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Unpaid losses and loss expenses (RF) (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Liability for Claims and Claims Adjustment Expense [Line Items]    
Gross unpaid losses and loss expenses – beginning of period $ 84,004 $ 80,122
Reinsurance recoverable on unpaid losses and loss expenses - beginning of period [1] 17,734 17,884
Net unpaid losses and loss expenses – beginning of period 66,270 62,238
Current Year Claims and Claims Adjustment Expense 13,959 12,604
Prior Year Claims and Claims Adjustment Expense [2] (491) (446)
Total, Incurred 13,468 12,158
Net loss and loss expenses paid, Current Year 2,960 2,492
Net loss and loss expenses paid, Prior Years 8,982 6,918
Total, Paid 11,942 9,410
Foreign currency revaluation and other 889 (204)
Net unpaid losses and loss expenses – end of period 68,685 64,782
Reinsurance recoverable on unpaid losses and loss expenses - end of period [1] (17,691) (17,409)
Gross unpaid losses and loss expenses – end of period 86,376 82,191
prior period development, net adjustments $ (13) $ 47
[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, earned premiums, and A&H long-duration lines totaling $(13) million and $47 million for the six months ended June 30, 2025 and 2024, respectively.