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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2017
Reinsurance Disclosures [Abstract]  
Property Casualty Insurance Premiums Written On Assumed And Ceded Business
The table below includes our net written consolidated property casualty insurance premiums on assumed and ceded business:
(Dollars in millions)
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Direct written premiums
 
$
1,265

 
$
1,211

 
$
2,491

 
$
2,372

Assumed written premiums
 
42

 
42

 
75

 
63

Ceded written premiums
 
(36
)
 
(59
)
 
(64
)
 
(94
)
Net written premiums
 
$
1,271

 
$
1,194

 
$
2,502

 
$
2,341

 
 
 
 
 
 
 
 
 
Earned Consolidated Property Casualty Insurance Premiums On Assumed And Ceded Business
Our condensed consolidated statements of income include earned consolidated property casualty insurance premiums on assumed and ceded business: 
(Dollars in millions)
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Direct earned premiums
 
$
1,189

 
$
1,137

 
$
2,352

 
$
2,256

Assumed earned premiums
 
33

 
16

 
60

 
31

Ceded earned premiums
 
(41
)
 
(39
)
 
(80
)
 
(77
)
Earned premiums
 
$
1,181

 
$
1,114

 
$
2,332

 
$
2,210

 
 
 
 
 
 
 
 
 
Incurred Consolidated Property Casualty Insurance Loss And Loss Expenses On Assumed And Ceded Business
Our condensed consolidated statements of income include incurred consolidated property casualty insurance loss and loss expenses on assumed and ceded business:
(Dollars in millions)
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Direct incurred loss and loss expenses
 
$
770

 
$
792

 
$
1,558

 
$
1,440

Assumed incurred loss and loss expenses
 
20

 
11

 
35

 
21

Ceded incurred loss and loss expenses
 
4

 
(44
)
 
(11
)
 
(41
)
Incurred loss and loss expenses
 
$
794

 
$
759

 
$
1,582

 
$
1,420

 
 
 
 
 
 
 
 
 
Earned Life Insurance Premiums On Ceded Business
Our condensed consolidated statements of income include earned life insurance premiums on ceded business: 
(Dollars in millions)
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Direct earned premiums
 
$
77

 
$
75

 
$
151

 
$
146

Ceded earned premiums
 
(17
)
 
(16
)
 
(34
)
 
(29
)
Earned premiums
 
$
60

 
$
59

 
$
117

 
$
117

 
 
 
 
 
 
 
 
 
Life Insurance Contract Holders' Benefits Incurred On Ceded Business
Our condensed consolidated statements of income include life insurance contract holders' benefits incurred on ceded business: 
(Dollars in millions)
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Direct contract holders' benefits incurred
 
$
87

 
$
80

 
$
163

 
$
156

Ceded contract holders' benefits incurred
 
(27
)
 
(18
)
 
(38
)
 
(31
)
Contract holders' benefits incurred
 
$
60

 
$
62

 
$
125

 
$
125