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Claim and Claim Adjustment Expense Reserves (Tables)
3 Months Ended
Mar. 31, 2022
Short-duration Insurance Contracts, Net Incurred Claim and Claim Adjustment Expenses [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, 2022
(In millions)20222021
Reserves, beginning of year:
Gross$24,174 $22,706 
Ceded4,969 4,005 
Net reserves, beginning of year19,205 18,701 
Reduction of net reserves due to Excess Workers' Compensation Loss Portfolio Transfer— (632)
Net incurred claim and claim adjustment expenses:
Provision for insured events of current year1,448 1,474 
Increase (decrease) in provision for insured events of prior years(45)(54)
Amortization of discount47 50 
Total net incurred (1)
1,450 1,470 
Net payments attributable to:
Current year events(70)(85)
Prior year events(1,147)(1,067)
Total net payments(1,217)(1,152)
Foreign currency translation adjustment and other(92)(32)
Net reserves, end of period19,346 18,355 
Ceded reserves, end of period5,002 4,701 
Gross reserves, end of period$24,348 $23,056 
(1) Total net incurred above does not agree to Insurance claims and policyholders' benefits as reflected on the Condensed Consolidated Statements of Operations due to amounts related to retroactive reinsurance deferred gain accounting, the loss on the Excess Workers' Compensation Loss Portfolio Transfer, uncollectible reinsurance and benefit expenses related to future policy benefits, which are not reflected in the table above.
Net prior year development The following table presents development recorded for the Specialty, Commercial, International and Corporate & Other segments.
Three months ended March 31
(In millions)20222021
Pretax (favorable) unfavorable development:
Specialty$(10)$(15)
Commercial(2)— 
International— — 
Corporate & Other— — 
Total pretax (favorable) unfavorable development$(12)$(15)
Specialty  
Short-duration Insurance Contracts, Net Incurred Claim and Claim Adjustment Expenses [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)20222021
Pretax (favorable) unfavorable development:
Medical Professional Liability$$
Other Professional Liability and Management Liability— — 
Surety(9)(15)
Warranty(9)(8)
Other— — 
Total pretax (favorable) unfavorable development$(10)$(15)
Commercial  
Short-duration Insurance Contracts, Net Incurred Claim and Claim Adjustment Expenses [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)20222021
Pretax (favorable) unfavorable development:
Commercial Auto$— $— 
General Liability— — 
Workers' Compensation(2)— 
Property and Other— — 
Total pretax (favorable) unfavorable development$(2)$—