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Reinsurance (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Direct written premiums
 
$
1,361

 
$
1,248

 
$
4,168

 
$
3,831

Assumed written premiums
 
41

 
42

 
203

 
143

Ceded written premiums
 
(50
)
 
(44
)
 
(162
)
 
(121
)
Net written premiums
 
$
1,352

 
$
1,246

 
$
4,209

 
$
3,853

 
 
 
 
 
 
 
 
 
Direct earned premiums
 
$
1,386

 
$
1,238

 
$
3,971

 
$
3,680

Assumed earned premiums
 
52

 
38

 
145

 
107

Ceded earned premiums
 
(62
)
 
(39
)
 
(156
)
 
(120
)
Earned premiums
 
$
1,376

 
$
1,237

 
$
3,960

 
$
3,667

 
 
 
 
 
 
 
 
 
Direct incurred loss and loss expenses
 
$
855

 
$
792

 
$
2,508

 
$
2,394

Assumed incurred loss and loss expenses
 
37

 
26

 
87

 
55

Ceded incurred loss and loss expenses
 
(28
)
 
(5
)
 
(78
)
 
(24
)
Incurred loss and loss expenses
 
$
864

 
$
813

 
$
2,517

 
$
2,425

 
 
 
 
 
 
 
 
 

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 September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Direct earned premiums
 
$
87

 
$
79

 
$
256

 
$
237

Ceded earned premiums
 
(17
)
 
(18
)
 
(53
)
 
(52
)
Earned premiums
 
$
70

 
$
61

 
$
203

 
$
185

 
 
 
 
 
 
 
 
 
Direct contract holders' benefits incurred
 
87

 
82

 
259

 
228

Ceded contract holders' benefits incurred
 
(19
)
 
(16
)
 
(48
)
 
(37
)
Contract holders' benefits incurred
 
$
68

 
$
66

 
$
211

 
$
191