Insurance Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Insurance [Abstract]

Rollforward of Activity in Loss Reserves

The following table presents the rollforward of activity in loss reserves:

Years Ended December 31,
(in millions)		2022		2021		2020
Liability for unpaid loss and loss adjustment expenses, beginning of year	$	79,026	$	77,720	$	78,328
Reinsurance recoverable		(35,213)		(34,431)		(31,069)
Initial allowance upon CECL adoption		—		—		164
Net Liability for unpaid loss and loss adjustment expenses, beginning of year		43,813		43,289		47,423
Losses and loss adjustment expenses incurred:
Current year		16,434		16,434		16,928
Prior years, excluding discount and amortization of deferred gain		(530)		(171)		(90)
Prior years, discount charge (benefit)		(605)		(131)		587
Prior years, amortization of deferred gain on retroactive reinsurance(a)		(252)		(190)		(237)
Total losses and loss adjustment expenses incurred		15,047		15,942		17,188
Losses and loss adjustment expenses paid:
Current year		(4,011)		(3,868)		(4,062)
Prior years		(11,066)		(11,503)		(14,603)
Total losses and loss adjustment expenses paid		(15,077)		(15,371)		(18,665)
Other changes:
Foreign exchange effect		(1,463)		(593)		815
Allowance for credit losses		—		—		(15)
Retroactive reinsurance adjustment (net of discount)(b)		745		546		361
Fortitude sale(c)		—		—		(3,818)
Total other changes		(718)		(47)		(2,657)
Liability for unpaid loss and loss adjustment expenses, end of year:
Net liability for unpaid losses and loss adjustment expenses		43,065		43,813		43,289
Reinsurance recoverable		32,102		35,213		34,431
Total	$	75,167	$	79,026	$	77,720

(a)Includes $63 million, $53 million and $41 million for the retroactive reinsurance agreement with NICO covering U.S. asbestos exposures for the years ended December 31, 2022, 2021 and 2020, respectively.

(b)Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $(301) million, $(42) million and $340 million for the years ended December 31, 2022, 2021 and 2020, respectively.

(c)On June 2, 2020, AIG completed the Majority Interest Fortitude Sale. Concurrent with the Majority Interest Fortitude Sale, AIG established a reinsurance recoverable. For additional information, see Note 1.

Schedule Of Liability For Policyholders Contract Deposits

The following table presents Policyholder contract deposits:

At December 31,
(in millions)		2022		2021
Policyholder contract deposits:
Individual Retirement	$	90,069	$	87,664
Group Retirement		43,332		44,087
Life Insurance		10,258		10,298
Institutional Markets		11,643		10,810
Fortitude Re		3,589		3,827
Total Policyholder contract deposits	$	158,891	$	156,686

Reconciliation of claims development to liability

The following table presents the reconciliation of the net liability for unpaid losses and loss adjustment expenses in the following tables to Loss Reserves in the Consolidated Balance Sheets for the year ended December 31, 2022:

(in millions)	Net liability for unpaid losses and loss adjustment expenses as presented in the disaggregated tables below		Reinsurance recoverable on unpaid losses and loss adjustment expenses included in the disaggregated tables below		Gross liability for unpaid losses and loss adjustment expenses
U.S. Workers' Compensation (before discount)	$	3,962	$	5,573	$	9,535
U.S. Excess Casualty		3,638		3,701		7,339
U.S. Other Casualty		3,858		3,872		7,730
U.S. Financial Lines		5,899		1,773		7,672
U.S. Property and Special Risks		6,815		3,295		10,110
U.S. Personal Insurance		794		2,052		2,846
UK/Europe Casualty and Financial lines		6,984		1,538		8,522
UK/Europe Property and Special Risks		2,717		1,464		4,181
UK/Europe and Japan Personal Insurance		1,628		592		2,220
Total	$	36,295	$	23,860	$	60,155
Reconciling Items
Discount on workers' compensation lines						(2,532)
Other product lines*						15,072
Unallocated loss adjustment expenses						2,472
Total Loss Reserves					$	75,167

*Reinsurance recoverable for other product lines of $8.5 billion resulted in a net liability for unpaid losses and loss adjustment expenses of $6.6 billion for the year ended December 31, 2022.

Reconciliation Of Change In Net Ultimate Loss And Loss Adjustment Expense To Prior Year Development

The following table presents the reconciliation of net prior year development before the ADC cessions from the tables below to the net prior year development after ADC cessions and amortization of deferred gain for the year ended December 31, 2022:

(in millions)		Prior Year Development Net of External Reinsurance Before ADC Cessions		Prior Year Development Net of External Reinsurance After ADC Cessions(a)		Re-Attribution of ADC Recovery(b)		Amortization of Deferred Gain at Inception		Prior Year Development After Amortization and Re-attribution
U.S. Workers' Compensation	$	(644)	$	(338)	$	(29)	$	(52)	$	(419)
U.S. Excess Casualty		(116)		17		15		(40)		(8)
U.S. Other Casualty		(149)		(162)		33		(38)		(167)
U.S. Financial Lines		939		707		(22)		(27)		658
U.S. Property and Special Risks		(81)		(100)		3		(9)		(106)
U.S. Personal Insurance		(28)		(32)		—		(1)		(33)
UK/Europe Casualty and Financial lines		82		82		—		—		82
UK/Europe Property and Special Risks		(153)		(153)		—		—		(153)
UK/Europe and Japan Personal Insurance		(111)		(111)		—		—		(111)
Other Operations Run-Off		(5)		(5)		—		—		(5)
Other product lines		(264)		(261)		—		—		(261)
Subtotal, adjusted pre-tax basis	$	(530)	$	(356)	$	—	$	(167)	$	(523)
Remove impact of Retroactive Reinsurance
Amortization of deferred gain at inception										167
Prior year development ceded under the Asbestos LPT										—
Prior year development ceded under the ADC										(174)
Total, prior years, excluding discount and amortization of deferred gain									$	(530)

(a)Change in net ultimate loss and loss adjustment expenses excludes the portion of prior year development we have ceded under the Asbestos Loss Portfolio Transfer (LPT) and the ADC, both of which are provided by NICO and are considered retroactive reinsurance under U.S. GAAP.

(b)Reattribution of the ADC recovery takes place annually as we model the future payments on the subject reserves covered by the ADC to determine when the aggregate payments will exceed the attachment. ADC recoverables are then reallocated by line based on payments expected to be made after attachment point is exceeded.

Schedule of incurred losses and allocated loss adjustment expenses, Undiscounted and net of reinsurance

The following tables present undiscounted, incurred and paid losses and allocated loss adjustment expenses by accident year, on a net basis after reinsurance, with a separate presentation of the ADC excluding the related amortization of the deferred gain:

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development Excluding the Impact of ADC		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims	Incurred Impact of ADC		IBNR Impact of ADC		2022 (Net of Impact of ADC)		Total of IBNR Liabilities Net of Impact of ADC
	Unaudited
2013	$	1,932	$	1,880	$	1,950	$	2,060	$	2,032	$	1,974	$	1,916	$	1,886	$	1,877	$	1,878	$	1	$	116	48,545	$	(326)	$	(103)	$	1,552	$	13
2014			1,729		1,764		1,866		1,862		1,794		1,709		1,679		1,637		1,614		(23)		213		40,986	(371)		(164)		1,243		49
2015					1,708		1,864		1,866		1,814		1,722		1,675		1,634		1,612		(22)		395		36,645	(520)		(311)		1,092		84
2016							1,299		1,346		1,318		1,140		1,090		1,075		1,036		(39)		241		31,540	—		—		1,036		241
2017									789		850		776		763		731		712		(19)		231		27,312	—		—		712		231
2018											998		1,021		961		911		896		(15)		399		21,939	—		—		896		399
2019													887		873		812		801		(11)		313		16,712	—		—		801		313
2020															597		573		521		(52)		176		13,503	—		—		521		176
2021																	597		570		(27)		314		10,480	—		—		570		314
2022																			523				391		7,213	—		—		523		391
Total																			$	10,163	$	(207)				$	(1,217)			$	8,946
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(5,905)		—					170				(5,735)
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			4,390		(404)					(3,639)				751
Unallocated loss adjustment expense prior year development																					(33)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	8,648	$	(644)				$	(4,686)			$	3,962

Incurred Losses and Loss Adjustment Expenses, Undiscounted, Net of Reinsurance (including impact of ADC)

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	1,500	$	1,494	$	1,481	$	1,458	$	1,520	$	1,504	$	1,552	$	48
2014	1,311		1,310		1,309		1,329		1,223		1,171		1,243		72
2015	1,279		1,279		1,318		1,134		1,105		1,041		1,092		51
2016	1,299		1,346		1,318		1,140		1,090		1,075		1,036		(39)
2017			789		850		776		763		731		712		(19)
2018					998		1,021		961		911		896		(15)
2019							887		873		812		801		(11)
2020									597		573		521		(52)
2021											597		570		(27)
2022													523
Total	$	5,389	$	6,218	$	7,274	$	7,745	$	8,132	$	8,415	$	8,946	$	8
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													(5,735)
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													751		(325)
Unallocated loss adjustment expense prior year adjustment															(21)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	3,962	$	(338)

The following table provides our attribution of our reinsurance recoverable for the ADC only (included in the table above):

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	(560)	$	(538)	$	(493)	$	(458)	$	(366)	$	(373)	$	(326)	$	47
2014	(555)		(552)		(485)		(380)		(456)		(466)		(371)		95
2015	(585)		(587)		(496)		(588)		(570)		(593)		(520)		73
2016	—		—		—		—		—		—		—		—
2017	—		—		—		—		—		—		—		—
2018	—		—		—		—		—		—		—		—
2019	—		—		—		—		—		—		—		—
2020	—		—		—		—		—		—		—		—
2021	—		—		—		—		—		—		—		—
2022	—		—		—		—		—		—		—		—
Total	$	(1,700)	$	(1,677)	$	(1,474)	$	(1,426)	$	(1,392)	$	(1,432)	$	(1,217)	$	215
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													170
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(3,639)		79
Unallocated loss adjustment expense prior year development															12
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	(4,686)	$	306

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance

	Years Ended December 31, (in millions)																				Paid Impact of ADC
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	282	$	619	$	879	$	1,067	$	1,214	$	1,287	$	1,335	$	1,372	$	1,422	$	1,472	$	(74)
2014			231		558		786		930		1,030		1,096		1,137		1,180		1,207		(53)
2015					234		524		725		854		925		979		1,013		1,038		(43)
2016							147		378		521		584		630		662		686		—
2017									93		224		294		333		367		389		—
2018											85		215		296		359		388		—
2019													93		219		301		347		—
2020															64		159		205		—
2021																	60		128		—
2022																			45		—
Total																			$	5,905	$	(170)

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development Excluding the Impact of ADC		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims	Incurred Impact of ADC		IBNR Impact of ADC		2022 (Net of Impact of ADC)		Total of IBNR Liabilities Net of Impact of ADC
	Unaudited
2013	$	1,123	$	1,035	$	1,169	$	1,308	$	1,241	$	1,282	$	1,292	$	1,316	$	1,303	$	1,237	$	(66)	$	194	3,423	$	(324)	$	(175)	$	913	$	19
2014			938		1,069		1,275		1,260		1,339		1,283		1,248		1,269		1,259		(10)		324		2,924	(390)		(200)		869		124
2015					989		1,463		1,440		1,603		1,656		1,694		1,721		1,686		(35)		281		3,053	(512)		(219)		1,174		62
2016							898		1,146		1,162		1,171		1,274		1,250		1,263		13		362		2,628	—		—		1,263		362
2017									856		1,002		1,097		1,153		1,157		1,200		43		354		1,985	—		—		1,200		354
2018											648		646		721		769		769		—		189		1,350	—		—		769		189
2019													577		583		597		612		15		357		1,162	—		—		612		357
2020															406		413		410		(3)		324		1,064	—		—		410		324
2021																	278		277		(1)		150		652	—		—		277		150
2022																			305				280		254	—		—		305		280
Total																			$	9,018	$	(44)				$	(1,226)			$	7,792
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(5,054)		—					228				(4,826)
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			2,205		(121)					(1,533)				672
Unallocated loss adjustment expense prior year development																					49
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	6,169	$	(116)				$	(2,531)			$	3,638

Incurred Losses and Loss Adjustment Expenses, Undiscounted, Net of Reinsurance (including impact of ADC)

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
			Unaudited
2013	$	935	$	932	$	981	$	1,032	$	970	$	970	$	913	$	(57)
2014	902		905		915		844		912		949		869		(80)
2015	1,027		1,015		1,139		1,163		1,211		1,231		1,174		(57)
2016	898		1,146		1,162		1,171		1,274		1,250		1,263		13
2017			856		1,002		1,097		1,153		1,157		1,200		43
2018					648		646		721		769		769		—
2019							577		583		597		612		15
2020									406		413		410		(3)
2021											278		277		(1)
2022													305
Total	$	3,762	$	4,854	$	5,847	$	6,530	$	7,230	$	7,614	$	7,792	$	(127)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													(4,826)
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													672		67
Unallocated loss adjustment expense prior year adjustment															77
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	3,638	$	17

The following table provides our attribution of our reinsurance recoverable for the ADC only (included in the table above):

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	(373)	$	(309)	$	(301)	$	(260)	$	(346)	$	(333)	$	(324)	$	9
2014	(373)		(355)		(424)		(439)		(336)		(320)		(390)		(70)
2015	(436)		(425)		(464)		(493)		(483)		(490)		(512)		(22)
2016	—		—		—		—		—		—		—		—
2017	—		—		—		—		—		—		—		—
2018	—		—		—		—		—		—		—		—
2019	—		—		—		—		—		—		—		—
2020	—		—		—		—		—		—		—		—
2021	—		—		—		—		—		—		—		—
2022	—		—		—		—		—		—		—		—
Total	$	(1,182)	$	(1,089)	$	(1,189)	$	(1,192)	$	(1,165)	$	(1,143)	$	(1,226)	$	(83)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													228
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(1,533)		188
Unallocated loss adjustment expense prior year development															28
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	(2,531)	$	133

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance

	Years Ended December 31, (in millions)																				Paid Impact of ADC
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	15	$	105	$	207	$	387	$	578	$	705	$	819	$	882	$	903	$	916	$	(33)
2014			3		77		240		444		590		703		815		839		878		(54)
2015					9		210		391		718		935		1,061		1,124		1,253		(141)
2016							28		80		204		388		502		566		670		—
2017									1		45		156		505		585		676		—
2018											1		125		227		315		414		—
2019													7		43		79		157		—
2020															4		15		33		—
2021																	4		43		—
2022																			14		—
Total																			$	5,054	$	(228)

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development Excluding the Impact of ADC		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims	Incurred Impact of ADC		IBNR Impact of ADC		2022 (Net of Impact of ADC)		Total of IBNR Liabilities Net of Impact of ADC
	Unaudited
2013	$	1,653	$	1,729	$	1,912	$	2,148	$	2,185	$	2,164	$	2,211	$	2,196	$	2,178	$	2,158	$	(20)	$	144	40,358	$	(231)	$	(128)	$	1,927	$	16
2014			1,751		1,721		1,963		2,009		1,910		1,916		1,946		1,935		1,944		9		87		38,469	(226)		(65)		1,718		22
2015					1,329		1,762		1,829		1,736		1,794		1,834		1,824		1,815		(9)		25		35,664	(252)		(17)		1,563		8
2016							1,339		1,343		1,321		1,391		1,340		1,323		1,293		(30)		165		29,099	—		—		1,293		165
2017									602		629		738		674		668		643		(25)		51		21,090	—		—		643		51
2018											802		845		837		870		824		(46)		235		16,736	—		—		824		235
2019													1,059		1,058		1,053		1,062		9		615		20,690	—		—		1,062		615
2020															524		576		538		(38)		329		10,808	—		—		538		329
2021																	795		793		(2)		615		9,560	—		—		793		615
2022																			793				708		9,650	—		—		793		708
Total																			$	11,863	$	(152)				$	(709)			$	11,154
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(8,018)		—					277				(7,741)
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			1,485		—					(1,040)				445
Unallocated loss adjustment expense prior year development																					3
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	5,330	$	(149)				$	(1,472)			$	3,858

Incurred Losses and Loss Adjustment Expenses, Undiscounted, Net of Reinsurance (including impact of ADC)

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	1,948	$	1,960	$	1,929	$	1,948	$	1,920	$	1,926	$	1,927	$	1
2014	1,667		1,678		1,634		1,694		1,701		1,722		1,718		(4)
2015	1,361		1,373		1,423		1,493		1,553		1,562		1,563		1
2016	1,339		1,343		1,321		1,391		1,340		1,323		1,293		(30)
2017			602		629		738		674		668		643		(25)
2018					802		845		837		870		824		(46)
2019							1,059		1,058		1,053		1,062		9
2020									524		576		538		(38)
2021											795		793		(2)
2022													793
Total	$	6,315	$	6,956	$	7,738	$	9,168	$	9,607	$	10,495	$	11,154	$	(134)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													(7,741)
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													445		(40)
Unallocated loss adjustment expense prior year adjustment															12
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	3,858	$	(162)

The following table provides our attribution of our reinsurance recoverable for the ADC only (included in the table above):

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	(200)	$	(225)	$	(235)	$	(263)	$	(276)	$	(252)	$	(231)	$	21
2014	(296)		(331)		(276)		(222)		(245)		(213)		(226)		(13)
2015	(401)		(456)		(313)		(301)		(281)		(262)		(252)		10
2016	—		—		—		—		—		—		—		—
2017	—		—		—		—		—		—		—		—
2018	—		—		—		—		—		—		—		—
2019	—		—		—		—		—		—		—		—
2020	—		—		—		—		—		—		—		—
2021	—		—		—		—		—		—		—		—
2022	—		—		—		—		—		—		—		—
Total	$	(897)	$	(1,012)	$	(824)	$	(786)	$	(802)	$	(727)	$	(709)	$	18
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													277
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(1,040)		(40)
Unallocated loss adjustment expense prior year development															9
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	(1,472)	$	(13)

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance

	Years Ended December 31, (in millions)																				Paid Impact of ADC
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	169	$	594	$	962	$	1,248	$	1,485	$	1,688	$	1,809	$	1,885	$	1,900	$	1,943	$	(42)
2014			210		620		868		1,150		1,392		1,572		1,653		1,719		1,795		(97)
2015					105		309		769		1,087		1,351		1,485		1,603		1,680		(138)
2016							77		298		489		703		846		938		1,018		—
2017									51		111		216		314		455		527		—
2018											43		122		227		360		470		—
2019													53		138		226		321		—
2020															26		73		139		—
2021																	32		87		—
2022																			38		—
Total																			$	8,018	$	(277)

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development Excluding the Impact of ADC		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims	Incurred Impact of ADC		IBNR Impact of ADC		2022 (Net of Impact of ADC)		Total of IBNR Liabilities Net of Impact of ADC
	Unaudited
2013	$	1,790	$	1,719	$	1,670	$	1,613	$	1,555	$	1,497	$	1,509	$	1,550	$	1,542	$	1,589	$	47	$	52	19,157	$	(180)	$	(49)	$	1,409	$	3
2014			1,812		1,777		1,892		1,927		1,960		1,981		2,000		2,057		2,014		(43)		110		17,638	(276)		(82)		1,738		28
2015					1,737		1,762		1,743		1,788		1,830		1,874		1,959		2,044		85		99		16,235	(439)		(78)		1,605		21
2016							1,605		1,855		1,993		2,064		2,139		2,281		2,325		44		246		16,135	—		—		2,325		246
2017									1,564		1,675		1,756		1,846		1,898		1,987		89		266		15,213	—		—		1,987		266
2018											1,640		1,766		1,882		2,063		2,225		162		574		14,787	—		—		2,225		574
2019													1,503		1,536		1,627		1,926		299		672		13,242	—		—		1,926		672
2020															1,213		1,252		1,408		156		525		10,251	—		—		1,408		525
2021																	1,430		1,408		(22)		1,144		6,934	—		—		1,408		1,144
2022																			1,130				1,076		5,192	—		—		1,130		1,076
Total																			$	18,056	$	817				$	(895)			$	17,161
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(11,719)		—					478				(11,241)
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			261		134					(282)				(21)
Unallocated loss adjustment expense prior year development																					(12)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	6,598	$	939				$	(699)			$	5,899

Incurred Losses and Loss Adjustment Expenses, Undiscounted, Net of Reinsurance (including impact of ADC)

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	1,442	$	1,429	$	1,408	$	1,409	$	1,402	$	1,415	$	1,409	$	(6)
2014	1,733		1,729		1,753		1,741		1,759		1,761		1,738		(23)
2015	1,429		1,430		1,462		1,552		1,550		1,595		1,605		10
2016	1,605		1,855		1,993		2,064		2,139		2,281		2,325		44
2017			1,564		1,675		1,756		1,846		1,898		1,987		89
2018					1,640		1,766		1,882		2,063		2,225		162
2019							1,503		1,536		1,627		1,926		299
2020									1,213		1,252		1,408		156
2021											1,430		1,408		(22)
2022													1,130
Total	$	6,209	$	8,007	$	9,931	$	11,791	$	13,327	$	15,322	$	17,161	$	709
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													(11,241)
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(21)		(4)
Unallocated loss adjustment expense prior year adjustment															2
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	5,899	$	707

The following table provides our attribution of our reinsurance recoverable for the ADC only (included in the table above):

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	(171)	$	(126)	$	(89)	$	(100)	$	(148)	$	(127)	$	(180)	$	(53)
2014	(159)		(198)		(207)		(240)		(241)		(296)		(276)		20
2015	(333)		(313)		(326)		(278)		(324)		(364)		(439)		(75)
2016	—		—		—		—		—		—		—		—
2017	—		—		—		—		—		—		—		—
2018	—		—		—		—		—		—		—		—
2019	—		—		—		—		—		—		—		—
2020	—		—		—		—		—		—		—		—
2021	—		—		—		—		—		—		—		—
2022	—		—		—		—		—		—		—		—
Total	$	(663)	$	(637)	$	(622)	$	(618)	$	(713)	$	(787)	$	(895)	$	(108)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													478
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(282)		(138)
Unallocated loss adjustment expense prior year development															14
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	(699)	$	(232)

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance

	Years Ended December 31, (in millions)																				Paid Impact of ADC
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	41	$	327	$	682	$	945	$	1,139	$	1,235	$	1,314	$	1,362	$	1,440	$	1,466	$	(81)
2014			66		366		849		1,158		1,387		1,573		1,658		1,758		1,820		(128)
2015					63		390		791		1,055		1,282		1,488		1,686		1,818		(269)
2016							73		499		1,002		1,358		1,659		1,826		1,903		—
2017									64		391		761		1,118		1,396		1,515		—
2018											86		486		835		1,126		1,415		—
2019													94		367		642		953		—
2020															84		356		648		—
2021																	43		151		—
2022																			30		—
Total																			$	11,719	$	(478)

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development Excluding the Impact of ADC		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims	Incurred Impact of ADC		IBNR Impact of ADC		2022 (Net of Impact of ADC)		Total of IBNR Liabilities Net of Impact of ADC
	Unaudited
2013	$	2,524	$	2,525	$	2,382	$	2,428	$	2,441	$	2,443	$	2,435	$	2,428	$	2,417	$	2,438	$	21	$	27	50,022	$	(41)	$	(20)	$	2,397	$	7
2014			2,940		2,708		2,779		2,765		2,783		2,763		2,745		2,725		2,719		(6)		57		60,738	(76)		(36)		2,643		21
2015					3,100		2,973		2,903		2,892		2,856		2,852		2,859		2,869		10		41		59,443	(115)		(31)		2,754		10
2016							3,143		3,177		3,094		3,084		3,076		3,060		3,065		5		12		54,740	—		—		3,065		12
2017									5,367		4,892		4,734		4,733		4,741		4,777		36		94		79,644	—		—		4,777		94
2018											3,674		3,711		3,667		3,882		3,863		(19)		258		69,608	—		—		3,863		258
2019													2,783		2,812		2,847		2,859		12		153		78,576	—		—		2,859		153
2020															4,483		4,469		4,497		28		1,127		68,119	—		—		4,497		1,127
2021																	3,517		3,308		(209)		393		80,684	—		—		3,308		393
2022																			4,035				1,781		75,535	—		—		4,035		1,781
Total																			$	34,430	$	(122)				$	(232)			$	34,198
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(27,778)		—					85				(27,693)
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			417		47					(107)				310
Unallocated loss adjustment expense prior year development																					(6)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	7,069	$	(81)				$	(254)			$	6,815

Incurred Losses and Loss Adjustment Expenses, Undiscounted, Net of Reinsurance (including impact of ADC)

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	2,401	$	2,403	$	2,416	$	2,397	$	2,392	$	2,385	$	2,397	$	12
2014	2,712		2,704		2,719		2,687		2,667		2,655		2,643		(12)
2015	2,832		2,805		2,805		2,762		2,753		2,752		2,754		2
2016	3,143		3,177		3,094		3,084		3,076		3,060		3,065		5
2017			5,367		4,892		4,734		4,733		4,741		4,777		36
2018					3,674		3,711		3,667		3,882		3,863		(19)
2019							2,783		2,812		2,847		2,859		12
2020									4,483		4,469		4,497		28
2021											3,517		3,308		(209)
2022													4,035
Total	$	11,088	$	16,456	$	19,600	$	22,158	$	26,583	$	30,308	$	34,198	$	(145)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													(27,693)
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													310		48
Unallocated loss adjustment expense prior year adjustment															(3)
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	6,815	$	(100)

The following table provides our attribution of our reinsurance recoverable for the ADC only (included in the table above):

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	(27)	$	(38)	$	(27)	$	(38)	$	(36)	$	(32)	$	(41)	$	(9)
2014	(67)		(61)		(64)		(76)		(78)		(70)		(76)		(6)
2015	(141)		(98)		(87)		(94)		(99)		(107)		(115)		(8)
2016	—		—		—		—		—		—		—		—
2017	—		—		—		—		—		—		—		—
2018	—		—		—		—		—		—		—		—
2019	—		—		—		—		—		—		—		—
2020	—		—		—		—		—		—		—		—
2021	—		—		—		—		—		—		—		—
2022	—		—		—		—		—		—		—		—
Total	$	(235)	$	(197)	$	(178)	$	(208)	$	(213)	$	(209)	$	(232)	$	(23)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													85
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(107)		1
Unallocated loss adjustment expense prior year development															3
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	(254)	$	(19)

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance

	Years Ended December 31, (in millions)																				Paid Impact of ADC
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	733	$	1,568	$	1,844	$	2,037	$	2,184	$	2,296	$	2,321	$	2,339	$	2,350	$	2,385	$	(12)
2014			914		1,758		2,109		2,322		2,461		2,553		2,592		2,623		2,635		(17)
2015					1,038		1,865		2,230		2,485		2,610		2,680		2,717		2,765		(56)
2016							1,004		2,025		2,358		2,611		2,797		2,880		2,962		—
2017									1,363		3,064		3,785		4,136		4,390		4,503		—
2018											1,066		2,618		3,009		3,254		3,427		—
2019													1,145		2,013		2,316		2,499		—
2020															1,191		2,348		2,747		—
2021																	1,189		2,472		—
2022																			1,383		—
Total																			$	27,778	$	(85)

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development Excluding the Impact of ADC		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims	Incurred Impact of ADC		IBNR Impact of ADC		2022 (Net of Impact of ADC)		Total of IBNR Liabilities Net of Impact of ADC
	Unaudited
2013	$	1,887	$	1,816	$	1,803	$	1,782	$	1,780	$	1,776	$	1,777	$	1,778	$	1,777	$	1,777	$	—	$	2	335,448	$	(1)	$	—	$	1,776	$	2
2014			1,552		1,562		1,572		1,572		1,583		1,584		1,588		1,587		1,592		5		6		275,096	(8)		—		1,584		6
2015					1,511		1,498		1,494		1,483		1,482		1,485		1,487		1,488		1		11		261,060	(7)		(1)		1,481		10
2016							1,536		1,533		1,533		1,540		1,542		1,544		1,544		—		16		247,328	—		—		1,544		16
2017									1,878		2,137		2,011		2,057		1,924		1,916		(8)		37		219,816	—		—		1,916		37
2018											2,188		2,193		2,154		1,937		1,936		(1)		36		102,027	—		—		1,936		36
2019													1,593		1,664		1,646		1,596		(50)		95		92,763	—		—		1,596		95
2020															954		906		913		7		75		54,375	—		—		913		75
2021																	748		765		17		90		53,806	—		—		765		90
2022																			517				99		37,022	—		—		517		99
Total																			$	14,044	$	(29)				$	(16)			$	14,028
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(13,186)		—					14				(13,172)
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			(59)		1					(3)				(62)
Unallocated loss adjustment expense prior year development																					—
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	799	$	(28)				$	(5)			$	794

Incurred Losses and Loss Adjustment Expenses, Undiscounted, Net of Reinsurance (including impact of ADC)

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	1,774	$	1,774	$	1,774	$	1,776	$	1,776	$	1,776	$	1,776	$	—
2014	1,564		1,564		1,571		1,580		1,584		1,582		1,584		2
2015	1,476		1,475		1,472		1,476		1,480		1,482		1,481		(1)
2016	1,536		1,533		1,533		1,540		1,542		1,544		1,544		—
2017			1,878		2,137		2,011		2,057		1,924		1,916		(8)
2018					2,188		2,193		2,154		1,937		1,936		(1)
2019							1,593		1,664		1,646		1,596		(50)
2020									954		906		913		7
2021											748		765		17
2022													517
Total	$	6,350	$	8,224	$	10,675	$	12,169	$	13,211	$	13,545	$	14,028	$	(34)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													(13,172)
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(62)		2
Unallocated loss adjustment expense prior year adjustment															—
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	794	$	(32)

The following table provides our attribution of our reinsurance recoverable for the ADC only (included in the table above):

	Calendar Years Ended
	December 31,
	(in millions)
Accident Year	2016		2017		2018		2019		2020		2021		2022		Prior Year Development
	Unaudited
2013	$	(8)	$	(6)	$	(2)	$	(1)	$	(2)	$	(1)	$	(1)	$	—
2014	(8)		(8)		(12)		(4)		(4)		(5)		(8)		(3)
2015	(22)		(19)		(11)		(6)		(5)		(5)		(7)		(2)
2016	—		—		—		—		—		—		—		—
2017	—		—		—		—		—		—		—		—
2018	—		—		—		—		—		—		—		—
2019	—		—		—		—		—		—		—		—
2020	—		—		—		—		—		—		—		—
2021	—		—		—		—		—		—		—		—
2022	—		—		—		—		—		—		—		—
Total	$	(38)	$	(33)	$	(25)	$	(11)	$	(11)	$	(11)	$	(16)	$	(5)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below													14
Liabilities for losses and allocated loss adjustment expenses and prior year development before 2013, net of reinsurance													(3)		1
Unallocated loss adjustment expense prior year development															—
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance													$	(5)	$	(4)

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance

	Years Ended December 31, (in millions)																				Paid Impact of ADC
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	1,109	$	1,634	$	1,705	$	1,744	$	1,759	$	1,766	$	1,772	$	1,774	$	1,775	$	1,774	$	(1)
2014			959		1,380		1,463		1,507		1,536		1,555		1,568		1,572		1,579		(7)
2015					931		1,320		1,411		1,439		1,455		1,461		1,463		1,468		(6)
2016							857		1,344		1,422		1,460		1,501		1,512		1,518		—
2017									941		1,672		1,896		1,789		1,826		1,852		—
2018											1,227		1,939		1,973		1,789		1,832		—
2019													884		1,295		1,379		1,416		—
2020															667		679		725		—
2021																	488		650		—
2022																			372		—
Total																			$	13,186	$	(14)

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance*

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims
	Unaudited
2013	$	979	$	1,022	$	996	$	980	$	1,011	$	1,054	$	1,101	$	1,124	$	1,119	$	1,133	$	14	$	48	109,297
2014			979		954		979		984		981		1,070		1,011		1,052		1,077		25		73		101,355
2015					1,034		1,167		1,200		1,109		1,188		1,179		1,184		1,190		6		61		112,087
2016							1,242		1,383		1,427		1,430		1,529		1,525		1,519		(6)		137		141,037
2017									1,270		1,256		1,186		1,258		1,317		1,326		9		199		148,408
2018											1,315		1,342		1,407		1,444		1,490		46		277		152,379
2019													1,176		1,197		1,268		1,307		39		359		141,643
2020															1,157		1,208		1,144		(64)		603		88,677
2021																	1,309		1,308		(1)		847		74,872
2022																			1,553				1,033		58,460
Total																			$	13,047	$	68
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(6,856)		—
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			793		14
Unallocated loss adjustment expense prior year development																					—
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	6,984	$	82

*The losses reported in the table are not covered by the ADC.

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance*

	Years Ended December 31, (in millions)
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	85	$	321	$	461	$	587	$	696	$	805	$	883	$	929	$	959	$	992
2014			68		245		389		503		598		660		720		778		817
2015					68		228		414		542		653		824		909		952
2016							114		359		558		740		888		1,014		1,118
2017									92		266		424		575		720		859
2018											107		357		546		707		863
2019													94		295		455		628
2020															57		217		348
2021																	49		224
2022																			55
Total																			$	6,856

*The losses reported in the table are not covered by the ADC.

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance*

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims
	Unaudited
2013	$	1,383	$	1,380	$	1,271	$	1,251	$	1,235	$	1,226	$	1,209	$	1,201	$	1,200	$	1,199	$	(1)	$	5	40,096
2014			1,434		1,460		1,442		1,432		1,441		1,414		1,376		1,371		1,369		(2)		3		48,543
2015					1,542		1,499		1,486		1,455		1,429		1,419		1,405		1,399		(6)		13		54,054
2016							1,508		1,649		1,641		1,644		1,641		1,635		1,614		(21)		12		57,174
2017									1,625		1,598		1,593		1,599		1,582		1,558		(24)		22		53,706
2018											1,498		1,508		1,486		1,495		1,426		(69)		31		44,504
2019													1,138		1,107		1,083		1,108		25		76		33,563
2020															1,293		1,236		1,214		(22)		193		25,634
2021																	994		965		(29)		213		20,675
2022																			1,323				476		16,150
Total																			$	13,175	$	(149)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(10,514)		—
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			56		(4)
Unallocated loss adjustment expense prior year development																					—
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	2,717	$	(153)

*The losses reported in the table are not covered by the ADC.

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance*

	Years Ended December 31, (in millions)
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	321	$	791	$	1,013	$	1,087	$	1,135	$	1,156	$	1,166	$	1,172	$	1,174	$	1,176
2014			308		900		1,178		1,246		1,285		1,311		1,320		1,332		1,341
2015					337		899		1,175		1,278		1,314		1,336		1,345		1,347
2016							443		1,083		1,330		1,463		1,507		1,535		1,551
2017									345		924		1,203		1,348		1,403		1,441
2018											307		956		1,138		1,263		1,277
2019													258		632		799		887
2020															250		664		815
2021																	185		489
2022																			190
Total																			$	10,514

*The losses reported in the table are not covered by the ADC.

Incurred Losses and Allocated Loss Adjustment Expenses, Undiscounted and Net of Reinsurance*

	Years Ended December 31, (in millions)																						December 31, 2022
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022 Prior Year Development		Total of IBNR Liabilities Plus Expected Development on Reported Losses		Cumulative Number of Reported Claims
	Unaudited
2013	$	2,285	$	2,286	$	2,256	$	2,257	$	2,252	$	2,247	$	2,245	$	2,245	$	2,245	$	2,246	$	1	$	2	1,736,957
2014			2,256		2,266		2,251		2,249		2,242		2,241		2,243		2,242		2,239		(3)		2		1,795,535
2015					2,324		2,304		2,306		2,296		2,295		2,295		2,295		2,293		(2)		2		1,776,269
2016							2,281		2,279		2,265		2,260		2,258		2,255		2,251		(4)		4		1,798,323
2017									2,234		2,157		2,142		2,138		2,155		2,152		(3)		4		1,724,404
2018											2,605		2,515		2,514		2,488		2,492		4		19		1,889,426
2019													2,092		2,062		2,027		2,019		(8)		15		1,666,974
2020															1,914		1,777		1,747		(30)		61		1,390,787
2021																	1,803		1,734		(69)		114		1,357,947
2022																			1,933				286		1,837,966
Total																			$	21,106	$	(114)
Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance from the table below																			(19,520)		—
Liabilities for losses and loss adjustment expenses and prior year development before accident year 2013, net of reinsurance																			42		3
Unallocated loss adjustment expense prior year development																					—
Liabilities for losses and loss adjustment expenses and prior year loss development, net of reinsurance																			$	1,628	$	(111)

*The losses reported in the table are not covered by the ADC.

Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance*

	Years Ended December 31, (in millions)
Accident Year	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	Unaudited
2013	$	1,249	$	1,870	$	2,052	$	2,142	$	2,189	$	2,214	$	2,225	$	2,232	$	2,236	$	2,238
2014			1,227		1,854		2,041		2,134		2,182		2,203		2,214		2,223		2,228
2015					1,251		1,895		2,083		2,184		2,221		2,247		2,264		2,273
2016							1,251		1,864		2,047		2,137		2,183		2,208		2,223
2017									1,224		1,823		1,984		2,055		2,091		2,112
2018											1,554		2,113		2,280		2,365		2,409
2019													1,226		1,739		1,867		1,929
2020															1,023		1,474		1,580
2021																	1,005		1,424
2022																			1,104
Total																			$	19,520

*The losses reported in the table are not covered by the ADC.

Schedule of historical average annual percentage claims payout on an accident year basis

The following table presents the historical average annual percentage claims payout on an accident year basis at the same level of disaggregation as presented in the claims development table.

Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance (Unaudited)
Year	1		2		3		4		5		6		7		8		9		10
U.S. Workers' compensation	12.4	%	17.5	%	11.5	%	7.3	%	5.2	%	3.5	%	2.4	%	2.0	%	2.2	%	2.7	%
U.S. Excess casualty	1.3		7.9		9.3		16.9		11.4		7.9		7.5		4.9		2.4		1.0
U.S. Other casualty	6.2		12.4		14.9		14.6		14.0		8.9		5.6		3.7		2.3		2.0
U.S. Financial Lines	3.6		15.9		19.6		15.3		12.4		7.7		5.6		4.8		4.0		1.6
U.S. Property and Special Risks	32.5		33.1		11.6		7.6		5.2		3.1		1.6		1.2		0.5		1.4
U.S. Personal Insurance	61.7		26.3		5.5		(0.5)		1.8		0.8		0.4		0.3		0.2		—
UK/Europe Casualty and Financial Lines	6.1		15.5		12.8		11.4		9.8		9.7		6.6		4.4		3.1		2.9
UK/Europe Property and Special Risks	22.2		38.3		16.5		7.5		2.8		1.9		0.8		0.5		0.4		0.2
UK/Europe and Japan Personal Insurance	57.4		26.3		7.4		3.8		1.9		1.1		0.6		0.4		0.2		0.1

Schedule of Components of Loss Reserve Discount

The following table presents the components of the loss reserve discount discussed above:

(in millions)		December 31, 2022		December 31, 2021
U.S. workers' compensation	$	2,532	$	1,829
Retroactive reinsurance		(1,254)		(953)
Total reserve discount(a)(b)	$	1,278	$	876

(a)Excludes $135 million and $116 million of discount related to certain long-tail liabilities in the UK at December 31, 2022 and 2021, respectively.

(b)Includes gross discount of $763 million and $500 million, which was 100 percent ceded to Fortitude Re at December 31, 2022 and 2021, respectively.

Schedule of Loss Reserve Discount

The following table presents the net loss reserve discount benefit (charge):

Years Ended December 31,
(in millions)		2022		2021		2020
Current accident year	$	98	$	62	$	71
Accretion and other adjustments to prior year discount		(239)		(88)		(180)
Effect of interest rate changes		844		219		(407)
Net reserve discount benefit (charge)		703		193		(516)
Change in discount on loss reserves ceded under retroactive reinsurance		(301)		(42)		340
Net change in total reserve discount*	$	402	$	151	$	(176)

*Excludes $19 million, $(35) million and $(20) million of discount related to certain long-tail liabilities in the UK for the years ended December 31, 2022, 2021 and 2020, respectively.

Schedule of Universal life Policies with Secondary Guarantees

The following table presents universal life policies with secondary guarantees and similar features (excluding account balances and embedded derivatives):

	Years Ended December 31,
(in millions)		2022		2021		2020
Balance, beginning of year	$	4,505	$	4,751	$	3,787
Incurred guaranteed benefits*		739		603		1,041
Paid guaranteed benefits		(588)		(489)		(470)
Changes related to unrealized appreciation (depreciation) of investments		(1,831)		(360)		393
Balance, end of year	$	2,825	$	4,505	$	4,751

*Incurred guaranteed benefits include the portion of assessments established as additions to reserves as well as changes in estimates (assumption unlockings) affecting these reserves.

Schedule of Details Concerning Universal life Policies with Secondary Guarantees

The following table presents details concerning our Universal life policies with secondary guarantees and similar features:

At December 31,
(dollars in millions)		2022		2021
Account value	$	3,514	$	3,313
Net amount at risk	$	69,335	$	65,801
Average attained age of contract holders		53		53