Reinsurance (Tables)

6 Months Ended

Jun. 30, 2011

Earned Consolidated Property Casualty Insurance Premiums on Assumed and Ceded Business

Our condensed consolidated statements of operations include earned consolidated property casualty insurance premiums on assumed and ceded business:

(In millions)	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Direct earned premiums	$	807		$	769		$	1,587		$	1,513
Assumed earned premiums		2			2			7			5
Ceded earned premiums		(79	)		(43	)		(119	)		(82	)
Net earned premiums	$	730		$	728		$	1,475		$	1,436

Incurred Consolidated Property Casualty Insurance Loss and Loss Expenses on Assumed and Ceded Business

Our condensed consolidated statements of operations include incurred consolidated property casualty insurance loss and loss expenses on assumed and ceded business:

(In millions)	Three months ended June 30,					Six months ended June 30,
	2011			2010		2011			2010
Direct incurred loss and loss expenses	$	981		$	528	$	1,508		$	977
Assumed incurred loss and loss expenses		5			3		20			5
Ceded incurred loss and loss expenses		(229	)		21		(241	)		44
Net incurred loss and loss expenses	$	757		$	552	$	1,287		$	1,026

Earned Life Insurance Premiums on Ceded Business

Our condensed consolidated statements of operations include earned life insurance premiums on ceded business:

(In millions)	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Direct earned premiums	$	55		$	54		$	105		$	104
Assumed earned premiums		0			0			0			0
Ceded earned premiums		(12	)		(14	)		(25	)		(25	)
Net earned premiums	$	43		$	40		$	80		$	79

Life Insurance Contract Holders' Benefits Incurredon Ceded Business

Our condensed consolidated statements of operations include life insurance contract holders’ benefits incurred on ceded business:

(In millions)	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Direct contract holders' benefits incurred	$	56		$	57		$	109		$	114
Assumed contract holders' benefits incurred		0			0			0			0
Ceded contract holders' benefits incurred		(12	)		(14	)		(20	)		(29	)
Net incurred loss and loss expenses	$	44		$	43		$	89		$	85