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Property Casualty Loss And Loss Expenses (Tables)
12 Months Ended
Dec. 31, 2015
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,
 
 
2015
 
2014
 
2013
Gross loss and loss expense reserves, January 1
 
$
4,438

 
$
4,241

 
$
4,169

Less reinsurance recoverable
 
282

 
299

 
356

Net loss and loss expense reserves, January 1
 
4,156

 
3,942

 
3,813

Net incurred loss and loss expenses related to:
 
 

 
 

 
 

Current accident year
 
2,756

 
2,725

 
2,448

Prior accident years
 
(184
)
 
(98
)
 
(147
)
Total incurred
 
2,572

 
2,627

 
2,301

Net paid loss and loss expenses related to:
 
 

 
 

 
 

Current accident year
 
1,152

 
1,212

 
1,045

Prior accident years
 
1,197

 
1,201

 
1,127

Total paid
 
2,349

 
2,413

 
2,172

 
 
 
 
 
 
 
Net loss and loss expense reserves, December 31
 
4,379

 
4,156

 
3,942

Plus reinsurance recoverable
 
281

 
282

 
299

Gross loss and loss expense reserves, December 31
 
$
4,660

 
$
4,438

 
$
4,241