Reinsurance (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
Direct written premiums	$	1,545	$	1,458
Assumed written premiums	205		111
Ceded written premiums	(57)		(51)
Net written premiums	$	1,693	$	1,518
Direct earned premiums	$	1,429	$	1,371
Assumed earned premiums	101		66
Ceded earned premiums	(55)		(48)
Earned premiums	$	1,475	$	1,389
Direct incurred loss and loss expenses	$	868	$	900
Assumed incurred loss and loss expenses	78		34
Ceded incurred loss and loss expenses	(23)		(4)
Incurred loss and loss expenses	$	923	$	930

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,
	2021		2020
Direct earned premiums	$	87	$	85
Ceded earned premiums	(18)		(18)
Earned premiums	$	69	$	67
Direct contract holders' benefits incurred	107		85
Ceded contract holders' benefits incurred	(27)		(12)
Contract holders' benefits incurred	$	80	$	73