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Liability For Unpaid Claims And Claim Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2025

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Schedule of Information on Liability for Unpaid Claims

Information regarding the liability for unpaid claims is shown below:

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
			(Dollars in millions)
Policy and contract claims, beginning			$	1,908					$	1,854					$	1,867					$	1,870
Less: Unpaid claims balance, beginning – long-duration			233						203						241						213
Gross unpaid claims balance, beginning – short-duration			1,675						1,651						1,626						1,657
Less: Reinsurance recoverables, beginning			337						306						288						302
Net unpaid claims balance, beginning – short-duration			1,338						1,345						1,338						1,355
Acquisition from business combination, net of reinsurance			—						1						—						1
Add: incurred related to:
Current accident year			304						407						595						750
Prior accident years			20						(14)						17						(32)
Total incurred claims			324						393						612						718
Less: paid claims related to:
Current accident year			163						201						241						309
Prior accident years			145						142						355						369
Total paid claims			308						343						596						678
Net unpaid claims balance, ending – short-duration			1,354						1,396						1,354						1,396
Add: Reinsurance recoverables, ending			303						271						303						271
Gross unpaid claims balance, ending – short-duration			1,657						1,667						1,657						1,667
Add: Unpaid claims balance, ending – long duration			253						213						253						213
Policy and contract claims, ending			$	1,910					$	1,880					$	1,910					$	1,880

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- References

No definition available.

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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://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

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