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Unpaid Claims and Claims Expense Short Duration Contracts
 9 Months Ended
Sep. 30, 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):
Nine months ended September 30,
20252024
Balance, beginning of year$2,693 $2,730 
Less: reinsurance recoverable(53)(80)
Net balance, beginning of year2,640 2,650 
Incurred:
Current year1,521 1,161 
Prior years55 (83)
Total incurred1,576 1,078 
Payments:
Current year(356)(240)
Prior years(991)(700)
Total payments(1,347)(940)
Other changes:
Interest accretion26 29 
Foreign exchange adjustments76 (4)
Total other changes102 25 
Net balance, end of period2,971 2,813 
Plus: reinsurance recoverable61 62 
Balance, end of period$3,032 $2,875 
Incurred claims associated with prior periods are primarily due to the development of claims for prior years being different than anticipated when the liabilities for unpaid claims were originally estimated. These trends have been considered in establishing the current year liability for unpaid claims.