XML 66 R56.htm IDEA: XBRL DOCUMENT v3.23.3
Claim and Claim Adjustment Expense Reserves (Narrative) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2010
Liability for Claims and Claims Adjustment Expense [Line Items]            
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds $ 94 $ 114 $ 214 $ 171    
Total pretax (favorable) unfavorable development 13 (17) 44 (2)    
Retroactive reinsurance benefit recognized 15 17 38 40    
Cumulative amounts ceded under AEP Loss Portfolio Transfer 3,500   3,500   $ 3,500  
Hurricane Ian            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds       87    
Corporate & Other            
Liability for Claims and Claims Adjustment Expense [Line Items]            
Total pretax (favorable) unfavorable development 20 $ 0 55 $ 64    
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
Aggregate limit under A&EP Loss Portfolio Transfer           4,000
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
Reinsurance premium paid to NICO under A&EP Loss Portfolio Transfer           2,000
Net reinsurance receivables transferred to NICO under A&EP Loss Portfolio Transfer           215
Total consideration paid to NICO under AEP Loss Portfolio Transfer           $ 2,200
Deferred reinsurance benefit yet to be recognized 388   388   $ 425  
Fair value of collateral trust account established by NICO under A&EP Loss Portfolio Transfer $ 2,300   $ 2,300