XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.25.1

Unpaid Claims and Claims Expense Short Duration Contracts (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Insurance [Abstract] |
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block] | The liability for unpaid claims for short-duration contracts is reported in other policy claims and benefits on the Company’s condensed consolidated balance sheets. Activity associated with unpaid claims is summarized below (dollars in millions):
|  | Three months ended March 31,
|  | 2025 |  | 2024
Balance, beginning of year |  | $ | 2,693 |  |  | $ | 2,730 |
Less: reinsurance recoverable |  | (53) |  |  | (80) |
Net balance, beginning of year |  | 2,640 |  |  | 2,650 |
Incurred: |  |  |  |
Current year |  | 505 |  |  | 399 |
Prior years |  | (13) |  |  | (28) |
Total incurred |  | 492 |  |  | 371 |
Payments: |  |  |  |
Current year |  | (23) |  |  | (19) |
Prior years |  | (307) |  |  | (290) |
Total payments |  | (330) |  |  | (309) |
Other changes: |  |  |  |
Interest accretion |  | 9 |  |  | 10 |
Foreign exchange adjustments |  | 1 |  |  | (44) |
Total other changes |  | 10 |  |  | (34) |
Net balance, end of period |  | 2,812 |  |  | 2,678 |
Plus: reinsurance recoverable |  | 58 |  |  | 75 |
Balance, end of period |  | $ | 2,870 |  |  | $ | 2,753 |

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

X
- 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://www.xbrl.org/2003/role/disclosureRef -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
Name: | us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration