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Liability For Unpaid Claims And Claim Adjustment Expenses (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(Dollars in millions)
Policy and contract claims, beginning			$	1,910					$	1,880					$	1,867					$	1,870
Less: Unpaid claims balance, beginning – long-duration			253						213						241						213
Gross unpaid claims balance, beginning – short-duration			1,657						1,667						1,626						1,657
Less: Reinsurance recoverables, beginning			303						271						288						302
Net unpaid claims balance, beginning – short-duration			1,354						1,396						1,338						1,355
Acquisition from business combination, net of reinsurance			—						—						—						1
Add: incurred related to:
Current accident year			242						354						837						1,104
Prior accident years			18						(7)						35						(39)
Total incurred claims			260						347						872						1,065
Less: paid claims related to:
Current accident year			166						232						407						541
Prior accident years			129						109						484						478
Total paid claims			295						341						891						1,019
Net unpaid claims balance, ending – short-duration			1,319						1,402						1,319						1,402
Add: Reinsurance recoverables, ending			212						300						212						300
Gross unpaid claims balance, ending – short-duration			1,531						1,702						1,531						1,702
Add: Unpaid claims balance, ending – long duration			280						201						280						201
Policy and contract claims, ending			$	1,811					$	1,903					$	1,811					$	1,903

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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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