Unpaid Claims and Claims Expense Short Duration Contracts (Tables)

3 Months Ended

Jun. 30, 2023

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The liability for unpaid claims for short-duration contracts is reported in other policy claims and benefits on the Company’s condensed consolidated balance sheets. Activity associated with unpaid claims is summarized below (dollars in millions):

	Six months ended June 30,
	2023		2022
Balance, beginning of year	$	2,480	$	2,110
Less: reinsurance recoverable	(57)		(81)
Net balance, beginning of year	2,423		2,029
Incurred:
Current year	789		1,047
Prior years	(55)		(74)
Total incurred	734		973
Payments:
Current year	(119)		(117)
Prior years	(539)		(484)
Total payments	(658)		(601)
Other changes:
Interest accretion	17		14
Foreign exchange adjustments	(7)		(44)
Total other changes	10		(30)
Net balance, end of period	2,509		2,371
Plus: reinsurance recoverable	70		76
Balance, end of period	$	2,579	$	2,447