Reinsurance (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
	2018			2017			2018			2017
Direct written premiums	$	1,248		$	1,221		$	3,831		$	3,712
Assumed written premiums	42			26			143			101
Ceded written premiums	(44		)	(39		)	(121		)	(103		)
Net written premiums	$	1,246		$	1,208		$	3,853		$	3,710
Direct earned premiums	$	1,238		$	1,195		$	3,680		$	3,547
Assumed earned premiums	38			39			107			99
Ceded earned premiums	(39		)	(43		)	(120		)	(123		)
Earned premiums	$	1,237		$	1,191		$	3,667		$	3,523
Direct incurred loss and loss expenses	$	792		$	760		$	2,394		$	2,318
Assumed incurred loss and loss expenses	26			62			55			97
Ceded incurred loss and loss expenses	(5		)	(7		)	(24		)	(18		)
Incurred loss and loss expenses	$	813		$	815		$	2,425		$	2,397

Life Insurance Assumed and Ceded Business

(Dollars in millions)	Three months ended September 30,						Nine months ended September 30,
	2018			2017			2018			2017
Direct earned premiums	$	79		$	72		$	237		$	223
Ceded earned premiums	(18		)	(16		)	(52		)	(50		)
Earned premiums	$	61		$	56		$	185		$	173
Direct contract holders' benefits incurred	82			73			228			236
Ceded contract holders' benefits incurred	(16		)	(14		)	(37		)	(52		)
Contract holders' benefits incurred	$	66		$	59		$	191		$	184