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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2015
Reinsurance Disclosures [Abstract]  
Earned Consolidated Property Casualty Insurance Premiums On Assumed And Ceded Business
Our consolidated statements of income include earned consolidated property casualty insurance premiums on assumed and ceded business:
(Dollars in millions)
 
Years ended December 31,
 
 
2015
 
2014
 
2013
Direct earned premiums
 
$
4,396

 
$
4,209

 
$
3,903

Assumed earned premiums
 
29

 
12

 
11

Ceded earned premiums
 
(154
)
 
(176
)
 
(201
)
Earned premiums
 
$
4,271

 
$
4,045

 
$
3,713

 
 
 
 
 
 
 
Incurred Consolidated Property Casualty Insurance Loss And Loss Expenses On Assumed And Ceded Business
Our consolidated statements of income include incurred consolidated property casualty insurance loss and loss expenses on assumed and ceded business:
(Dollars in millions)
 
Years ended December 31,
 
 
2015
 
2014
 
2013
Direct incurred loss and loss expenses
 
$
2,596

 
$
2,661

 
$
2,323

Assumed incurred loss and loss expenses
 
12

 
6

 
11

Ceded incurred loss and loss expenses
 
(36
)
 
(40
)
 
(33
)
Incurred loss and loss expenses
 
$
2,572

 
$
2,627

 
$
2,301

 
 
 
 
 
 
 
Earned Life Insurance Premiums On Ceded Business
Our consolidated statements of income include earned life insurance premiums on ceded business:
(Dollars in millions)
 
Years ended December 31,
 
 
2015
 
2014
 
2013
Direct earned premiums
 
$
271

 
$
259

 
$
248

Ceded earned premiums
 
(62
)
 
(61
)
 
(59
)
Earned premiums
 
$
209

 
$
198

 
$
189

 
 
 
 
 
 
 
Life Insurance Contract Holders' Benefits Incurred On Ceded Business
Our consolidated statements of income include life insurance contract holders’ benefits incurred on ceded business:
(Dollars in millions)
 
Years ended December 31,
 
 
2015
 
2014
 
2013
Direct contract holders' benefits incurred
 
$
292

 
$
299

 
$
266

Ceded contract holders' benefits incurred
 
(56
)
 
(70
)
 
(62
)
Contract holders' benefits incurred
 
$
236

 
$
229

 
$
204