XML 87 R71.htm IDEA: XBRL DOCUMENT v3.24.0.1
Short Duration Contracts - Reconciliation of claims development to liability (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance $ 15,700      
Unpaid losses and loss adjustment expenses recoverable 6,690 $ 6,280 $ 5,599 $ 4,315
Lines other than short duration 132      
Discounting (66)      
Unallocated claims adjustment expenses 296      
Total reconciling items 362      
Reserve for losses and loss adjustment expenses 22,752 $ 20,032 $ 17,757 $ 16,514
Other short duration lines not included        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 284      
Unpaid losses and loss adjustment expenses recoverable [1] 468      
Other short duration lines not included | Loss portfolio transfer        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Unpaid losses and loss adjustment expenses recoverable [1] 225      
Total for short duration lines        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Unpaid losses and loss adjustment expenses recoverable 6,690      
Insurance | Property, energy, marine and aviation        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 824      
Unpaid losses and loss adjustment expenses recoverable 359      
Insurance | Third party occurrence business        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 3,601      
Unpaid losses and loss adjustment expenses recoverable 2,025      
Insurance | Third party claims-made business        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 2,352      
Unpaid losses and loss adjustment expenses recoverable 1,001      
Insurance | Multi-line and other specialty        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 1,348      
Unpaid losses and loss adjustment expenses recoverable 246      
Reinsurance | Casualty        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 2,706      
Unpaid losses and loss adjustment expenses recoverable 738      
Reinsurance | Property catastrophe        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 563      
Unpaid losses and loss adjustment expenses recoverable 519      
Reinsurance | Property excluding property catastrophe        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 1,261      
Unpaid losses and loss adjustment expenses recoverable 239      
Reinsurance | Marine and aviation        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 357      
Unpaid losses and loss adjustment expenses recoverable 240      
Reinsurance | Other specialty        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 2,094      
Unpaid losses and loss adjustment expenses recoverable 828      
Mortgage        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Liabilities for losses and loss adjustment expenses, net of reinsurance 310      
Unpaid losses and loss adjustment expenses recoverable 33      
Consolidating adjustments and eliminations        
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]        
Unpaid losses and loss adjustment expenses recoverable $ (6)      
[1] Includes unpaid loss and loss adjustment expenses recoverable of $225 million related to the loss portfolio transfer reinsurance agreements.