Reinsurance (Tables)

3 Months Ended

Mar. 31, 2022

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,
		2022		2021
Direct written premiums		$	1,703	$	1,545
Assumed written premiums		263		205
Ceded written premiums		(67)		(57)
Net written premiums		$	1,899	$	1,693

Direct earned premiums		$	1,561	$	1,429
Assumed earned premiums		121		101
Ceded earned premiums		(64)		(55)
Earned premiums		$	1,618	$	1,475

Direct incurred loss and loss expenses		$	895	$	868
Assumed incurred loss and loss expenses		73		78
Ceded incurred loss and loss expenses		(12)		(23)
Incurred loss and loss expenses		$	956	$	923

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


(Dollars in millions)	Three months ended March 31,
		2022		2021
Direct earned premiums		$	90	$	87

Ceded earned premiums		(18)		(18)
Earned premiums		$	72	$	69

Direct contract holders' benefits incurred		114		107

Ceded contract holders' benefits incurred		(31)		(27)
Contract holders' benefits incurred		$	83	$	80