Liability for Policy and Contract Claims (Tables)

6 Months Ended

Jun. 30, 2022

Changes in Liability for Policy and Contract Claims

The following table sets forth changes in our liability for policy and contract claims as of the dates indicated:

	As of or for the six months ended June 30,
(Amounts in millions)	2022			2021
Beginning balance	$	11,841		$	11,486
Less reinsurance recoverables		(2,388	)		(2,431	)
Net beginning balance		9,453			9,055
Incurred related to insured events of:
Current year		2,047			1,991
Prior years		(483	)		(332	)
Total incurred		1,564			1,659
Paid related to insured events of:
Current year		(412	)		(477	)
Prior years		(1,250	)		(1,255	)
Total paid		(1,662	)		(1,732	)
Interest on liability for policy and contract claims		207			202
Net ending balance		9,562			9,184
Add reinsurance recoverables		2,353			2,362
Ending balance	$	11,915		$	11,546