XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.2
Claim and Claim Adjustment Expense Reserves (Narrative) (Details) - USD ($)
3 Months Ended 6 Months Ended 13 Months Ended
Feb. 05, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Feb. 05, 2021
Dec. 31, 2020
Dec. 31, 2010
Liability for Claims and Claims Adjustment Expense [Line Items]                  
Unusual or infrequent item, or both, net of insurance proceeds   $ 54,000,000   $ 301,000,000 $ 179,000,000 $ 376,000,000      
Retroactive reinsurance benefit recognized   12,000,000   20,000,000 22,000,000 34,000,000      
Funds held under reinsurance agreements, liability $ 690,000,000 690,000,000     690,000,000   $ 690,000,000    
Retroactive reinsurance agreement, maximum 1,000,000,000           1,000,000,000    
Reinsurance premiums paid $ 697,000,000           $ 64,000,000    
Reinsurance, loss on uncollectible accounts in period, amount     $ 12,000,000            
Retroactive reinsurance agreement, amount available   $ 310,000,000     $ 310,000,000        
Collateral trust account, percentage of outstanding reserves   105.00%     105.00%        
Corporate & Other                  
Liability for Claims and Claims Adjustment Expense [Line Items]                  
Total pretax (favorable) unfavorable development   $ 40,000,000   50,000,000 $ 40,000,000 50,000,000      
COVID-19                  
Liability for Claims and Claims Adjustment Expense [Line Items]                  
Unusual or infrequent item, or both, net of insurance proceeds       182,000,000   195,000,000      
Civil Unrest                  
Liability for Claims and Claims Adjustment Expense [Line Items]                  
Unusual or infrequent item, or both, net of insurance proceeds       61,000,000   61,000,000      
Weather Related Events                  
Liability for Claims and Claims Adjustment Expense [Line Items]                  
Unusual or infrequent item, or both, net of insurance proceeds       $ 58,000,000   $ 120,000,000      
Asbestos and Environmental Reserves                  
Liability for Claims and Claims Adjustment Expense [Line Items]                  
Net A&EP claim and allocated claim adjustment expense reserves ceded to NICO                 $ 1,600,000,000
Aggregate limit under A&EP Loss Portfolio Transfer                 4,000,000,000
A&EP claim and allocated claim adjustment expense reserves ceded under existing third party reinsurance contracts transferred to NICO under A&EP Loss Portfolio Transfer                 1,200,000,000
Reinsurance premium paid to NICO under A&EP Loss Portfolio Transfer                 2,000,000,000
Net reinsurance receivables transferred to NICO under A&EP Loss Portfolio Transfer                 215,000,000
Total consideration paid to NICO under AEP Loss Portfolio Transfer                 $ 2,200,000,000
Cumulative amounts ceded under AEP Loss Portfolio Transfer   3,300,000,000     3,300,000,000     $ 3,300,000,000  
Deferred reinsurance benefit yet to be recognized   376,000,000     376,000,000     $ 398,000,000  
Fair value of collateral trust account established by NICO under A&EP Loss Portfolio Transfer   $ 2,900,000,000     $ 2,900,000,000