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Liability For Unpaid Claims (Tables) | 12 Months Ended
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Dec. 31, 2021
Liability For Unpaid Claims [Abstract] |
Changes In Liability For Unpaid Claims | For the Years Ended December 31, 2021 2020 2019 Balance as of beginning-of-year$ 5,934 $ 5,552 $ 5,335 Reinsurance recoverable 151 152 143 Net balance as of beginning-of-year 5,783 5,400 5,192 Incurred related to: Current year 4,026 3,517 3,193 Prior years: Interest 141 148 151 All other incurred (1) (271) (209) (308)Total incurred 3,896 3,456 3,036 Paid related to: Current year (2,074) (1,707) (1,518)Prior years (1,472) (1,366) (1,310)Total paid (3,546) (3,073) (2,828)Net balance as of end-of-year 6,133 5,783 5,400 Reinsurance recoverable 147 151 152 Balance as of end-of-year$ 6,280 $ 5,934 $ 5,552 (1)All other incurred is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A negative number implies a favorable result where claim resolutions were more favorable than assumed. Our claim resolution rate assumption used in determining reserves is our expectation of the resolution rate we will experience over the long-term life of the block of claims. It will vary from actual experience in any one period, both favorably and unfavorably.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=116884095&loc=d3e14764-158437 + Details
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