  |  |  |  |  |  |  |  | 3,002 |  |  | 3,030 |  |  | 3,095 |  |  | 3,110 |  |  | 3,131 |  |  | 3,120 |  |  | 45 |  |  | 170 |
2019 |  |  |  |  |  |  |  |  |  |  | 2,949 |  |  | 2,985 |  |  | 2,986 |  |  | 2,978 |  |  | 2,957 |  |  | 48 |  |  | 157 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 2,922 |  |  | 2,627 |  |  | 2,626 |  |  | 2,582 |  |  | 96 |  |  | 123 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,027 |  |  | 2,877 |  |  | 2,964 |  |  | 209 |  |  | 131 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,102 |  |  | 2,955 |  |  | 414 |  |  | 119 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,406 |  |  | 1,480 |  |  | 93 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 28,150 |  |  |  |  |
North America Personal P&C Insurance — Short-tail (continued)
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 1,306 |  |  | $ | 1,759 |  |  | $ | 1,919 |  |  | $ | 2,028 |  |  | $ | 2,073 |  |  | $ | 2,100 |  |  | $ | 2,109 |  |  | $ | 2,116 |  |  | $ | 2,119 |  |  | $ | 2,121 |
2015 |  |  |  | 1,495 |  |  | 2,078 |  |  | 2,264 |  |  | 2,385 |  |  | 2,472 |  |  | 2,501 |  |  | 2,526 |  |  | 2,535 |  |  | 2,542 |
2016 |  |  |  |  |  | 1,449 |  |  | 2,046 |  |  | 2,205 |  |  | 2,308 |  |  | 2,364 |  |  | 2,391 |  |  | 2,422 |  |  | 2,440 |
2017 |  |  |  |  |  |  |  | 1,694 |  |  | 2,514 |  |  | 2,662 |  |  | 2,793 |  |  | 2,864 |  |  | 2,930 |  |  | 2,971 |
2018 |  |  |  |  |  |  |  |  |  | 1,922 |  |  | 2,542 |  |  | 2,699 |  |  | 2,857 |  |  | 2,971 |  |  | 3,037 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 1,664 |  |  | 2,431 |  |  | 2,611 |  |  | 2,718 |  |  | 2,823 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,331 |  |  | 1,990 |  |  | 2,223 |  |  | 2,363 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,583 |  |  | 2,368 |  |  | 2,582 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,411 |  |  | 2,278 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,490 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 24,647 |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses |  |
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 47 |
Accident years 2014 - 2023 from tables above |  | 3,503 |
All Accident years |  | $ | 3,550 |
This product line comprises D&O liability, E&O liability, financial institutions (including crime/fidelity coverages), and non-U.S. general liability as well as aviation and political risk. Exposures are located around the world, including Europe, Latin America, and Asia. Approximately 46 percent of Chubb Overseas General business is generated by European accounts, exclusive of Lloyd's market. There is some U.S. exposure in Casualty from multinational accounts and in financial lines for Lloyd's market. The financial lines coverages are typically written on a claims-made form, while general liability coverages are typically on an occurrence basis and comprises a mix of primary and excess businesses.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  |  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves |  | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 1,196 |  |  | $ | 1,264 |  |  | $ | 1,271 |  |  | $ | 1,290 |  |  | $ | 1,210 |  |  | $ | 1,129 |  |  | $ | 1,093 |  |  | $ | 1,103 |  |  | $ | 1,106 |  |  | $ | 1,089 |  |  | $ | 46 |  |  | 38 |
2015 |  |  | 1,118 |  |  | 1,209 |  |  | 1,239 |  |  | 1,262 |  |  | 1,244 |  |  | 1,186 |  |  | 1,171 |  |  | 1,187 |  |  | 1,186 |  |  | 97 |  |  | 40 |
2016 |  |  |  |  | 1,150 |  |  | 1,246 |  |  | 1,311 |  |  | 1,338 |  |  | 1,328 |  |  | 1,337 |  |  | 1,271 |  |  | 1,283 |  |  | 93 |  |  | 42 |
2017 |  |  |  |  |  |  | 1,140 |  |  | 1,237 |  |  | 1,284 |  |  | 1,331 |  |  | 1,296 |  |  | 1,331 |  |  | 1,296 |  |  | 151 |  |  | 43 |
2018 |  |  |  |  |  |  |  |  | 1,236 |  |  | 1,286 |  |  | 1,346 |  |  | 1,389 |  |  | 1,345 |  |  | 1,323 |  |  | 202 |  |  | 44 |
2019 |  |  |  |  |  |  |  |  |  |  | 1,307 |  |  | 1,373 |  |  | 1,395 |  |  | 1,382 |  |  | 1,336 |  |  | 311 |  |  | 42 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 1,684 |  |  | 1,606 |  |  | 1,523 |  |  | 1,535 |  |  | 765 |  |  | 35 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,619 |  |  | 1,668 |  |  | 1,691 |  |  | 987 |  |  | 36 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,760 |  |  | 1,808 |  |  | 1,217 |  |  | 36 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,908 |  |  | 1,606 |  |  | 32 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 14,455 |  |  |  |  |
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses |  |
|  |  |  | Years Ended December 31 |  |
(in millions of U.S. dollars) | Unaudited |  |  |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  |
2014 |  | $ | 105 |  |  | $ | 275 |  |  | $ | 444 |  |  | $ | 571 |  |  | $ | 681 |  |  | $ | 761 |  |  | $ | 823 |  |  | $ | 865 |  |  | $ | 894 |  |  | $ | 934 |  |  |
2015 |  |  |  | 80 |  |  | 267 |  |  | 465 |  |  | 637 |  |  | 753 |  |  | 830 |  |  | 906 |  |  | 938 |  |  | 969 |  |  |
2016 |  |  |  |  |  | 120 |  |  | 306 |  |  | 505 |  |  | 648 |  |  | 766 |  |  | 857 |  |  | 979 |  |  | 1,003 |  |  |
2017 |  |  |  |  |  |  |  | 91 |  |  | 299 |  |  | 499 |  |  | 653 |  |  | 812 |  |  | 940 |  |  | 995 |  |  |
2018 |  |  |  |  |  |  |  |  |  | 105 |  |  | 312 |  |  | 470 |  |  | 608 |  |  | 727 |  |  | 881 |  |  |
2019 |  |  |  |  |  |  |  |  |  |  |  | 118 |  |  | 316 |  |  | 444 |  |  | 648 |  |  | 729 |  |  |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 102 |  |  | 273 |  |  | 429 |  |  | 530 |  |  |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 111 |  |  | 271 |  |  | 434 |  |  |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 83 |  |  | 284 |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 79 |  |  |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,838 |  |  |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 540 |
Accident years 2014 - 2023 from tables above |  | 7,617 |
All Accident years |  | $ | 8,157 |
This product line is comprised of commercial fire, marine (predominantly cargo), surety, personal automobile (in Latin America, Asia Pacific and Japan), personal cell phones, personal residential (including high net worth), energy, and construction. In general, these lines have relatively stable payment and reporting patterns although they are impacted by natural catastrophes mainly in the 2017, 2018, and 2022 accident years. For the Chubb Overseas General non-casualty book, Europe, exclusive of Lloyd's market, makes up about one third, Latin America makes up about one quarter, and Asia makes up about one fifth.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  |
|  |  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves |  | Reported Claims (in thousands)
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 1,764 |  |  | $ | 1,828 |  |  | $ | 1,775 |  |  | $ | 1,763 |  |  | $ | 1,729 |  |  | $ | 1,719 |  |  | $ | 1,712 |  |  | $ | 1,706 |  |  | $ | 1,698 |  |  | $ | 1,693 |  |  | $ | 3 |  |  | 533 |
2015 |  |  | 1,855 |  |  | 1,973 |  |  | 1,947 |  |  | 1,916 |  |  | 1,900 |  |  | 1,892 |  |  | 1,874 |  |  | 1,875 |  |  | 1,870 |  |  | 8 |  |  | 556 |
2016 |  |  |  |  | 1,959 |  |  | 1,955 |  |  | 1,942 |  |  | 1,921 |  |  | 1,926 |  |  | 1,957 |  |  | 1,955 |  |  | 1,943 |  |  | 29 |  |  | 568 |
2017 |  |  |  |  |  |  | 2,114 |  |  | 2,157 |  |  | 2,145 |  |  | 2,126 |  |  | 2,151 |  |  | 2,149 |  |  | 2,115 |  |  | (6) |  |  | 577 |
2018 |  |  |  |  |  |  |  |  | 2,068 |  |  | 2,156 |  |  | 2,119 |  |  | 2,093 |  |  | 2,062 |  |  | 2,051 |  |  | 42 |  |  | 613 |
2019 |  |  |  |  |  |  |  |  |  |  | 2,100 |  |  | 2,119 |  |  | 2,059 |  |  | 2,047 |  |  | 2,043 |  |  | (12) |  |  | 632 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 2,437 |  |  | 2,301 |  |  | 2,171 |  |  | 2,116 |  |  | 87 |  |  | 534 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,524 |  |  | 2,437 |  |  | 2,322 |  |  | 60 |  |  | 542 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,800 |  |  | 2,777 |  |  | 168 |  |  | 614 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,995 |  |  | 901 |  |  | 594 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 21,925 |  |  |  |  |
Overseas General Insurance — Non-Casualty — Short-tail (continued)
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 721 |  |  | $ | 1,359 |  |  | $ | 1,560 |  |  | $ | 1,619 |  |  | $ | 1,649 |  |  | $ | 1,662 |  |  | $ | 1,677 |  |  | $ | 1,684 |  |  | $ | 1,678 |  |  | $ | 1,680 |
2015 |  |  |  | 812 |  |  | 1,469 |  |  | 1,691 |  |  | 1,769 |  |  | 1,790 |  |  | 1,819 |  |  | 1,836 |  |  | 1,839 |  |  | 1,839 |
2016 |  |  |  |  |  | 966 |  |  | 1,592 |  |  | 1,779 |  |  | 1,847 |  |  | 1,872 |  |  | 1,881 |  |  | 1,887 |  |  | 1,890 |
2017 |  |  |  |  |  |  |  | 1,010 |  |  | 1,772 |  |  | 1,940 |  |  | 2,013 |  |  | 2,055 |  |  | 2,114 |  |  | 2,091 |
2018 |  |  |  |  |  |  |  |  |  | 960 |  |  | 1,664 |  |  | 1,858 |  |  | 1,924 |  |  | 1,940 |  |  | 1,950 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 1,019 |  |  | 1,674 |  |  | 1,861 |  |  | 1,926 |  |  | 1,959 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,036 |  |  | 1,646 |  |  | 1,792 |  |  | 1,908 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 982 |  |  | 1,750 |  |  | 2,025 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,168 |  |  | 2,088 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,119 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 18,549 |
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 139 |
Accident years 2014 - 2023 from tables above |  | 3,376 |
All Accident years |  | $ | 3,515 |
This product line includes proportional and excess coverages in general, automobile liability, professional liability, medical malpractice, and workers' compensation, with exposures located around the world. In general, reinsurance exhibits less stable development patterns than primary business. In particular, general casualty reinsurance and excess coverages are long-tailed and can be very volatile.
Global Reinsurance — Casualty — Long-tail (continued)
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |
|  | Years Ended December 31 |  | As of December 31 2023
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 330 |  |  | $ | 331 |  |  | $ | 336 |  |  | $ | 339 |  |  | $ | 340 |  |  | $ | 344 |  |  | $ | 327 |  |  | $ | 327 |  |  | $ | 326 |  |  | $ | 326 |  |  | $ | 6 |
2015 |  |  | 281 |  |  | 286 |  |  | 296 |  |  | 297 |  |  | 305 |  |  | 301 |  |  | 305 |  |  | 308 |  |  | 307 |  |  | 9 |
2016 |  |  |  |  | 219 |  |  | 223 |  |  | 231 |  |  | 230 |  |  | 239 |  |  | 239 |  |  | 244 |  |  | 250 |  |  | 11 |
2017 |  |  |  |  |  |  | 209 |  |  | 211 |  |  | 216 |  |  | 213 |  |  | 214 |  |  | 214 |  |  | 221 |  |  | 6 |
2018 |  |  |  |  |  |  |  |  | 239 |  |  | 242 |  |  | 249 |  |  | 245 |  |  | 248 |  |  | 255 |  |  | 9 |
2019 |  |  |  |  |  |  |  |  |  |  | 233 |  |  | 242 |  |  | 237 |  |  | 236 |  |  | 233 |  |  | 20 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 242 |  |  | 246 |  |  | 237 |  |  | 237 |  |  | 42 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 278 |  |  | 282 |  |  | 286 |  |  | 105 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 294 |  |  | 296 |  |  | 155 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 274 |  |  | 211 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,685 |  |  |
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 91 |  |  | $ | 183 |  |  | $ | 216 |  |  | $ | 247 |  |  | $ | 263 |  |  | $ | 274 |  |  | $ | 284 |  |  | $ | 293 |  |  | $ | 298 |  |  | $ | 304 |
2015 |  |  |  | 89 |  |  | 158 |  |  | 190 |  |  | 215 |  |  | 230 |  |  | 247 |  |  | 264 |  |  | 273 |  |  | 281 |
2016 |  |  |  |  |  | 57 |  |  | 112 |  |  | 141 |  |  | 157 |  |  | 173 |  |  | 190 |  |  | 206 |  |  | 217 |
2017 |  |  |  |  |  |  |  | 46 |  |  | 99 |  |  | 120 |  |  | 138 |  |  | 153 |  |  | 173 |  |  | 185 |
2018 |  |  |  |  |  |  |  |  |  | 40 |  |  | 94 |  |  | 123 |  |  | 146 |  |  | 168 |  |  | 194 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 39 |  |  | 89 |  |  | 115 |  |  | 138 |  |  | 161 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 41 |  |  | 98 |  |  | 123 |  |  | 147 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 35 |  |  | 86 |  |  | 119 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 39 |  |  | 86 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,724 |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 279 |
Accident years 2014 - 2023 from tables above |  | 961 |
All Accident years |  | $ | 1,240 |
This product line includes property, property catastrophe, marine, credit/surety, mortgage, A&H and energy. This product line is impacted by natural catastrophes, particularly in the 2017, 2018, 2020, 2021, and 2022 accident years. Of the non-catastrophe book, the mixture of business varies by year with approximately 87 percent of loss on proportional treaties in treaty year 2014 and after. This percentage has increased over time with the proportion being approximately 77 percent for treaty years 2014-2017 growing to an average of 93 percent for treaty years 2018 to 2023, with the remainder being written on an excess of loss basis.
Net Incurred Loss and Allocated Loss Adjustment Expenses |  |  |  | As of December 31 2023
|  | Years Ended December 31 |
(in millions of U.S. dollars) | Unaudited |  |  |  | Net IBNR Reserves
Accident Year | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |
2014 | $ | 158 |  |  | $ | 174 |  |  | $ | 173 |  |  | $ | 176 |  |  | $ | 174 |  |  | $ | 173 |  |  | $ | 172 |  |  | $ | 170 |  |  | $ | 169 |  |  | $ | 169 |  |  | $ | 1 |
2015 |  |  | 144 |  |  | 152 |  |  | 158 |  |  | 158 |  |  | 151 |  |  | 156 |  |  | 154 |  |  | 154 |  |  | 154 |  |  | 1 |
2016 |  |  |  |  | 177 |  |  | 182 |  |  | 185 |  |  | 187 |  |  | 184 |  |  | 181 |  |  | 181 |  |  | 181 |  |  | 1 |
2017 |  |  |  |  |  |  | 395 |  |  | 421 |  |  | 451 |  |  | 449 |  |  | 453 |  |  | 455 |  |  | 454 |  |  | 7 |
2018 |  |  |  |  |  |  |  |  | 278 |  |  | 286 |  |  | 288 |  |  | 284 |  |  | 289 |  |  | 282 |  |  | 2 |
2019 |  |  |  |  |  |  |  |  |  |  | 130 |  |  | 129 |  |  | 125 |  |  | 120 |  |  | 116 |  |  | 3 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  | 209 |  |  | 253 |  |  | 277 |  |  | 279 |  |  | 22 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 340 |  |  | 351 |  |  | 354 |  |  | 23 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 346 |  |  | 311 |  |  | 69 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 181 |  |  | 109 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,481 |  |  |
Net Cumulative Paid Loss and Allocated Loss Adjustment Expenses
|  |  | Years Ended December 31
(in millions of U.S. dollars) | Unaudited |  |
Accident Year |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
2014 |  | $ | 63 |  |  | $ | 124 |  |  | $ | 146 |  |  | $ | 156 |  |  | $ | 161 |  |  | $ | 163 |  |  | $ | 165 |  |  | $ | 165 |  |  | $ | 166 |  |  | $ | 166 |
2015 |  |  |  | 56 |  |  | 102 |  |  | 130 |  |  | 140 |  |  | 144 |  |  | 148 |  |  | 150 |  |  | 150 |  |  | 151 |
2016 |  |  |  |  |  | 56 |  |  | 129 |  |  | 156 |  |  | 166 |  |  | 172 |  |  | 175 |  |  | 176 |  |  | 177 |
2017 |  |  |  |  |  |  |  | 191 |  |  | 321 |  |  | 400 |  |  | 413 |  |  | 426 |  |  | 433 |  |  | 439 |
2018 |  |  |  |  |  |  |  |  |  | 94 |  |  | 248 |  |  | 264 |  |  | 267 |  |  | 272 |  |  | 274 |
2019 |  |  |  |  |  |  |  |  |  |  |  | 35 |  |  | 80 |  |  | 94 |  |  | 102 |  |  | 104 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | 62 |  |  | 177 |  |  | 215 |  |  | 232 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 158 |  |  | 277 |  |  | 307 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 74 |  |  | 195 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,081 |
Net Liabilities for Loss and Allocated Loss Adjustment Expenses
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 11 |
Accident years 2014 - 2023 from tables above |  | 400 |
All Accident years |  | $ | 411 |
Supplementary PPD [Table Text Block] |
North America Commercial P&C Insurance — Workers' Compensation — Long-tail (continued) |  |
Supplementary Information: (Favorable)/ Adverse Prior Period Development |  |
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (113) |
Accident years 2014 - 2023 from tables above |  | (191) |
All Accident years |  | $ | (304) |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 47 |
Accident years 2014 - 2023 from tables above |  | 175 |
All Accident years |  | $ | 222 |
North America Commercial P&C Insurance — Other-Casualty — Long-tail (continued) |  |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (6) |
Accident years 2014 - 2023 from tables above |  | 99 |
All Accident years |  | $ | 93 |
Supplementary Information: (Favorable)/ Adverse Prior Period Development |  |
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (4) |
Accident years 2014 - 2023 from tables above |  | (377) |
All Accident years |  | $ | (381) |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | 3 |
Accident years 2014 - 2023 from tables above |  | (131) |
All Accident years |  | $ | (128) |
Overseas General Insurance — Casualty — Long-tail (continued) |  |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (22) |
Accident years 2014 - 2023 from tables above |  | (26) |
All Accident years |  | $ | (48) |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (4) |
Accident years 2014 - 2023 from tables above |  | (264) |
All Accident years |  | $ | (268) |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | (16) |
Accident years 2014 - 2023 from tables above |  | 22 |
All Accident years |  | $ | 6 |
Supplementary Information: (Favorable)/ Adverse Prior Period Development
(in millions of U.S. dollars) |  | December 31, 2023
Accident years prior to 2014 |  | $ | — |
Accident years 2014 - 2023 from tables above |  | (42) |
All Accident years |  | $ | (42) |
Schedule of Historical Claims [Table Text Block] |
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 10 | % |  | 16 | % |  | 10 | % |  | 7 | % |  | 5 | % |  | 3 | % |  | 3 | % |  | 2 | % |  | 2 | % |  | 2 | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 4 | % |  | 13 | % |  | 15 | % |  | 16 | % |  | 12 | % |  | 8 | % |  | 6 | % |  | 4 | % |  | 4 | % |  | 2 | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 10 | % |  | 18 | % |  | 18 | % |  | 17 | % |  | 15 | % |  | 7 | % |  | 6 | % |  | 2 | % |  | 1 | % |  | 1 | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 44 | % |  | 37 | % |  | 8 | % |  | 3 | % |  | 1 | % |  | 1 | % |  | 1 | % |  | — | % |  | — | % |  | — | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 55 | % |  | 25 | % |  | 7 | % |  | 5 | % |  | 3 | % |  | 2 | % |  | 1 | % |  | — | % |  | — | % |  | — | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 7 | % |  | 13 | % |  | 13 | % |  | 11 | % |  | 9 | % |  | 9 | % |  | 6 | % |  | 3 | % |  | 3 | % |  | 4 | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 45 | % |  | 33 | % |  | 10 | % |  | 4 | % |  | 1 | % |  | 1 | % |  | — | % |  | — | % |  | — | % |  | — | %
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 19 | % |  | 22 | % |  | 11 | % |  | 9 | % |  | 7 | % |  | 7 | % |  | 5 | % |  | 3 | % |  | 2 | % |  | 2 | %
Global Reinsurance — Non-Casualty — Short-tail (continued)
Supplementary Information: Average Annual Percentage Payout of Net Incurred Claims by Age, as of December 31, 2023 (Unaudited)
Age in Years | 1 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 9 |  |  | 10 |
Percentage | 33 | % |  | 40 | % |  | 14 | % |  | 5 | % |  | 3 | % |  | 2 | % |  | 1 | % |  | — | % |  | — | % |  | — | %
Supplementary PPD Reconciliation [Table Text Block] | The following table presents a reconciliation of the loss development triangles above to prior period development:
| Components of PPD |
Year Ended December 31, 2023 (in millions of U.S. dollars) (favorable)/unfavorable | 2014 - 2022 accident years (implied PPD per loss triangles) |  | Accident years prior to 2014 |  | Other (1) |  |  | PPD on loss reserves |  | RIPs, Expense adjustments, and earned premiums |  |  | Total |
North America Commercial P&C Insurance |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-tail | $ | 83 |  |  | $ | (72) |  |  | $ | (187) |  |  |  | $ | (176) |  |  | $ | 90 |  |  |  | $ | (86) |  |
Short-tail | (377) |  |  | (4) |  |  | (35) |  |  |  | (416) |  |  | 8 |  |  |  | (408) |  |
| (294) |  |  | (76) |  |  | (222) |  | (2) |  | (592) |  |  | 98 |  | (3) |  | (494) |  |
North America Personal P&C Insurance (Short-tail) | (131) |  |  | 3 |  |  | (4) |  |  |  | (132) |  |  | (2) |  |  |  | (134) |  |
Overseas General Insurance |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-tail | (26) |  |  | (22) |  |  | (2) |  |  |  | (50) |  |  | — |  |  |  | (50) |  |
Short-tail | (264) |  |  | (4) |  |  | (58) |  |  |  | (326) |  |  | — |  |  |  | (326) |  |
| (290) |  |  | (26) |  |  | (60) |  | (4) |  | (376) |  |  | — |  |  |  | (376) |  |
Global Reinsurance |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-tail | 22 |  |  | (16) |  |  | 1 |  |  |  | 7 |  |  | — |  |  |  | 7 |  |
Short-tail | (42) |  |  | — |  |  | — |  |  |  | (42) |  |  | 7 |  |  |  | (35) |  |
| (20) |  |  | (16) |  |  | 1 |  |  |  | (35) |  |  | 7 |  |  |  | (28) |  |
Subtotal | $ | (735) |  |  | $ | (115) |  |  | $ | (285) |  |  |  | $ | (1,135) |  |  | $ | 103 |  |  |  | $ | (1,032) |  |
North America Agricultural Insurance (Short-tail) |  |  |  |  |  |  |  | $ | (24) |  |  | $ | 6 |  |  |  | $ | (18) |  |
Corporate (Long-tail) |  |  |  |  |  |  |  | 277 |  |  | — |  |  |  | 277 |  |
Consolidated PPD |  |  |  |  |  |  |  | $ | (882) |  |  | $ | 109 |  |  |  | $ | (773) |  |
(1) Other includes the impact of foreign exchange. (2) Includes favorable development of $88 million related to our Alternative Risk Solutions business (U.S. and Bermuda) and an adjustment to exclude $92 million in unfavorable development in the workers' compensation line, associated with an increase in exposure for which additional premiums were collected; the remaining difference relates to a number of other items, none of which are individually material. (3) Includes premium returns associated with our Alternative Risk Solutions business, which is excluded from the triangles. (4) Includes favorable development of $56 million related to International A&H business; the remaining difference relates to a number of other items, none of which are individually material.
Prior Period Development, by Segment [Table Text Block] |
Years Ended December 31 (in millions of U.S. dollars, except for percentages) | Long-tail |  | Short-tail |  | Total |  | % of beginning net unpaid reserves (1) |  |
2023 |  |  |  |  |  |  |  |  |
North America Commercial P&C Insurance | $ | (86) |  |  | $ | (408) |  |  | $ | (494) |  |  | 0.8 | % |  |
North America Personal P&C Insurance | — |  |  | (134) |  |  | (134) |  |  | 0.2 | % |  |
North America Agricultural Insurance | — |  |  | (18) |  |  | (18) |  |  | — | % |  |
Overseas General Insurance | (50) |  |  | (326) |  |  | (376) |  |  | 0.6 | % |  |
Global Reinsurance | 7 |  |  | (35) |  |  | (28) |  |  | — | % |  |
Corporate | 277 |  |  | — |  |  | 277 |  |  | 0.5 | % |  |
Total | $ | 148 |  |  | $ | (921) |  |  | $ | (773) |  |  | 1.3 | % |  |
2022 |  |  |  |  |  |  |  |  |
North America Commercial P&C Insurance | $ | (229) |  |  | $ | (333) |  |  | $ | (562) |  |  | 1.0 | % |  |
North America Personal P&C Insurance | — |  |  | (186) |  |  | (186) |  |  | 0.3 | % |  |
North America Agricultural Insurance | — |  |  | (61) |  |  | (61) |  |  | 0.1 | % |  |
Overseas General Insurance | (65) |  |  | (383) |  |  | (448) |  |  | 0.8 | % |  |
Global Reinsurance | (7) |  |  | 29 |  |  | 22 |  |  | — | % |  |
Corporate | 359 |  |  | — |  |  | 359 |  |  | 0.6 | % |  |
Total | $ | 58 |  |  | $ | (934) |  |  | $ | (876) |  |  | 1.6 | % |  |
2021 |  |  |  |  |  |  |  |  |
North America Commercial P&C Insurance | $ | (482) |  |  | $ | (280) |  |  | $ | (762) |  |  | 1.4 | % |  |
North America Personal P&C Insurance | — |  |  | (305) |  |  | (305) |  |  | 0.6 | % |  |
North America Agricultural Insurance | — |  |  | 10 |  |  | 10 |  |  | — | % |  |
Overseas General Insurance | (106) |  |  | (335) |  |  | (441) |  |  | 0.8 | % |  |
Global Reinsurance | (25) |  |  | 28 |  |  | 3 |  |  | — | % |  |
Corporate | 569 |  |  | — |  |  | 569 |  |  | 1.1 | % |  |
Total | $ | (44) |  |  | $ | (882) |  |  | $ | (926) |  |  | 1.8 | % |  |
(1) Calculated based on the beginning of period consolidated net unpaid losses and loss expenses.
Schedule Of Asbestos Environmental Loss Roll Forward and by segment | The following table presents a roll-forward of consolidated A&E loss reserves including allocated loss expense reserves for A&E exposures, and the valuation allowance for uncollectible paid and unpaid reinsurance recoverables:
|  | Asbestos |  | Environmental |  | Total |
(in millions of U.S. dollars) |  | Gross |  | Net |  | Gross |  | Net |  | Gross |  | Net |
Balance at December 31, 2020 |  | $ | 1,351 |  |  | $ | 873 |  |  | $ | 517 |  |  | $ | 379 |  |  | $ | 1,868 |  |  | $ | 1,252 |  |
Incurred activity |  | 96 |  |  | 64 |  |  | 52 |  |  | 40 |  |  | 148 |  |  | 104 |  | (1)
Paid activity |  | (221) |  |  | (137) |  |  | (167) |  |  | (117) |  |  | (388) |  |  | (254) |  |
Balance at December 31, 2021 |  | 1,226 |  |  | 800 |  |  | 402 |  |  | 302 |  |  | 1,628 |  |  | 1,102 |  |
Incurred activity |  | 87 |  |  | 55 |  |  | 125 |  |  | 77 |  |  | 212 |  |  | 132 |  | (1)
Paid activity |  | (215) |  |  | (152) |  |  | (115) |  |  | (69) |  |  | (330) |  |  | (221) |  |
Balance at December 31, 2022 |  | 1,098 |  |  | 703 |  |  | 412 |  |  | 310 |  |  | 1,510 |  |  | 1,013 |  |
Incurred activity |  | 180 |  |  | 120 |  |  | 88 |  |  | 63 |  |  | 268 |  |  | 183 |  | (1)
Paid activity |  | (258) |  |  | (169) |  |  | (105) |  |  | (82) |  |  | (363) |  |  | (251) |  |
Balance at December 31, 2023 |  | $ | 1,020 |  |  | $ | 654 |  |  | $ | 395 |  |  | $ | 291 |  |  | $ | 1,415 |  |  | $ | 945 |  |
(1) Excludes unallocated loss expenses and the net activity reflects third-party reinsurance other than the aggregate excess of loss reinsurance provided by National Indemnity Company (NICO) to Westchester Specialty (see Westchester Specialty section below). The A&E net loss reserves including allocated loss expense reserves and valuation allowance for uncollectible reinsurance at December 31, 2023 and 2022, shown in the table above is comprised of:
| December 31
(in millions of U.S. dollars) | 2023 |  | 2022
Brandywine operations | $ | 570 |  |  | $ | 602 |
Westchester Specialty | 89 |  |  | 98 |
Chubb Corp | 241 |  |  | 266 |
Other, mainly Overseas General Insurance | 45 |  |  | 47 |
Total | $ | 945 |  |  | $ | 1,013 |

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- Definition Tabular disclosure of the reasons for the change in incurred claims and claim adjustment expenses recognized in the income statement attributable to insured events of prior fiscal years. Also includes disclosures of additional premiums or return premiums accrued as a result of changes in incurred claims and claim adjustment expenses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.W) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479583/944-40-S99-1 + Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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- Definition Tabular disclosure of undiscounted information about claims development by accident year for short-duration insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 4B -SubTopic 40 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-4B + Details
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- Definition Tabular disclosure for the reconciliation of claims development to the liability for unpaid claims and claim adjustment expense for short-duration insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 4C -SubTopic 40 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-4C + Details
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- Definition Tabular disclosure of average annual percentage payout of incurred claims by age, after reinsurance, for short-duration insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 4G -SubTopic 40 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-4G + Details
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