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Liability for Policy and Contract Claims (Tables)
 9 Months Ended
Sep. 30, 2019
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)
  
2019
    
2018
  
Beginning balance
  $
10,295
     $
9,507
  
Less reinsurance recoverables
   
(2,379
 )    
(2,419
 )
                 
Net beginning balance
   
7,916
      
7,088
  
                 
Incurred related to insured events of:
   
     
 
Current year
   
2,865
     
2,768
  
Prior years
   
(237
)    
(238
 )
                 
Total incurred
   
2,628
     
2,530
  
                 
Paid related to insured events of:
   
     
 
Current year
   
(659
)    
(702
 )
Prior years
   
(1,794
)    
(1,738
 )
                 
Total paid
   
(2,453
)    
(2,440
 )
                 
Interest on liability for policy and contract claims
   
285
     
248
  
Foreign currency translation
   
(9
)    
(16
 )
                 
Net ending balance
   
8,367
     
7,410
  
Add reinsurance recoverables
   
2,413
     
2,352
  
                 
Ending balance
  $
10,780
    $
9,762