Unpaid Claims and Claims Expense Short Duration Contracts (Tables)

6 Months Ended

Jun. 30, 2025

Insurance [Abstract]

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

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

	Six months ended June 30,
	2025		2024
Balance, beginning of year	$	2,693	$	2,730
Less: reinsurance recoverable	(53)		(80)
Net balance, beginning of year	2,640		2,650
Incurred:
Current year	1,123		771
Prior years	47		(55)
Total incurred	1,170		716
Payments:
Current year	(163)		(107)
Prior years	(779)		(532)
Total payments	(942)		(639)
Other changes:
Interest accretion	17		19
Foreign exchange adjustments	71		(46)
Total other changes	88		(27)
Net balance, end of period	2,956		2,700
Plus: reinsurance recoverable	60		69
Balance, end of period	$	3,016	$	2,769