Property Casualty Loss and Loss Expenses (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
	2011			2010			2011			2010
Gross loss and loss expense reserves, beginning of period	$	4,479		$	4,131		$	4,137		$	4,096
Less reinsurance receivable		508			311			326			435
Net loss and loss expense reserves, beginning of period		3,971			3,820			3,811			3,661
Net incurred loss and loss expenses related to:
Current accident year		675			592			2,115			1,731
Prior accident years		(68	)		(61	)		(221	)		(174	)
Total incurred		607			531			1,894			1,557
Net paid loss and loss expenses related to:
Current accident year		360			308			878			641
Prior accident years		205			196			814			730
Total paid		565			504			1,692			1,371
Net loss and loss expense reserves, end of period		4,013			3,847			4,013			3,847
Plus reinsurance receivable		450			319			450			319
Gross loss and loss expense reserves, end of period	$	4,463		$	4,166		$	4,463		$	4,166