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Property Casualty Loss and Loss Expenses (Tables)
3 Months Ended
Mar. 31, 2014
Premiums Written, Net [Abstract]  
Consolidated Property Casualty Loss And Loss Expense Reserves
This table summarizes activity for our consolidated property casualty loss and loss expense reserves:
(In millions)
 
Three months ended March 31,
 
 
2014
 
2013
Gross loss and loss expense reserves, beginning of period
 
$
4,241

 
$
4,169

Less reinsurance receivable
 
299

 
356

Net loss and loss expense reserves, beginning of period
 
3,942

 
3,813

Net incurred loss and loss expenses related to:
 
 

 
 

Current accident year
 
705

 
534

Prior accident years
 
(29
)
 
(10
)
Total incurred
 
676

 
524

Net paid loss and loss expenses related to:
 
 

 
 

Current accident year
 
197

 
121

Prior accident years
 
387

 
392

Total paid
 
584

 
513

Net loss and loss expense reserves, end of period
 
4,034

 
3,824

Plus reinsurance receivable
 
289

 
349

Gross loss and loss expense reserves, end of period
 
$
4,323

 
$
4,173