Property Casualty Loss and Loss Expenses (Tables)

12 Months Ended

Dec. 31, 2011

Consolidated Property Casualty Loss and Loss Expense Reserves

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

	Years ended December 31,
(In millions)	2011			2010			2009
Gross loss and loss expense reserves, January 1	$	4,137		$	4,096		$	4,040
Less reinsurance receivable		326			435			542
Net loss and loss expense reserves, January 1		3,811			3,661			3,498
Net incurred loss and loss expenses related to:
Current accident year		2,620			2,319			2,274
Prior accident years		(285	)		(304	)		(188	)
Total incurred		2,335			2,015			2,086
Net paid loss and loss expenses related to:
Current accident year		1,206			939			929
Prior accident years		1,035			926			994
Total paid		2,241			1,865			1,923
Net loss and loss expense reserves, December 31		3,905			3,811			3,661
Plus reinsurance receivable		375			326			435
Gross loss and loss expense reserves, December 31	$	4,280		$	4,137		$	4,096