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Property Casualty Loss And Loss Expenses (Tables)
12 Months Ended
Dec. 31, 2014
Insurance [Abstract]  
Consolidated Property Casualty Loss And Loss Expense Reserves
This table summarizes activity for our consolidated property casualty loss and loss expense reserves:
(Dollars in millions)
 
Years ended December 31,
 
 
2014
 
2013
 
2012
Gross loss and loss expense reserves, January 1
 
$
4,241

 
$
4,169

 
$
4,280

Less reinsurance recoverable
 
299

 
356

 
375

Net loss and loss expense reserves, January 1
 
3,942

 
3,813

 
3,905

Net incurred loss and loss expenses related to:
 
 

 
 

 
 

Current accident year
 
2,725

 
2,448

 
2,533

Prior accident years
 
(98
)
 
(147
)
 
(396
)
Total incurred
 
2,627

 
2,301

 
2,137

Net paid loss and loss expenses related to:
 
 

 
 

 
 

Current accident year
 
1,212

 
1,045

 
1,123

Prior accident years
 
1,201

 
1,127

 
1,106

Total paid
 
2,413

 
2,172

 
2,229

 
 
 
 
 
 
 
Net loss and loss expense reserves, December 31
 
4,156

 
3,942

 
3,813

Plus reinsurance recoverable
 
282

 
299

 
356

Gross loss and loss expense reserves, December 31
 
$
4,438

 
$
4,241

 
$
4,169