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Insurance (Tables)
 9 Months Ended
Sep. 30, 2018
Insurance [Abstract]  
Reconciliation of beginning and ending liability for unpaid losses and loss adjustment expenses
The following table provides an analysis of changes in the liability for losses and loss adjustment expenses during the first nine months of 2018 and 2017 (in millions):
 
Nine months ended September 30,
 
2018
 
2017
Balance at beginning of year
$
9,678

 
$
8,563

Less reinsurance recoverables, net of allowance
2,957

 
2,302

Net liability at beginning of year
6,721

 
6,261

Provision for losses and LAE occurring in the current period
2,337

 
2,237

Net increase (decrease) in the provision for claims of prior years:
 
 
 
Special A&E charges
18

 
89

Other
(149
)
 
(87
)
Total losses and LAE incurred
2,206

 
2,239

Payments for losses and LAE of:
 
 
 
Current year
(569
)
 
(530
)
Prior years
(1,313
)
 
(1,272
)
Total payments
(1,882
)
 
(1,802
)
Reserves of business disposed (*)
(319
)
 
—

Foreign currency translation and other
(4
)
 
32

Net liability at end of period
6,722

 
6,730

Add back reinsurance recoverables, net of allowance
2,948

 
2,833

Gross unpaid losses and LAE included in the balance sheet at end of period
$
9,670

 
$
9,563



(*)
Reflects the reinsurance to close transaction at Neon discussed below.