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Claim and Claim Adjustment Expense Reserves (Tables)
3 Months Ended
Mar. 31, 2020
Net Incurred Claim and Claim Adjustment Expense [Line Items]  
Schedule of liability for unpaid claims and claims adjustment expense
The following table presents a reconciliation between beginning and ending claim and claim adjustment expense reserves, including claim and claim adjustment expense reserves of the Life & Group segment.
For the three months ended March 31
 
 
 
(In millions)
2020
 
2019
Reserves, beginning of year:
 
 
 
Gross
$
21,720

 
$
21,984

Ceded
3,835

 
4,019

Net reserves, beginning of year
17,885

 
17,965

Net incurred claim and claim adjustment expenses:
 
 
 
Provision for insured events of current year
1,355

 
1,309

Increase (decrease) in provision for insured events of prior years
(8
)
 
8

Amortization of discount
51

 
50

Total net incurred (1)
1,398

 
1,367

Net payments attributable to:
 
 
 
Current year events
(72
)
 
(100
)
Prior year events
(1,218
)
 
(1,309
)
Total net payments
(1,290
)
 
(1,409
)
Foreign currency translation adjustment and other
(88
)
 
13

Net reserves, end of period
17,905

 
17,936

Ceded reserves, end of period
3,967

 
3,900

Gross reserves, end of period
$
21,872

 
$
21,836


(1)
Total net incurred above does not agree to Insurance claims and policyholders' benefits as reflected on the Condensed Consolidated Statements of Operations due to amounts related to retroactive reinsurance deferred gain accounting, uncollectible reinsurance and benefit expenses related to future policy benefits, which are not reflected in the table above.
Net prior year development The following table presents development recorded for the Specialty, Commercial, International and Corporate & Other segments.
Three months ended March 31
 
 
 
(In millions)
2020
 
2019
Pretax (favorable) unfavorable development:
 
 
 
Specialty
$
(11
)
 
$
(20
)
Commercial
(4
)
 
(8
)
International

 
14

Corporate & Other

 

Total pretax (favorable) unfavorable development
$
(15
)
 
$
(14
)

Specialty  
Net Incurred Claim and Claim Adjustment Expense [Line Items]  
Net prior year claim and allocated claim adjustment expense reserve development
The following table presents further detail of the development recorded for the Specialty segment.
Three months ended March 31
 
 
 
(In millions)
2020
 
2019
Pretax (favorable) unfavorable development:
 
 
 
Medical Professional Liability
$
10

 
$
15

Other Professional Liability and Management Liability
3

 
(12
)
Surety
(30
)
 
(25
)
Warranty

 

Other
6

 
2

Total pretax (favorable) unfavorable development
$
(11
)
 
$
(20
)

Commercial  
Net Incurred Claim and Claim Adjustment Expense [Line Items]  
Net prior year claim and allocated claim adjustment expense reserve development
The following table presents further detail of the development recorded for the Commercial segment.
Three months ended March 31
 
 
 
(In millions)
2020
 
2019
Pretax (favorable) unfavorable development:
 
 
 
Commercial Auto
$
9

 
$
(5
)
General Liability

 
(20
)
Workers' Compensation
(13
)
 
2

Property and Other

 
15

Total pretax (favorable) unfavorable development
$
(4
)
 
$
(8
)

International  
Net Incurred Claim and Claim Adjustment Expense [Line Items]  
Net prior year claim and allocated claim adjustment expense reserve development
The following table presents further detail of the development recorded for the International segment.
Three months ended March 31
 
 
 
(In millions)
2020
 
2019
Pretax (favorable) unfavorable development:
 
 
 
Casualty
$

 
$

Property, Energy and Marine(1)

 
14

Specialty

 

Total pretax (favorable) unfavorable development
$

 
$
14


(1)
Effective January 1, 2020 the Property and Energy and Marine lines of business have been combined in the International segment. Prior period information has been conformed to the new line of business presentation.