XML 123 R81.htm IDEA: XBRL DOCUMENT v3.22.1
INSURANCE LIABILITIES (Details - Liability for Unpaid Losses and Loss Adjustment Expenses) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Jan. 20, 2017
Supplementary Insurance Information, by Segment [Line Items]        
Contractual deductible recoverable amount $ 12,300   $ 12,300  
Collateral Held For Deductible Recoverable Amounts 8,500   8,600  
Allowance for credit losses for unsecured reinsurance recoverable 14   $ 14  
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:        
Liability for unpaid loss and loss adjustment expenses, beginning of period 79,026 $ 77,720    
Reinsurance recoverable, balance at the beginning of the period (35,213) (34,431)    
Net Liability for unpaid loss and loss adjustment expenses, beginning of period 43,813 43,289    
Losses and loss adjustment expenses incurred        
Current year 3,882 3,925    
Prior years, excluding discount and amortization of deferred gain (51) 16    
Prior years, discount charge (benefit) 4 (18)    
Prior years, amortization of deferred gain on retroactive reinsurance (42) (72)    
Total losses and loss adjustment expenses incurred 3,793 3,851    
Losses and loss adjustment expenses paid        
Current year (323) (328)    
Prior years (3,442) (3,584)    
Total losses and loss adjustment expenses paid (3,765) (3,912)    
Other changes:        
Foreign exchange effect 4 244    
Retroactive reinsurance adjustment (net of discount) 17 89    
Total other changes 21 333    
Net liability for unpaid losses and loss adjustment expenses, end of period 43,862 43,561    
Reinsurance recoverable, balance at the end of the period 34,321 35,271    
Total, balance at the end of period 78,183 78,832    
Change in discount on loss reserves ceded under retroactive reinsurance 39 39    
U.S. Commercial long-tail exposures | NICO | Accident Years 2015 and Prior        
Other changes:        
Discount on retroactive reinsurance $ 4 $ 17    
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