Divestiture of international businesses

  
Activity in the unpaid claims and claim expenses for the divested international businesses and our interest in a joint venture in Türkiye is presented in the following table. Liabilities associated with Other Operations are excluded because they pertain to obligations for long-duration insurance contracts or, if short-duration, the liabilities have been largely reinsured.

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months Ended |  |  |
| (In millions) | September 30, 2022 (1) |  | September 30, 2021 |  |  |
|  |  |  |  |  |  |
| Beginning balance | $ | 447  |  |  | $ | 452  |  |  |  |
| Less: Reinsurance | 46  |  |  | 45  |  |  |  |
| Beginning balance, net | 401  |  |  | 407  |  |  |  |
| Incurred claims related to: |  |  |  |  |  |
| Current year | 497  |  |  | 746  |  |  |  |
| Prior years | 4  |  |  | (1) |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Total incurred | 501  |  |  | 745  |  |  |  |
| Paid claims related to: |  |  |  |  |  |
| Current year | 313  |  |  | 526  |  |  |  |
| Prior years | 187  |  |  | 211  |  |  |  |
| Total paid | 500  |  |  | 737  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Foreign currency | (28) |  |  | (31) |  |  |  |
| Divestiture of international businesses | (369) |  |  | —  |  |  |  |
| Ending balance, net | 5  |  |  | 384  |  |  |  |
| Add: Reinsurance | 1  |  |  | 46  |  |  |  |
| Ending balance  | $ | 6  |  |  | $ | 430  |  |  |  |

(1) Beginning balance includes unpaid claims amounts classified as Liabilities of businesses held for sale.   
Reinsurance in the table above reflects amounts due from reinsurers related to unpaid claims liabilities. See Note 10 for additional information on reinsurance.21
