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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2019
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,
 
 
2019
 
2018
 
2019
 
2018
Direct written premiums
 
$
1,472

 
$
1,336

 
$
2,807

 
$
2,583

Assumed written premiums
 
75

 
52

 
162

 
101

Ceded written premiums
 
(71
)
 
(39
)
 
(112
)
 
(77
)
Net written premiums
 
$
1,476

 
$
1,349

 
$
2,857

 
$
2,607

 
 
 
 
 
 
 
 
 
Direct earned premiums
 
$
1,319

 
$
1,235

 
$
2,585

 
$
2,442

Assumed earned premiums
 
50

 
36

 
93

 
69

Ceded earned premiums
 
(52
)
 
(41
)
 
(94
)
 
(81
)
Earned premiums
 
$
1,317

 
$
1,230

 
$
2,584

 
$
2,430

 
 
 
 
 
 
 
 
 
Direct incurred loss and loss expenses
 
$
866

 
$
821

 
$
1,653

 
$
1,602

Assumed incurred loss and loss expenses
 
25

 
13

 
50

 
29

Ceded incurred loss and loss expenses
 
(28
)
 
(13
)
 
(50
)
 
(19
)
Incurred loss and loss expenses
 
$
863

 
$
821

 
$
1,653

 
$
1,612

 
 
 
 
 
 
 
 
 
Life Insurance Assumed and Ceded Business
The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred:
(Dollars in millions)
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Direct earned premiums
 
$
86

 
$
81

 
$
169

 
$
158

Ceded earned premiums
 
(19
)
 
(17
)
 
(36
)
 
(34
)
Earned premiums
 
$
67

 
$
64

 
$
133

 
$
124

 
 
 
 
 
 
 
 
 
Direct contract holders' benefits incurred
 
87

 
70

 
172

 
146

Ceded contract holders' benefits incurred
 
(14
)
 
(8
)
 
(29
)
 
(21
)
Contract holders' benefits incurred
 
$
73

 
$
62

 
$
143

 
$
125