Property Casualty Loss and Loss Expenses (Tables)

3 Months Ended

Mar. 31, 2022

Premiums Written, Net [Abstract]

Consolidated Property Casualty Loss And Loss Expense Reserves

This table summarizes activity for our consolidated property casualty loss and loss expense reserves:

(Dollars in millions)	Three months ended March 31,
	2022		2021
Gross loss and loss expense reserves, beginning of period	$	7,229	$	6,677
Less reinsurance recoverable	327		277
Net loss and loss expense reserves, beginning of period	6,902		6,400
Net incurred loss and loss expenses related to:
Current accident year	997		1,033
Prior accident years	(41)		(110)
Total incurred	956		923
Net paid loss and loss expenses related to:
Current accident year	169		143
Prior accident years	721		562
Total paid	890		705
Net loss and loss expense reserves, end of period	6,968		6,618
Plus reinsurance recoverable	319		262
Gross loss and loss expense reserves, end of period	$	7,287	$	6,880