Receivables

12 Months Ended

Dec. 31, 2011

Receivables

(7) Receivables

Receivables of insurance and other businesses are comprised of the following (in millions).

	December 31,
	2011			2010
Insurance premiums receivable	$	6,663		$	6,342
Reinsurance recoverable on unpaid losses		2,953			2,735
Trade and other receivables		9,772			12,223
Allowances for uncollectible accounts		(376	)		(383	)
	$	19,012		$	20,917

As of December 31, 2010, trade and other receivables included approximately $3.9 billion related to the redemption of an investment. The redemption proceeds were received on January 10, 2011.

Loans and finance receivables of finance and financial products businesses are comprised of the following (in millions).

	December 31,
	2011			2010
Consumer installment loans and finance receivables	$	13,463		$	14,042
Commercial loans and finance receivables		860			1,557
Allowances for uncollectible loans		(389	)		(373	)
	$	13,934		$	15,226

Allowances for uncollectible loans primarily relate to consumer installment loans. Provisions for consumer loan losses were $337 million in 2011 and $343 million in 2010. Loan charge-offs, net of recoveries, were $321 million in 2011 and $349 million in 2010. Consumer loan amounts are net of unamortized acquisition discounts of $500 million at December 31, 2011 and $580 million at December 31, 2010. At December 31, 2011, approximately 96% of consumer installment loan balances were evaluated collectively for impairment whereas about 82% of commercial loan balances were evaluated individually for impairment. As a part of the evaluation process, credit quality indicators are reviewed and loans are designated as performing or non-performing. At December 31, 2011, approximately 98% of consumer installment and commercial loan balances were determined to be performing and approximately 92% of those balances were current as to payment status.