Reinsurance (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
Direct written premiums	$	6,229	$	5,756	$	5,477
Assumed written premiums	515		335		244
Ceded written premiums	(265)		(227)		(205)
Net written premiums	$	6,479	$	5,864	$	5,516

Direct earned premiums	$	5,996	$	5,623	$	5,340
Assumed earned premiums	443		285		199
Ceded earned premiums	(255)		(217)		(205)
Earned premiums	$	6,184	$	5,691	$	5,334

Direct incurred loss and loss expenses	$	3,352	$	3,699	$	3,402
Assumed incurred loss and loss expenses	366		184		117
Ceded incurred loss and loss expenses	(122)		(46)		(167)
Incurred loss and loss expenses	$	3,596	$	3,837	$	3,352

The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred:


(Dollars in millions)	Years ended December 31,
	2021		2020		2019
Direct earned premiums	$	374	$	362	$	341
Ceded earned premiums	(76)		(73)		(71)
Earned premiums	$	298	$	289	$	270

Direct contract holders' benefits incurred	$	423	$	359	$	359
Ceded contract holders' benefits incurred	(83)		(62)		(73)
Contract holders' benefits incurred	$	340	$	297	$	286