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Claim and Claim Adjustment Expense Reserves (Tables)
 6 Months Ended
Jun. 30, 2023
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.
For the six months ended June 30
(In millions)2023
2022 (1)
Reserves, beginning of year:
Gross$22,120 $21,269 
Ceded5,191 4,969 
Net reserves, beginning of year16,929 16,300 
Net incurred claim and claim adjustment expenses:
Provision for insured events of current year2,746 2,452 
Increase (decrease) in provision for insured events of prior years37 30 
Amortization of discount22 22 
Total net incurred (2)
2,805 2,504 
Net payments attributable to:
Current year events(287)(233)
Prior year events(2,014)(1,882)
Total net payments(2,301)(2,115)
Foreign currency translation adjustment and other57 (222)
Net reserves, end of period17,490 16,467 
Ceded reserves, end of period5,312 5,156 
Gross reserves, end of period$22,802 $21,623 
(1) In conjunction with the Company's adoption of ASU 2018-12, at January 1, 2023, long term care reserves for policyholders currently receiving benefits were reclassified from Claim and claim adjustment expenses into Future policy benefits and this change was applied retrospectively as of January 1, 2021. See Note A to the Condensed Consolidated Financial Statements for additional information.
(2) Total net incurred above does not agree to Insurance claims and policyholders' benefits as reflected on the Condensed Consolidated Statements of Operations due to amounts related to retroactive reinsurance deferred gain accounting and uncollectible reinsurance, which are not reflected in the table above.
Net prior year development The following table presents development recorded for the Specialty, Commercial, International and Corporate & Other segments.
Periods ended June 30Three MonthsSix Months
(In millions)2023202220232022
Pretax (favorable) unfavorable development:
Specialty$(4)$(10)$(4)$(20)
Commercial(13)(22)(15)(24)
International— (5)15 (5)
Corporate & Other35 643564
Total pretax (favorable) unfavorable development$18 $27 $31 $15 
Specialty  
Short-duration Insurance Contracts, Net Incurred Claim and Claim Adjustment Expenses [Line Items]  
Net prior year claim and allocated claim adjustment expense reserve development
The following table presents further detail of the development recorded for the Specialty segment.
Periods ended June 30Three MonthsSix Months
(In millions)2023202220232022
Pretax (favorable) unfavorable development:
Medical Professional Liability$— $1 $9 $9 
Other Professional Liability and Management Liability(1)13 (1)13 
Surety(7)(19)(7)(28)
Warranty— — (9)(9)
Other4 (5)4 (5)
Total pretax (favorable) unfavorable development$(4)$(10)$(4)$(20)
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.
Periods ended June 30Three MonthsSix Months
(In millions)2023202220232022
Pretax (favorable) unfavorable development:
Commercial Auto$11 $21 $11 $21 
General Liability70 41 70 41 
Workers' Compensation(96)(82)(98)(84)
Property and Other2 (2)2 (2)
Total pretax (favorable) unfavorable development$(13)$(22)$(15)$(24)
International  
Short-duration Insurance Contracts, Net Incurred Claim and Claim Adjustment Expenses [Line Items]  
Net prior year claim and allocated claim adjustment expense reserve development
The following table presents further detail of the development recorded for the International segment.
Periods ended June 30Three MonthsSix Months
(In millions)2023202220232022
Pretax (favorable) unfavorable development:
Commercial$(3)$(4)$(5)$(4)
Specialty3 (1)22 (1)
Other— — (2)— 
Total pretax (favorable) unfavorable development $— $(5)$15 $(5)