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Unpaid losses and loss expenses (Unpaid Losses and Loss Expenses Rollforward) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Unpaid Losses and Loss Expenses [Roll Forward]      
Gross unpaid losses and loss expenses, beginning of year $ 67,811 $ 62,690 $ 62,960
Reinsurance recoverable on unpaid losses, beginning of year [1] (14,647) (14,181) (14,689)
Net unpaid losses and loss expenses, beginning of year 53,164 48,509 48,271
Net losses and loss expenses incurred in respect of losses incurring in Current Year 22,966 22,124 19,575
Prior Year Claims and Claims Adjustment Expense [2] (986) (414) (845)
Total 21,980 21,710 18,730
Net losses and loss expenses paid in Current Year 7,836 7,782 7,894
Net losses and loss expenses paid in Prior Year 10,048 9,652 10,579
Total 17,884 17,434 18,473
Foreign currency revaluation and other (501) 379 (19)
Net unpaid losses and loss expenses, end of year 56,759 53,164 48,509
Reinsurance recoverable on unpaid losses, end of year [1] 16,184 14,647 14,181
Gross unpaid losses and loss expenses, end of year 72,943 67,811 62,690
Prior Period Development, net adjustments $ 60 $ 19 $ 53
[1] Net of valuation allowance 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 $60 million, $19 million, and $53 million for 2021, 2020, and 2019, respectively.