Property Casualty Loss and Loss Expenses (Tables)

6 Months Ended

Jun. 30, 2011

Consolidated Property Casualty Loss and Loss Expense Reserves

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

(In millions)	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Gross loss and loss expense reserves, beginning of period	$	4,179		$	4,065		$	4,137		$	4,096
Less reinsurance receivable		326			343			326			435
Net loss and loss expense reserves, beginning of period		3,853			3,722			3,811			3,661
Net incurred loss and loss expenses related to:
Current accident year		853			625			1,442			1,139
Prior accident years		(96	)		(73	)		(155	)		(113	)
Total incurred		757			552			1,287			1,026
Net paid loss and loss expenses related to:
Current accident year		391			221			522			333
Prior accident years		248			233			608			534
Total paid		639			454			1,130			867
Net loss and loss expense reserves, end of period		3,971			3,820			3,971			3,820
Plus reinsurance receivable		508			311			508			311
Gross loss and loss expense reserves, end of period	$	4,479		$	4,131		$	4,479		$	4,131