Reinsurance (Tables)

6 Months Ended

Jun. 30, 2018

Reinsurance Disclosures [Abstract]

Property Casualty Insurance Assumed And Ceded Business

The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses:

(Dollars in millions)	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Direct written premiums	$	1,336		$	1,265		$	2,583		$	2,491
Assumed written premiums	52			42			101			75
Ceded written premiums	(39		)	(36		)	(77		)	(64		)
Net written premiums	$	1,349		$	1,271		$	2,607		$	2,502
Direct earned premiums	$	1,235		$	1,189		$	2,442		$	2,352
Assumed earned premiums	36			33			69			60
Ceded earned premiums	(41		)	(41		)	(81		)	(80		)
Earned premiums	$	1,230		$	1,181		$	2,430		$	2,332
Direct incurred loss and loss expenses	$	821		$	770		$	1,602		$	1,558
Assumed incurred loss and loss expenses	13			20			29			35
Ceded incurred loss and loss expenses	(13		)	4			(19		)	(11		)
Incurred loss and loss expenses	$	821		$	794		$	1,612		$	1,582

Life Insurance Assumed and Ceded Business

(Dollars in millions)	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Direct earned premiums	$	81		$	77		$	158		$	151
Ceded earned premiums	(17		)	(17		)	(34		)	(34		)
Earned premiums	$	64		$	60		$	124		$	117
Direct contract holders' benefits incurred	70			87			146			163
Ceded contract holders' benefits incurred	(8		)	(27		)	(21		)	(38		)
Contract holders' benefits incurred	$	62		$	60		$	125		$	125