v3.26.1
Unpaid Claims and Claims Expense Short Duration Contracts (Tables)
6 Months Ended
Jun. 30, 2026
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. Activity associated with unpaid claims is summarized below (dollars in millions):
Six months ended June 30,
20262025
Balance, beginning of year$3,011 $2,693 
Less: reinsurance recoverable(43)(53)
Net balance, beginning of year2,968 2,640 
Incurred:
Current year724 1,123 
Prior years(11)47 
Total incurred713 1,170 
Payments:
Current year(116)(163)
Prior years(606)(779)
Total payments(722)(942)
Other:
Interest accretion22 17 
Foreign currency translation(7)71 
Total other15 88 
Net balance, end of period2,974 2,956 
Plus: reinsurance recoverable44 60 
Balance, end of period$3,018 $3,016