XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.24.3

Reinsurance | 9 Months Ended
--- | ---
Sep. 30, 2024
Reinsurance Disclosures [Abstract] |
Reinsurance [Text Block] | Reinsurance Reinsurance recoverable on ceded reinsurance
|  | September 30, 2024 |  | December 31, 2023
(in millions of U.S. dollars) | Net Reinsurance Recoverable (1) |  | Valuation allowance |  | Net Reinsurance Recoverable (1) |  | Valuation allowance
Reinsurance recoverable on unpaid losses and loss expenses | $ | 17,631 |  |  | $ | 307 |  |  | $ | 17,884 |  |  | $ | 285 |
Reinsurance recoverable on paid losses and loss expenses | 1,975 |  |  | 81 |  |  | 2,068 |  |  | 82 |
Reinsurance recoverable on losses and loss expenses | $ | 19,606 |  |  | $ | 388 |  |  | $ | 19,952 |  |  | $ | 367 |
Reinsurance recoverable on policy benefits | $ | 292 |  |  | $ | — |  |  | $ | 280 |  |  | $ | — |
(1)Net of valuation allowance for uncollectible reinsurance. The following table presents a roll-forward of valuation allowance for uncollectible reinsurance related to Reinsurance recoverable on losses and loss expenses:
| Nine Months Ended
| September 30
(in millions of U.S. dollars) | 2024 |  | 2023
Valuation allowance for uncollectible reinsurance - beginning of period | $ | 367 |  |  | $ | 351 |
Provision for uncollectible reinsurance | 24 |  |  | 27 |
Write-offs charged against the valuation allowance | (4) |  |  | (8) |
Foreign exchange revaluation | 1 |  |  | — |
Valuation allowance for uncollectible reinsurance - end of period | $ | 388 |  |  | $ | 370 |
For additional information, refer to Note 1 e) to the Consolidated Financial Statements of our 2023 Form 10-K.

X
- References No definition available. + Details
Name: | us-gaap_ReinsuranceDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-4 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-12 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-15 + Details
Name: | us-gaap_ReinsuranceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration