Policy Claims and Benefits (Tables)

9 Months Ended

Sep. 30, 2022

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The liability for unpaid claims is reported in future policy benefits and other policy claims and benefits on the Company’s condensed consolidated balance sheets. Activity associated with unpaid claims is summarized below (dollars in millions):

	Nine Months Ended September 30,
	2022		2021
Balance, beginning of period	$	8,053	$	7,556
Less: reinsurance recoverable	(556)		(641)
Net balance, beginning of period	7,497		6,915
Incurred:
Current year	10,532		9,948
Prior years	(155)		(159)
Total incurred	10,377		9,789
Payments:
Current year	(4,545)		(3,712)
Prior years	(5,971)		(5,229)
Total payments	(10,516)		(8,941)
Other changes:
Interest accretion	23		30
Foreign exchange adjustments	(499)		(135)
Total other changes	(476)		(105)
Net balance, end of period	6,882		7,658
Plus: reinsurance recoverable	456		538
Balance, end of period	$	7,338	$	8,196