XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Liability For Unpaid Claims (Tables)
6 Months Ended
Jun. 30, 2020
Liability For Unpaid Claims [Abstract]  
Changes In Liability For Unpaid Claims

For the Six

Months Ended

June 30,

2020

2019

Balance as of beginning-of-year

$

5,552

$

5,335

Reinsurance recoverable

152

143

Net balance as of beginning-of-year

5,400

5,192

Incurred related to:

Current year

1,742

1,577

Prior years:

Interest

82

80

All other incurred (1)

(127

)

(144

)

Total incurred

1,697

1,513

Paid related to:

Current year

(654

)

(593

)

Prior years

(847

)

(810

)

Total paid

(1,501

)

(1,403

)

Net balance as of end-of-period

5,596

5,302

Reinsurance recoverable

155

147

Balance as of end-of-period

$

5,751

$

5,449

(1)All other incurred is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A negative number implies a favorable result where claim resolutions were more favorable than assumed. Our claim resolution rate assumption used in determining reserves is our expectation of the resolution rate we will experience over the long-term life of the block of claims. It will vary from actual experience in any one period, both favorably and unfavorably.