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Unpaid losses and loss expenses (Unpaid Losses and Loss Expenses Rollforward) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Unpaid Losses and Loss Expenses [Roll Forward]      
Gross unpaid losses and loss expenses, beginning of year $ 62,960 $ 63,179 $ 60,540
Reinsurance recoverable on unpaid losses, beginning of year [1] (14,689) (14,014) (12,708)
Net unpaid losses and loss expenses, beginning of year 48,271 49,165 47,832
Net losses and loss expenses incurred in respect of losses incurring in Current Year 19,575 19,048 19,391
Prior Year Claims and Claims Adjustment Expense [2] (845) (981) (937)
Total 18,730 18,067 18,454
Net losses and loss expenses paid in Current Year 7,894 7,544 6,575
Net losses and loss expenses paid in Prior Year 10,579 10,796 10,873
Total 18,473 18,340 17,448
Foreign currency revaluation and other (19) (621) 327
Net unpaid losses and loss expenses, end of year 48,509 48,271 49,165
Reinsurance recoverable on unpaid losses, end of year [1] 14,181 14,689 14,014
Gross unpaid losses and loss expenses, end of year 62,690 62,960 63,179
Prior Period Development, net adjustments $ 53 $ 85 $ 108
[1]
Net of provision for uncollectible reinsurance.
[2]
Relates to prior period loss reserve development only and excludes prior period development related to reinstatement premiums, expense adjustments and earned premiums totaling $53 million, $85 million and $108 million for 2019, 2018, and 2017, respectively.