Liability for Policy and Contract Claims (Tables)

9 Months Ended

Sep. 30, 2018

Changes in Liability for Policy and Contract Claims

The following table sets forth changes in our liability for policy and contract claims as of the dates indicated:

	As of or for the nine months ended September 30,
(Amounts in millions)	2018			2017
Beginning balance	$	9,594		$	9,256
Less reinsurance recoverables		(2,419	)		(2,409	)
Net beginning balance		7,175			6,847
Incurred related to insured events of:
Current year		2,828			2,748
Prior years		(243	)		(306	)
Total incurred		2,585			2,442
Paid related to insured events of:
Current year		(708	)		(755	)
Prior years		(1,790	)		(1,746	)
Total paid		(2,498	)		(2,501	)
Interest on liability for policy and contract claims		248			223
Foreign currency translation		(18	)		27
Net ending balance		7,492			7,038
Add reinsurance recoverables		2,352			2,346
Ending balance	$	9,844		$	9,384