Retroactive reinsurance contracts (Tables)

3 Months Ended

Mar. 31, 2024

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 each of the three-month periods ended March 31, 2024 and 2023 follow (in millions).

	2024			2023
Balance at the beginning of the year	$	34,647		$	35,415
Incurred losses and loss adjustment expenses
Current contract year		51			—
Prior contract years		—			14
Total		51			14
Paid losses and loss adjustment expenses		(408	)		(372	)
Foreign currency effect		(45	)		6
Balance at March 31	$	34,245		$	35,063
Incurred losses and loss adjustment expenses	$	51		$	14
Deferred charge amortization and adjustments		177			171
Incurred losses and loss adjustment expenses included in the Consolidated    Statements of Earnings	$	228		$	185