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Reserve For Losses, LAE And Future Policy Benefit Reserve (Tables)
9 Months Ended
Sep. 30, 2022
Reserve For Losses, LAE And Future Policy Benefit Reserve [Abstract]  
Summary Of Activity In The Reserve For Losses And LAE
Nine Months Ended
 
September 30,
(Dollars in millions)
2022
2021
Gross reserves beginning of period
$
19,009
$
16,322
 
Less reinsurance recoverables on unpaid losses
(1,946)
(1,844)
 
Net reserves beginning of period
17,063
14,478
Incurred related to:
 
Current year
6,291
5,578
 
Prior years
(2)
(6)
 
Total incurred losses and LAE
6,289
5,572
Paid related to:
 
Current year
 
1,794
1,376
 
Prior years
1,841
1,803
 
Total paid losses and LAE
3,635
3,179
Foreign exchange/translation adjustment
(605)
(41)
Net reserves end of period
19,112
16,831
 
Plus reinsurance recoverables on unpaid losses
2,110
2,033
 
Gross reserves end of period
$
21,222
$
18,864
(Some amounts may not reconcile due
 
to rounding.)