Insurance Claim Reserves (Tables)

9 Months Ended

Sep. 30, 2025

Claims and claim adjustment expense reserves were as follows:

The following table presents a reconciliation of beginning and ending property casualty reserve balances for claims and claim adjustment expenses:


	Nine Months Ended September 30,
(in millions)	2025		2024
Claims and claim adjustment expense reserves at beginning of year	$	64,088	$	61,621
Less reinsurance recoverables on unpaid losses	7,669		7,817

Net reserves at beginning of year	56,419		53,804
Estimated claims and claim adjustment expenses for claims arising in the current year	21,959		21,276
Estimated decrease in claims and claim adjustment expenses for claims arising in prior years	(648)		(321)
Total increases	21,311		20,955
Claims and claim adjustment expense payments for claims arising in:
Current year	7,597		7,255
Prior years	10,623		10,545
Total payments	18,220		17,800
Unrealized foreign exchange loss	204		38
Net reserves at end of period	59,714		56,997
Plus reinsurance recoverables on unpaid losses	7,987		7,744
Claims and claim adjustment expense reserves at end of period	$	67,701	$	64,741