Retroactive reinsurance contracts (Tables)

9 Months Ended

Sep. 30, 2019

Insurance [Abstract]

Reconciliation of changes in retroactive reinsurance claim liabilities and deferred charge assets

Reconciliations of the changes in estimated liabilities for retroactive reinsurance unpaid losses and loss adjustment expenses (“claim liabilities”) and related deferred charge reinsurance assumed assets for each of the nine months ending September 30, 2019 and 2018 follows (in millions).

	2019						2018
	Unpaid losses and loss adjustment expenses			Deferred charges reinsurance assumed			Unpaid losses and loss adjustment expenses			Deferred charges reinsurance assumed
Balances – beginning of year:	$	41,834		$	(14,104	)	$	42,937		$	(15,278	)
Incurred losses and loss adjustment expenses
Current year contracts		175			(82	)		—			—
Prior years’ contracts		(2	)		827			(36	)		827
Total		173			745			(36	)		827
Paid losses and loss adjustment expenses		(643	)		—			(966	)		—
Balances – September 30:	$	41,364		$	(13,359	)	$	41,935		$	(14,451	)
Incurred losses and loss adjustment expenses, net of deferred charges	$	918					$	791