Retroactive reinsurance contracts (Tables)

3 Months Ended

Mar. 31, 2023

Insurance [Abstract]

Reconciliation of changes in claim liabilities and incurred losses and loss adjustment expenses

Reconciliations of the changes in estimated liabilities for retroactive reinsurance unpaid losses and loss adjustment expenses and incurred losses and loss adjustment expenses to the amounts recorded in the Consolidated Statements of Earnings for each of the three-month periods ended March 31, 2023 and 2022 follow (in millions).

	2023			2022
Balances at beginning of year	$	35,415		$	37,855
Incurred losses and loss adjustment expenses:
Current year contracts		—			—
Prior years’ contracts		14			(7	)
Total		14			(7	)
Paid losses and loss adjustment expenses		(372	)		(547	)
Foreign currency effect		6			(5	)
Balances at March 31	$	35,063		$	37,296
Incurred losses and loss adjustment expenses above	$	14		$	(7	)
Deferred charge amortization and adjustments		171			215
Incurred losses and loss adjustment expenses included in the Consolidated    Statements of Earnings	$	185		$	208