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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2020
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 March 31,
 
 
2020
 
2019
Direct written premiums
 
$
1,458

 
$
1,335

Assumed written premiums
 
111

 
87

Ceded written premiums
 
(51
)
 
(41
)
Net written premiums
 
$
1,518

 
$
1,381

 
 
 
 
 
Direct earned premiums
 
$
1,371

 
$
1,266

Assumed earned premiums
 
66

 
43

Ceded earned premiums
 
(48
)
 
(42
)
Earned premiums
 
$
1,389

 
$
1,267

 
 
 
 
 
Direct incurred loss and loss expenses
 
$
900

 
$
787

Assumed incurred loss and loss expenses
 
34

 
25

Ceded incurred loss and loss expenses
 
(4
)
 
(22
)
Incurred loss and loss expenses
 
$
930

 
$
790

 
 
 
 
 
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 March 31,
 
 
2020
 
2019
Direct earned premiums
 
$
85

 
$
83

Ceded earned premiums
 
(18
)
 
(17
)
Earned premiums
 
$
67

 
$
66

 
 
 
 
 
Direct contract holders' benefits incurred
 
85

 
85

Ceded contract holders' benefits incurred
 
(12
)
 
(15
)
Contract holders' benefits incurred
 
$
73

 
$
70