XML 139 R67.htm IDEA: XBRL DOCUMENT v3.24.0.1
RESERVE FOR LOSSES AND LAE - Schedule of Roll Forward of the Company’s Beginning and Ending Reserve for Losses and LAE (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]      
Gross reserves beginning of period $ 22,065 $ 19,009 $ 16,322
Less reinsurance recoverables on unpaid losses (2,105) (1,946) (1,844)
Net reserves beginning of period 19,960 17,063 14,478
Incurred related to:      
Current year 8,432 8,102 7,400
Prior years (5) (2) (9)
Total incurred losses and LAE 8,427 8,100 7,391
Paid related to:      
Current year 1,379 1,220 2,491
Prior years 4,731 3,740 2,226
Total paid losses and LAE 6,110 4,960 4,717
Foreign exchange/translation adjustment 229 (243) (89)
Net reserves end of period 22,506 19,960 17,063
Plus reinsurance recoverables on unpaid losses 2,098 2,105 1,946
Gross reserves end of period $ 24,604 $ 22,065 $ 19,009