XML 131 R111.htm IDEA: XBRL DOCUMENT v3.24.0.1
Unpaid losses and loss expenses (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jul. 01, 2023
Dec. 31, 2020
Dec. 31, 2004
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ (773) $ (876) $ (926)      
Prior Period Development, net Adjustments $ 83 $ 232 $ 30      
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 1.30% 1.60% 1.80%      
Incurred activity $ 24,100 $ 22,572 $ 21,030      
Liability for Claims and Claims Adjustment Expense 80,122 75,747 72,330   $ 67,192  
Net losses and loss expenses paid in Prior Year 12,763 12,206 10,048      
Liability for Unpaid Claims and Claims Adjustment Expense, Net 62,238 58,661 56,198   $ 52,616  
Prior Year Claims and Claims Adjustment Expense (882)          
Prior Year Claims and Claims Adjustment Expense, net of PPD related to A&H (856) (1,108) [2] (956) [2]      
Huatai Group [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Liability for Claims and Claims Adjustment Expense       $ 831    
Brandywine Run-off [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Incurred activity 712          
Reinsurance coverage to Century provided by ACE INA under XOL 800          
Statutory capital and surplus 25          
Dividend retention fund established by INA Financial Corporation 50          
Required minimum balance under the dividend retention fund 50          
Contributions to the dividend retention fund 75 75        
Minimum contribution from the dividend retention fund to Century not required for XOL agreement 200          
Dividend Retention Fund Contribution to XOL 75 106        
Aggregate reinsurance balances ceded by active ACE companies to Century 1,800 1,900        
Liability for Claims and Claims Adjustment Expense 1,700 2,100        
Surplus note           $ 100
Century X O L Reinsurance Coverage, Statutory-Basis Remaining Limit $ 88          
Westchester and Brandywine Run-off [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
NICO pro-rata share of reinsurance protection (percent) 75.00%          
NICO retention for losses and loss expenses incurred on or before 12/31/1996 $ 721          
NICO reinsurance protection on losses and loss expenses incurred on or before 12/31/1996, net of retenion 1,000          
NICO reinsurance protection on losses and loss expenses 337          
Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 148 58 (44)      
Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (921) (934) (882)      
North America Commercial P&C Insurance - Workers' Compensation [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Prior Year Claims and Claims Adjustment Expense 92          
Boy Scouts of America Agreement in Principle [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Liability for Claims and Claims Adjustment Expense 500 800        
Net losses and loss expenses paid in Prior Year 300          
North America Commercial P&C Insurance [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (494) $ (562) $ (762)      
Prior Period Development, net Adjustments [3] $ 98          
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 0.80% 1.00% 1.40%      
Prior Year Claims and Claims Adjustment Expense $ (592)          
North America Commercial P&C Insurance [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (86) $ (229) $ (482)      
Prior Period Development, net Adjustments 90          
Prior Year Claims and Claims Adjustment Expense (176)          
North America Commercial P&C Insurance [Member] | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (408) (333) (280)      
Prior Period Development, net Adjustments 8          
Prior Year Claims and Claims Adjustment Expense (416)          
North America Commercial P&C Insurance [Member] | Commercial Excess and Umbrella [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development   96        
North America Commercial P&C Insurance [Member] | Workers' Compensation Insurance [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (387)          
North America Commercial P&C Insurance [Member] | Workers' Compensation Insurance [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development   (496)        
North America Commercial P&C Insurance [Member] | Property and Inland Marine            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (248)          
North America Commercial P&C Insurance [Member] | Property and Inland Marine | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development   (206)        
North America Commercial P&C Insurance [Member] | Auto Liability            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 129 177        
North America Commercial P&C Insurance [Member] | Medical Portfolios [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development   82        
North America Personal P&C Insurance [Member] | Homeowners and Valuables [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (244)          
North America Personal P&C Insurance [Member] | Personal Excess Liability            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 145          
North America Personal P&C Insurance [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ (134) $ (186) $ (305)      
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 0.20% 0.30% 0.60%      
North America Personal P&C Insurance [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ 0 $ 0 $ 0      
North America Personal P&C Insurance [Member] | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (134) (186) (305)      
Prior Period Development, net Adjustments (2)          
Prior Year Claims and Claims Adjustment Expense (132)          
North America Agricultural Insurance [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ (18) $ (61) $ 10      
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 0.00% 0.10% 0.00%      
North America Agricultural Insurance [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ 0 $ 0 $ 0      
North America Agricultural Insurance [Member] | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (18) (61) 10      
Prior Period Development, net Adjustments 6          
Prior Year Claims and Claims Adjustment Expense (24)          
Overseas General Insurance [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (376) $ (448) $ (441)      
Prior Period Development, net Adjustments $ 0          
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 0.60% 0.80% 0.80%      
Prior Year Claims and Claims Adjustment Expense $ (376)          
Overseas General Insurance [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (50) $ (65) $ (106)      
Prior Period Development, net Adjustments 0          
Prior Year Claims and Claims Adjustment Expense (50)          
Overseas General Insurance [Member] | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (326) (383) (335)      
Prior Period Development, net Adjustments 0          
Prior Year Claims and Claims Adjustment Expense (326)          
Overseas General Insurance [Member] | Accident and Health [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development   (105)        
Overseas General Insurance [Member] | Property and Casualty [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development   (100)        
Overseas General Insurance [Member] | Property and Inland Marine            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (253)          
Overseas General Insurance [Member] | Professional Lines            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ (77)          
Overseas General Insurance - Casualty [Member] | Europe [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Loss by Geographic Percentage 46.00%          
Global Reinsurance Non-Casualty [Member] | Accident years 2013 and after            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Loss by Geographic Percentage 87.00%          
Global Reinsurance Non-Casualty [Member] | Accident years 2018 to 2022            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Loss by Geographic Percentage 93.00%          
Global Reinsurance Non-Casualty [Member] | Accident years 2013-2017            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Loss by Geographic Percentage 77.00%          
Global Reinsurance [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ (28) $ 22 $ 3      
Prior Period Development, net Adjustments $ 7          
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 0.00% 0.00% 0.00%      
Prior Year Claims and Claims Adjustment Expense $ (35)          
Global Reinsurance [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 7 $ (7) $ (25)      
Prior Period Development, net Adjustments 0          
Prior Year Claims and Claims Adjustment Expense 7          
Global Reinsurance [Member] | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (35) 29 28      
Prior Period Development, net Adjustments 7          
Prior Year Claims and Claims Adjustment Expense (42)          
Corporate Segment [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ 277 $ 359 $ 569      
Prior Period Development Percentage Opening Net Unpaid Reserves [1] 0.50% 0.60% 1.10%      
Corporate Segment [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ 277 $ 359 $ 569      
Prior Period Development, net Adjustments 0          
Prior Year Claims and Claims Adjustment Expense 277          
Corporate Segment [Member] | Short Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 0 0 0      
Corporate Segment [Member] | Other [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development (49) 155 417      
Corporate Segment [Member] | Asbestos & Environmental [Member] | Long Tail [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 99 $ 61 $ 52      
North America Commercial P&C Insurance [Member] | Commercial Excess and Umbrella [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development 193          
North America Commercial P&C Insurance [Member] | Surety Product Line [Member]            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Net Prior Period Development $ (101)          
[1] Calculated based on the beginning of period consolidated net unpaid losses and loss expenses.
[2] Relates to prior period loss reserve development only and excludes prior period development related to reinstatement premiums, expense adjustments, earned premiums, and A&H long-duration lines totaling $83 million, $232 million, and $30 million for 2023, 2022, and 2021, respectively.
[3] Includes premium returns associated with our Alternative Risk Solutions business, which is excluded from the triangles.