The following table details the Company’s consolidated incurred claims and claim expenses and cumulative paid claims and claim expenses as of December 31, 2021, net of reinsurance, as well as IBNR plus additional case reserve (“ACR”) included within the net incurred claims amounts. Incurred Claims and Claim Expenses, Net of Reinsurance For the year ended December 31, At December 31, 2021 Accident Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 IBNR and ACR (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) 2012 $ 1,138,478 $ 1,022,338 $ 958,667 $ 927,397 $ 899,241 $ 901,147 $ 907,765 $ 911,821 $ 894,228 $ 893,612 $ 28,520 2013 — 912,458 887,176 836,813 790,498 766,453 747,939 726,212 720,503 726,277 16,529 2014 — — 1,002,755 974,640 965,706 941,733 922,659 932,269 897,645 888,622 57,970 2015 — — — 1,139,588 1,144,947 1,161,202 1,130,597 1,105,473 1,117,250 1,111,987 73,388 2016 — — — — 1,418,381 1,464,953 1,447,703 1,420,715 1,366,532 1,373,871 59,360 2017 — — — — — 2,954,415 2,748,704 2,664,387 2,603,328 2,559,381 342,654 2018 — — — — — — 2,198,790 2,342,952 2,297,920 2,188,749 371,723 2019 — — — — — — — 2,255,467 2,213,257 2,154,462 834,344 2020 — — — — — — — — 3,090,954 3,076,722 1,562,397 2021 — — — — — — — — — 4,080,591 3,091,130 Total $ 19,054,274 $ 6,438,015 Cumulative Paid Claims and Claim Expenses, Net of Reinsurance For the year ended December 31, Accident Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) 2012 $ 267,808 $ 417,140 $ 522,714 $ 597,103 $ 648,754 $ 723,431 $ 754,527 $ 785,271 $ 792,519 $ 808,734 2013 — 132,207 341,769 434,633 497,296 556,485 589,784 617,109 633,689 648,716 2014 — — 231,084 435,331 557,091 633,294 694,155 741,271 767,927 788,590 2015 — — — 262,301 496,234 660,456 775,007 870,708 934,337 982,966 2016 — — — — 287,753 625,995 831,642 973,074 1,087,441 1,184,679 2017 — — — — — 747,272 1,073,216 1,370,642 1,735,535 1,905,621 2018 — — — — — — 590,671 800,773 1,172,692 1,452,144 2019 — — — — — — — 285,660 692,429 986,835 2020 — — — — — — — — 410,482 1,023,330 2021 — — — — — — — — — 572,076 Total $ 10,353,691 Outstanding liabilities from accident year 2011 and prior, net of reinsurance 341,797 Adjustment for unallocated loss adjustment expenses 61,251 Unamortized fair value adjustments recorded in connection with acquisitions (77,670) Liability for claims and claim expenses, net of reinsurance $ 9,025,961 Property Segment Within the Property segment, the Company writes property catastrophe excess of loss reinsurance contracts to insure insurance and reinsurance companies against natural and man-made catastrophes. Under these contracts, the Company indemnifies an insurer or reinsurer when its aggregate paid claims and claim expenses from a single occurrence of a covered peril exceeds the attachment point specified in the contract, up to an amount per loss specified in the contract. Generally, the Company’s most significant exposure is to losses from hurricanes, earthquakes and other windstorms, although the Company is also exposed to claims arising from other man-made and natural catastrophes, such as tsunamis, winter storms, freezes, floods, fires, tornadoes, explosions and acts of terrorism. The Company’s predominant exposure under such coverage is to property damage. However, other risks, including business interruption and other non-property losses, may also be covered under the Company’s catastrophe contracts when arising from a covered peril. The Company’s coverages are offered on either a worldwide basis or are limited to selected geographic areas. Coverage can also vary from “all property” perils to limited coverage on selected perils, such as “earthquake only” coverage. The Company also enters into retrocessional contracts that provide property catastrophe F-44