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Receivables
9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Receivables

Note 9. Receivables

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

 

     September 30,
2018
     December 31,
2017
 

Insurance premiums receivable

    $ 13,002      $ 11,058 

Reinsurance recoverable on unpaid losses

     2,944       3,201 

Trade receivables

     13,197       11,756 

Other

     3,121       2,925 

Allowances for uncollectible accounts

     (380)        (362)  
  

 

 

    

 

 

 
    $ 31,884      $ 28,578 
  

 

 

    

 

 

 

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

 

     September 30,
2018
     December 31,
2017
 

Loans and finance receivables before allowances and discounts

    $ 14,832      $ 14,126 

Allowances for uncollectible loans

     (183)        (180)  

Unamortized acquisition discounts

     (172)        (198)  
  

 

 

    

 

 

 
    $ 14,477      $ 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 nine months of 2018 and 2017 were $109 million and $124 million, respectively. Loan charge-offs, net of recoveries, in the first nine months were $106 million in 2018 and $126 million in 2017. At September 30, 2018, we evaluated approximately 98% of the loan balances collectively for impairment. As part of the evaluation process, credit quality indicators were reviewed and loans were designated as performing or non-performing. At September 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.