v3.26.3
Unpaid Claims and Claims Expense Short Duration Contracts (Tables)
9 Months Ended
Sep. 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):
Nine months ended September 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 year1,232 1,521 
Prior years(22)55 
Total incurred1,210 1,576 
Payments:
Current year(287)(356)
Prior years(882)(991)
Total payments(1,169)(1,347)
Other:
Interest accretion33 26 
Foreign currency translation(12)76 
Total other21 102 
Net balance, end of period3,030 2,971 
Plus: reinsurance recoverable37 61 
Balance, end of period$3,067 $3,032