Retroactive reinsurance contracts (Tables)

6 Months Ended

Jun. 30, 2023

Insurance [Abstract]

Reconciliation of changes in claim liabilities and incurred losses and loss adjustment expenses

Reconciliations of the changes in estimated liabilities for retroactive reinsurance unpaid losses and loss adjustment expenses and incurred losses and loss adjustment expenses to the amounts recorded in the Consolidated Statements of Earnings for each of the six-month periods ended June 30, 2023 and 2022 follow (in millions).

	2023			2022
Balances at beginning of year	$	35,415		$	37,855
Incurred losses and loss adjustment expenses:
Current year contracts		—			—
Prior years’ contracts		15			(14	)
Total		15			(14	)
Paid losses and loss adjustment expenses		(1,033	)		(1,008	)
Foreign currency effect		24			(157	)
Balances at June 30	$	34,421		$	36,676
Incurred losses and loss adjustment expenses above	$	15		$	(14	)
Deferred charge amortization and adjustments		416			426
Incurred losses and loss adjustment expenses included in the Consolidated    Statements of Earnings	$	431		$	412