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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 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)
 
Years ended December 31,
 
 
2019
 
2018
 
2017
Direct written premiums
 
$
5,477

 
$
5,018

 
$
4,854

Assumed written premiums
 
244

 
173

 
125

Ceded written premiums
 
(205
)
 
(161
)
 
(139
)
Net written premiums
 
$
5,516

 
$
5,030

 
$
4,840

 
 
 
 
 
 
 
Direct earned premiums
 
$
5,340

 
$
4,931

 
$
4,752

Assumed earned premiums
 
199

 
149

 
132

Ceded earned premiums
 
(205
)
 
(160
)
 
(162
)
Earned premiums
 
$
5,334

 
$
4,920

 
$
4,722

 
 
 
 
 
 
 
Direct incurred loss and loss expenses
 
$
3,402

 
$
3,188

 
$
2,961

Assumed incurred loss and loss expenses
 
117

 
125

 
113

Ceded incurred loss and loss expenses
 
(167
)
 
(90
)
 
64

Incurred loss and loss expenses
 
$
3,352

 
$
3,223

 
$
3,138

 
 
 
 
 
 
 
Life Insurance Assumed And Ceded Business
The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred:
(Dollars in millions)
 
Years ended December 31,
 
 
2019
 
2018
 
2017
Direct earned premiums
 
$
341

 
$
320

 
$
300

Ceded earned premiums
 
(71
)
 
(70
)
 
(68
)
Earned premiums
 
$
270

 
$
250

 
$
232

 
 
 
 
 
 
 
Direct contract holders' benefits incurred
 
$
359

 
$
328

 
$
319

Ceded contract holders' benefits incurred
 
(73
)
 
(61
)
 
(67
)
Contract holders' benefits incurred
 
$
286

 
$
267

 
$
252