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Receivables
6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Receivables

Note 11. Receivables

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

     June 30,
2017
    December 31,
2016
 

Insurance premiums receivable

   $ 11,124     $ 10,462    

Reinsurance recoverable on unpaid losses

     3,076       3,338    

Trade and other receivables

     15,089       13,630    

Allowances for uncollectible accounts

     (336     (333)   
  

 

 

   

 

 

 
   $ 28,953     $ 27,097    
  

 

 

   

 

 

 

 

A summary of loans and finance receivables of finance and financial products businesses follows (in millions).

 

      June 30, 
2017
     December 31, 
2016
 

Loans and finance receivables before allowances and discounts

    $ 14,967      $ 13,728  

Allowances for uncollectible loans

     (177     (182

Unamortized acquisition discounts

     (231     (246
  

 

 

   

 

 

 
    $  14,559      $     13,300  
  

 

 

   

 

 

 

Loans and finance receivables are primarily installment loans originated or acquired by our manufactured housing business. In June 2017, we agreed to provide a Canada-based financial institution with a C$2 billion (approximately $1.5 billion) one-year secured revolving credit facility. The agreement expires on June 29, 2018. The outstanding loan balance of C$1.4 billion at June 30, 2017 was repaid during July. Provisions for loan losses in both the first six months of 2017 and 2016 were $78 million. Loan charge-offs, net of recoveries, in the first six months were $83 million in 2017 and $78 million in 2016. At June 30, 2017, we evaluated approximately 98% of the manufactured housing loan balances collectively for impairment. As a part of the evaluation process, credit quality indicators are reviewed and loans are designated as performing or non-performing. At June 30, 2017, we considered approximately 99% of the loan balances to be performing and approximately 95% of the loan balances current as to payment status.