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Reinsurance (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Direct written premiums
 
$
1,221

 
$
1,189

 
$
3,712

 
$
3,561

Assumed written premiums
 
26

 
23

 
101

 
86

Ceded written premiums
 
(39
)
 
(37
)
 
(103
)
 
(131
)
Net written premiums
 
$
1,208

 
$
1,175

 
$
3,710

 
$
3,516

 
 
 
 
 
 
 
 
 
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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Direct earned premiums
 
$
1,195

 
$
1,153

 
$
3,547

 
$
3,409

Assumed earned premiums
 
39

 
22

 
99

 
53

Ceded earned premiums
 
(43
)
 
(42
)
 
(123
)
 
(119
)
Earned premiums
 
$
1,191

 
$
1,133

 
$
3,523

 
$
3,343

 
 
 
 
 
 
 
 
 
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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Direct incurred loss and loss expenses
 
$
760

 
$
691

 
$
2,318

 
$
2,131

Assumed incurred loss and loss expenses
 
62

 
9

 
97

 
30

Ceded incurred loss and loss expenses
 
(7
)
 
(10
)
 
(18
)
 
(51
)
Incurred loss and loss expenses
 
$
815

 
$
690

 
$
2,397

 
$
2,110

 
 
 
 
 
 
 
 
 
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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Direct earned premiums
 
$
72

 
$
74

 
$
223

 
$
220

Ceded earned premiums
 
(16
)
 
(16
)
 
(50
)
 
(45
)
Earned premiums
 
$
56

 
$
58

 
$
173

 
$
175

 
 
 
 
 
 
 
 
 
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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Direct contract holders' benefits incurred
 
$
73

 
$
72

 
$
236

 
$
228

Ceded contract holders' benefits incurred
 
(14
)
 
(9
)
 
(52
)
 
(40
)
Contract holders' benefits incurred
 
$
59

 
$
63

 
$
184

 
$
188