Liability For Unpaid Claims And Claim Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2024

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Schedule of Information on Liability for Unpaid Claims

Information regarding the liability for unpaid claims is shown below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(Dollars in millions)
Policy and contract claims, beginning	$	1,854	$	1,825	$	1,870	$	1,786
Less: Unpaid claims balance, beginning – long-duration	203		250		213		231
Gross unpaid claims balance, beginning – short-duration	1,651		1,575		1,657		1,555
Less: Reinsurance recoverables, beginning	306		300		302		305
Less: Foreign currency translation and other	—		—		—		—
Net unpaid claims balance, beginning – short-duration	1,345		1,275		1,355		1,250
Acquisition from business combination, net of reinsurance	1		—		1		—
Add: incurred related to:
Current accident year	407		442		750		816
Prior accident years	(14)		(11)		(32)		(22)
Total incurred claims	393		431		718		794
Less: paid claims related to:
Current accident year	201		234		309		342
Prior accident years	142		118		369		348
Total paid claims	343		352		678		690
Net unpaid claims balance, ending – short-duration	1,396		1,354		1,396		1,354
Add: Foreign currency translation and other	—		—		—		—
Add: Reinsurance recoverables, ending	271		303		271		303
Gross unpaid claims balance, ending – short-duration	1,667		1,657		1,667		1,657
Add: Unpaid claims balance, ending – long duration	213		210		213		210
Policy and contract claims, ending	$	1,880	$	1,867	$	1,880	$	1,867