v3.26.1
Retroactive reinsurance contracts (Tables)
 3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Reconciliation of changes in claim liabilities and incurred losses and loss adjustment expenses Reconciliations of the changes in estimated liabilities for retroactive reinsurance unpaid losses and LAE follow (in millions).

 

2026

 

 

2025

 

Balance at the beginning of the year

$

31,048

 

 

$

32,443

 

Losses and LAE incurred

 

(1

)

 

 

2

 

Losses and LAE paid

 

(674

)

 

 

(511

)

Foreign currency effect

 

(5

)

 

 

40

 

Balance at March 31

$

30,368

 

 

$

31,974

 

 

 

 

 

 

 

Losses and LAE incurred

$

(1

)

 

$

2

 

Deferred charge adjustments

 

252

 

 

 

169

 

Losses and LAE incurred, including deferred charge adjustments

$

251

 

 

$

171