XML 52 R40.htm IDEA: XBRL DOCUMENT v3.23.3
Reserve for Losses and Loss Adjustment Expenses - Reconciliation of beginning and ending balances of losses and loss adjustment reserves (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]        
Reserve for losses and loss adjustment expenses at beginning of period $ 21,268 $ 18,194 $ 20,032 $ 17,757
Unpaid losses and loss adjustment expenses recoverable 6,394 5,686 6,280 5,599
Net reserve for losses and loss adjustment expenses at beginning of period 14,874 12,508 13,752 12,158
Net incurred losses and loss adjustment expenses relating to losses occurring in:        
Current year 1,793 1,863 5,012 4,279
Prior years (146) (180) (403) (492)
Total net incurred losses and loss adjustment expenses 1,647 1,683 4,609 3,787
Net foreign exchange (gains) losses and other (123) (245) (24) (527)
Net paid losses and loss adjustment expenses relating to losses occurring in:        
Current year (345) (227) (700) (464)
Prior years (713) (538) (2,297) (1,773)
Total net paid losses and loss adjustment expenses (1,058) (765) (2,997) (2,237)
Net reserve for losses and loss adjustment expenses at end of period 15,340 13,181 15,340 13,181
Unpaid losses and loss adjustment expenses recoverable 6,496 6,107 6,496 6,107
Reserve for losses and loss adjustment expenses at end of period $ 21,836 $ 19,288 $ 21,836 $ 19,288