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Unpaid losses and loss expenses (RF) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Unpaid Losses and Loss Expenses [Roll Forward]    
Gross unpaid losses and loss expenses – beginning of period $ 62,690 $ 62,960
Reinsurance recoverable on unpaid losses - beginning of period (1) (14,181) (14,689)
Net unpaid losses and loss expenses – beginning of period 48,509 48,271
Current Year Claims and Claims Adjustment Expense 17,109 14,484
Prior Year Claims and Claims Adjustment Expense [1] (212) (619)
Total, Incurred 16,897 13,865
Net loss and loss expenses paid, Current Year 4,766 4,920
Net loss and loss expenses paid, Prior Years 7,597 8,374
Total, Paid 12,363 13,294
Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Revaluation And Other 95 (162)
Net unpaid losses and loss expenses – end of period 53,138 48,680
Reinsurance recoverable on unpaid losses (1) [2] 14,767 14,332
Gross unpaid losses and loss expenses – end of period 67,905 63,012
prior period development, net adjustments 23 $ 60
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease), Gross 5,215  
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease) $ 4,629  
[1] Relates to prior period loss reserve development only and excludes prior period development related to reinstatement premiums, expense adjustments and earned premiums totaling $23 million and $60 million for the nine months ended September 30, 2020 and 2019, respectively.
[2] Net of valuation allowance for uncollectible reinsurance.