Unpaid Claims and Claims Expense Short Duration Contracts (Tables)

3 Months Ended

Mar. 31, 2026

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. Activity associated with unpaid claims is summarized below (dollars in millions):


	Three months ended March 31,
	2026		2025
Balance, beginning of year	$	3,011	$	2,693
Less: reinsurance recoverable	(43)		(53)
Net balance, beginning of year	2,968		2,640
Incurred:
Current year	366		505
Prior years	(7)		(13)
Total incurred	359		492
Payments:
Current year	(28)		(23)
Prior years	(308)		(307)
Total payments	(336)		(330)
Other:
Interest accretion	11		9
Foreign currency translation	(1)		1
Total other	10		10

Net balance, end of period	3,001		2,812
Plus: reinsurance recoverable	50		58
Balance, end of period	$	3,051	$	2,870