Retroactive reinsurance contracts (Tables)

9 Months Ended

Sep. 30, 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 for the nine months ended September 30, 2023 and 2022 follow (in millions).

	2023			2022
Balances at beginning of year	$	35,415		$	37,855
Incurred losses and loss adjustment expenses	13				(23	)
Paid losses and loss adjustment expenses		(1,471	)		(1,567	)
Foreign currency effect		(38	)		(289	)
Balances at September 30	$	33,919		$	35,976
Incurred losses and loss adjustment expenses	$	13		$	(23	)
Deferred charge amortization and adjustments		605			649
Incurred losses and loss adjustment expenses included in the Consolidated    Statements of Earnings	$	618		$	626