Property Casualty Loss and Loss Expenses (Tables)

3 Months Ended

Mar. 31, 2015

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:

(Dollars in millions)	Three months ended March 31,
	2015			2014
Gross loss and loss expense reserves, beginning of period	$	4,438		$	4,241
Less reinsurance recoverable	282			299
Net loss and loss expense reserves, beginning of period	4,156			3,942
Net incurred loss and loss expenses related to:
Current accident year	711			705
Prior accident years	(22		)	(29		)
Total incurred	689			676
Net paid loss and loss expenses related to:
Current accident year	147			197
Prior accident years	399			387
Total paid	546			584
Net loss and loss expense reserves, end of period	4,299			4,034
Plus reinsurance recoverable	278			289
Gross loss and loss expense reserves, end of period	$	4,577		$	4,323