UNPAID CLAIM AND CLAIM EXPENSES

6 Months Ended

Jun. 30, 2022

Insurance [Abstract]

UNPAID CLAIM AND CLAIM EXPENSES

UNPAID CLAIM AND CLAIM EXPENSESThe liability for unpaid claims and claim expenses as of June 30, 2022 and 2021 is as follows:

Liability for Unpaid Claims and Claim Expenses

	June 30,
	2022		2021
	(in millions)
Gross Balance at January 1,	$	78	$	41
Less Reinsurance	23		15
Net Balance at January 1,	$	55	$	26
Incurred Claims (net) Related to:
Current Period	$	88	$	63
Prior Period	9		2
Total Incurred	$	97	$	65
Paid Claims (net) Related to:
Current Period	$	49	$	39
Prior Period	27		16
Total Paid	$	76	$	55
Net balance at June 31,	$	76	$	35
Add Reinsurance	29		18
Gross Balance at June 31,	$	105	$	53