v3.26.1
LIABILITY FOR UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSES (Tables)
6 Months Ended
Jun. 30, 2026
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]  
Schedule of Information on Liability for Unpaid Claims
Information regarding the liability for unpaid claims is shown below:
AS OF AND FOR THE SIX MONTHS ENDED JUN. 30
US$ MILLIONS
20262025
Policy and contract claims, beginning$7,277 $7,659 
Less: Unpaid claims balance, beginning – long-duration300 219 
Gross unpaid claims balance, beginning – short-duration6,977 7,440 
Less: Reinsurance recoverables, beginning2,742 3,083 
Less: Foreign currency translation2 
Net balance, beginning – short-duration4,233 4,356 
Add: incurred related to
Current accident year701 896 
Prior accident years3 20 
Total incurred claims704 916 
Less: paid claims related to
Current accident year170 296 
Prior accident years639 655 
Total paid claims809 951 
Net unpaid claims balance, ending – short-duration4,128 4,321 
Add: Foreign currency translation2 
Add: Reinsurance recoverables, ending2,557 2,945 
Gross unpaid claims balance, ending – short-duration6,687 7,267 
Add: Unpaid claims balance, ending – long-duration200 253 
Policy and contract claims, ending$6,887 $7,520