Reinsurance (Tables)

3 Months Ended

Mar. 31, 2023

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,
		2023		2022
Direct written premiums		$	1,859	$	1,703
Assumed written premiums		244		263
Ceded written premiums		(84)		(67)
Net written premiums		$	2,019	$	1,899

Direct earned premiums		$	1,760	$	1,561
Assumed earned premiums		159		121
Ceded earned premiums		(78)		(64)
Earned premiums		$	1,841	$	1,618

Direct incurred loss and loss expenses		$	1,299	$	895
Assumed incurred loss and loss expenses		76		73
Ceded incurred loss and loss expenses		(58)		(12)
Incurred loss and loss expenses		$	1,317	$	956

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


(Dollars in millions)	Three months ended March 31,
		2023		2022
Direct earned premiums		$	96	$	93

Ceded earned premiums		(19)		(18)
Earned premiums		$	77	$	75

Direct contract holders' benefits incurred		97		103

Ceded contract holders' benefits incurred		(16)		(27)
Contract holders' benefits incurred		$	81	$	76