UNPAID CLAIM AND CLAIM EXPENSES

9 Months Ended

Sep. 30, 2022

Insurance [Abstract]

UNPAID CLAIM AND CLAIM EXPENSES

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

Liability for Unpaid Claims and Claim Expenses

	September 30,
	2022		2021
	(in millions)
Gross Balance at January 1,	$	78	$	40
Less Reinsurance	23		15
Net Balance at January 1,	$	55	$	25
Incurred Claims (net) Related to:
Current Period	$	144	$	99
Prior Period	(6)		16
Total Incurred	$	138	$	115
Paid Claims (net) Related to:
Current Period	$	91	$	69
Prior Period	30		18
Total Paid	$	121	$	87
Net balance at September 30,	$	72	$	53
Add Reinsurance	32		19
Gross Balance at September 30,	$	104	$	72