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Receivables
6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Receivables

Note 9. Receivables

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

 

     June 30,
2018
     December 31,
2017
 

Insurance premiums receivable

    $ 12,638       $ 11,058  

Reinsurance recoverable on unpaid losses

     2,989        3,201  

Trade receivables

     12,945        11,756  

Other

     3,074        2,925  

Allowances for uncollectible accounts

     (366)         (362)   
  

 

 

    

 

 

 
    $       31,280       $       28,578  
  

 

 

    

 

 

 

 

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

 

     June 30,
2018
    December 31,
2017
 

Loans and finance receivables before allowances and discounts

    $ 14,564     $ 14,126 

Allowances for uncollectible loans

     (180)       (180)  

Unamortized acquisition discounts

     (173)       (198)  
  

 

 

   

 

 

 
    $      14,211     $      13,748 
  

 

 

   

 

 

 

Loans and finance receivables are predominantly installment loans originated or acquired by our manufactured housing business. Provisions for loan losses in the first six months of 2018 and 2017 were $70 million and $78 million, respectively. Loan charge-offs, net of recoveries, in the first six months were $70 million in 2018 and $83 million in 2017. At June 30, 2018, approximately 98% of the loan balances were evaluated collectively for impairment. As part of the evaluation process, credit quality indicators are reviewed and loans are designated as performing or non-performing. At June 30, 2018, we considered approximately 99% of the loan balances to be performing and approximately 95% of the loan balances to be current as to payment status. In June 2017, we agreed to provide a Canada-based financial institution with a C$2 billion one-year secured revolving credit facility. The agreement expired on June 29, 2018.