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Unpaid Claims and Claims Expense Short Duration Contracts
 3 Months Ended
Mar. 31, 2025
Insurance [Abstract]  
Short-Duration Insurance and Deposit Contracts [Text Block] UNPAID CLAIMS AND CLAIM EXPENSE – SHORT-DURATION CONTRACTS
Rollforward of Claims and Claim Adjustment Expenses
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,
20252024
Balance, beginning of year$2,693 $2,730 
Less: reinsurance recoverable(53)(80)
Net balance, beginning of year2,640 2,650 
Incurred:
Current year505 399 
Prior years(13)(28)
Total incurred492 371 
Payments:
Current year(23)(19)
Prior years(307)(290)
Total payments(330)(309)
Other changes:
Interest accretion9 10 
Foreign exchange adjustments1 (44)
Total other changes10 (34)
Net balance, end of period2,812 2,678 
Plus: reinsurance recoverable58 75 
Balance, end of period$2,870 $2,753 
Incurred claims associated with prior periods are primarily due to the development of claims for prior years being different than were anticipated when the liabilities for unpaid claims were originally estimated. These trends have been considered in establishing the current year liability for unpaid claims.