XML 152 R85.htm IDEA: XBRL DOCUMENT v3.20.2
INSURANCE LIABILITIES (Details - Liability for Unpaid Losses and Loss Adjustment Expenses) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2020
Dec. 31, 2019
Jan. 20, 2017
Supplementary Insurance Information, by Segment [Line Items]              
Contractual deductible recoverable amount $ 12,300   $ 12,300     $ 12,200  
Collateral Held For Deductible Recoverable Amounts 9,100   9,100     8,900  
Allowance for credit losses for unsecured reinsurance recoverable 14   14   $ 14 $ 0  
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:              
Liability for unpaid loss and loss adjustment expenses, beginning of period 77,747 $ 82,496 78,328 $ 83,639      
Reinsurance recoverable, balance at the beginning of the period (31,114) (31,784) (31,069) (31,690)      
Initial allowance upon CECL adoption 0 0 164 0      
Net Liability for unpaid loss and loss adjustment expenses, beginning of period 46,633 50,712 47,423 51,949      
Losses and loss adjustment expenses incurred              
Current year 4,248 4,272 8,359 8,569      
Prior years, excluding discount and amortization of deferred gain (25) (132) (26) (147)      
Prior years, discount charge (benefit) 34 244 110 741      
Prior years, amortization of deferred gain on retroactive reinsurance (76) (56) (151) (142)      
Total losses and loss adjustment expenses incurred 4,181 4,328 8,292 9,021      
Losses and loss adjustment expenses paid              
Current year (910) (1,060) (1,252) (1,377)      
Prior years (3,790) (4,127) (8,141) (9,766)      
Total losses and loss adjustment expenses paid (4,700) (5,187) (9,393) (11,143)      
Other changes              
Foreign exchange effect (39) (209) (269) 7      
Allowance for credit losses 0 0 0 0      
Retroactive reinsurance adjustment (net of discount) 138 80 160 (110)      
Fortitude sale and reinsurance adjustment (3,818) 0 (3,818) 0      
Total other changes (3,719) (129) (3,927) (103)      
Net liability for unpaid losses and loss adjustment expenses, balance at end of period 42,395 49,724 42,395 49,724      
Reinsurance recoverable, balance at the end of the period 35,458 31,333 35,458 31,333      
Total, balance at the end of period 77,853 81,057 77,853 81,057      
Change in discount on loss reserves ceded under retroactive reinsurance (14) 125 58 432      
U.S. Commercial long-tail exposures | NICO | Accident Years 2015 and Prior              
Other changes              
Discount on retroactive reinsurance $ 12 $ 6 $ 20 $ 15      
Risk Transferred - U.S. Commercial long-tail exposures for accident years 2015 and prior, percent             80.00%
Reinsurance Percent Ceded on Paid Losses Percent             80.00%
Ceded to NICO net paid losses in excess             $ 25,000
Ceded to NICO net paid losses in excess, aggregate limit             25,000
NICO's limit of liability under the contract             20,000
Consideration paid, including interest             $ 10,200